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Education Code - EDC - EDC § 26140
Education Code - EDC - EDC § 26140
(a) “Spouse” means the person married to the participant on the date the participant files a beneficiary designation, or an application for a benefit, or on the date of the participant’s death. (b) Except as excluded in Sections 26004 and 27406, a person who is the registered dom
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Education Code - EDC - EDC § 26142
Education Code - EDC - EDC § 26142
“System” means the State Teachers’ Retirement System.
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Education Code - EDC - EDC § 26142.5
Education Code - EDC - EDC § 26142.5
“System’s headquarters office” means the office building established as the permanent headquarters facility for the system, pursuant to Section 22375.
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Education Code - EDC - EDC § 26143
Education Code - EDC - EDC § 26143
“Termination benefit” means a benefit that is an amount equal to the sum of the participant’s employee account and employer account payable under this part pursuant to the provisions of Chapter 13 (commencing with Section 27200).
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Education Code - EDC - EDC § 26144
Education Code - EDC - EDC § 26144
“Total and permanent disability” means any medically determinable physical or mental incapacity that is expected to prevent the participant from performing creditable service under this part for the employer for a continuous period of at least one year.
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Education Code - EDC - EDC § 26144.5
Education Code - EDC - EDC § 26144.5
“Trustee service” means duties performed by a member of the governing body of an employer.
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Education Code - EDC - EDC § 26145
Education Code - EDC - EDC § 26145
“Unfunded actuarial obligation” means any negative balance in the Gain and Loss Reserve.
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Education Code - EDC - EDC § 262.3
Education Code - EDC - EDC § 262.3
(a) (1) A party to a written complaint of prohibited discrimination may appeal the action taken by the governing board of a school district pursuant to this article, to the department. (2) In accordance with Section 4650(a)(4) of Title 5 of the California Code of Regulations, pur
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Education Code - EDC - EDC § 262.4
Education Code - EDC - EDC § 262.4
This chapter may be enforced through a civil action.
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Education Code - EDC - EDC § 26200
Education Code - EDC - EDC § 26200
Employee contributions, employer contributions, investment earnings, and any other amounts provided under this part shall be deposited into the Teachers’ Retirement Fund. Disbursement of money from the fund shall be made upon claims made pursuant to Section 26209 and duly audited
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Education Code - EDC - EDC § 26201
Education Code - EDC - EDC § 26201
Investment earnings shall be collected by the Treasurer, and together with any other moneys received in connection with the Cash Balance Benefit Program, shall be immediately deposited to the credit of the Teachers’ Retirement Fund and reported to the system.
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Education Code - EDC - EDC § 26202
Education Code - EDC - EDC § 26202
(a) The board shall establish a Gain and Loss Reserve within the Teachers’ Retirement Fund for the Cash Balance Benefit Program. The board has sole authority to administer the Gain and Loss Reserve to be drawn upon to the extent necessary to credit interest to employee accounts a
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Education Code - EDC - EDC § 26203
Education Code - EDC - EDC § 26203
The board may amortize any unfunded actuarial obligation in accordance with standards established by the Actuarial Standards Board and Governmental Accounting Standards Board.
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Education Code - EDC - EDC § 26204
Education Code - EDC - EDC § 26204
The board shall establish an Annuitant Reserve within the Teachers’ Retirement Fund for the Cash Balance Benefit Program. The board has sole authority to administer the Annuitant Reserve for the payment of annuities. The board may transfer the credits from a participant’s employe
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Education Code - EDC - EDC § 26205
Education Code - EDC - EDC § 26205
The board may transfer amounts between the Gain and Loss Reserve and the Annuitant Reserve upon the recommendation of the actuary.
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Education Code - EDC - EDC § 26206
Education Code - EDC - EDC § 26206
All administrative costs of the board and system for the plan with respect to the Cash Balance Benefit Program shall be paid from the Teachers’ Retirement Fund.
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Education Code - EDC - EDC § 26207.5
Education Code - EDC - EDC § 26207.5
In no event shall the funding of the Cash Balance Benefit Program be a liability of the state or the General Fund, nor shall the General Fund be used to offset or fund any liabilities attributed to the operation of the Cash Balance Benefit Program.
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Education Code - EDC - EDC § 26208
Education Code - EDC - EDC § 26208
The board shall establish and maintain records and accounts following recognized accounting principles and controls with respect to the Cash Balance Benefit Program.
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Education Code - EDC - EDC § 26209
Education Code - EDC - EDC § 26209
The board may authorize the transfer and disbursement of funds from the Teachers’ Retirement Fund for the purpose of carrying into effect the Cash Balance Benefit Program upon the signature of its chairperson, vice chairperson, the chief executive officer, or any employee of the
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Education Code - EDC - EDC § 26210
Education Code - EDC - EDC § 26210
The board has exclusive control of the investment of the Retirement Fund with respect to assets attributed to the Cash Balance Benefit Program. In investing the fund, the board and its officers and employees shall exercise their fiduciary duties set forth in Chapter 4 (commencing
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Education Code - EDC - EDC § 26211
Education Code - EDC - EDC § 26211
The board shall acquire the services of an actuary to: (a) Perform an actuarial investigation of the demographic and economic experience of the Cash Balance Benefit Program at least once every four years and make recommendations to the board for the adoption of actuarial assumpti
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Education Code - EDC - EDC § 26212
Education Code - EDC - EDC § 26212
The board shall maintain all data necessary for the actuarial investigation of the demographic and economic experience of the Cash Balance Benefit Program, and for the actuarial valuation of the assets and liabilities of the plan with respect to the Cash Balance Benefit Program.
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Education Code - EDC - EDC § 26213
Education Code - EDC - EDC § 26213
The board shall adopt actuarial assumptions, rates, factors and tables necessary to administer the Cash Balance Benefit Program as an amendment to the plan.
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Education Code - EDC - EDC § 26214
Education Code - EDC - EDC § 26214
(a) Except as provided in subdivision (b), the system shall make available, after the end of the plan year, to each participant having a balance in his or her employee account or employer account, a statement setting forth the balance as of the close of the plan year and amounts
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Education Code - EDC - EDC § 26216
Education Code - EDC - EDC § 26216
The board may administer the Cash Balance Benefit Program through an agreement with a qualified third-party administrator that shall provide custodial, recordkeeping, or other administrative services specified under the agreement.