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Education Code - EDC - EDC § 22139.5
Education Code - EDC - EDC § 22139.5
“Gain and Loss Reserve” means a segregated account within the retirement fund that is established and maintained to do either of the following: (a) Credit interest to members’ Defined Benefit Supplement accounts at the minimum interest rate for plan years in which the board deter
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Education Code - EDC - EDC § 22140
Education Code - EDC - EDC § 22140
(a) “Improvement factor,” with respect to the Defined Benefit Program, means an increase of 2 percent in monthly allowances. The improvement factor shall be added to a monthly allowance each year on September 1, commencing on September 1 following the first anniversary of the eff
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Education Code - EDC - EDC § 22141
Education Code - EDC - EDC § 22141
(a) Notwithstanding Section 22140, “improvement factor” means an increase of 2 percent in benefits provided under Sections 24408 and 24409 for each year commencing September 1, 1981, and under Section 24410.5 for each year commencing September 1, 2001, and under Sections 24410.6
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Education Code - EDC - EDC § 22142
Education Code - EDC - EDC § 22142
“Indexed final compensation” means final compensation upon which a disability allowance or disability retirement allowance was based, adjusted annually from the school year in which an allowance begins to accrue by the rate of change in the average compensation earnable as determ
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Education Code - EDC - EDC § 22143
Education Code - EDC - EDC § 22143
“Investment manager” and “investment adviser” mean any person, firm, or custodian referred to in Section 22359, either appointed by or under contract with the board to engage in investment transactions or to manage or advise in the management of the assets of the Teachers’ Retire
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Education Code - EDC - EDC § 22144
Education Code - EDC - EDC § 22144
“Investment transactions” means investment services of an asset management or investment advisory nature and may include advisory services, research material, trading assistance, trading expenses, discretionary management of funds of the plan upon approval by the board, acquisiti
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Education Code - EDC - EDC § 22144.3
Education Code - EDC - EDC § 22144.3
(a) “Leave of absence” means a period of leave to which a member is entitled that is expressly authorized or required by Chapter 4 (commencing with Section 44800) of Part 25 of Division 3 of Title 2, or Chapter 1 (commencing with Section 87000) or Chapter 3 (commencing with Secti
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Education Code - EDC - EDC § 22144.5
Education Code - EDC - EDC § 22144.5
“Liability gains and losses” means the difference between actual noninvestment related experience and the experience expected based upon a set of noninvestment related actuarial assumptions during the period between two actuarial valuation dates, as determined in accordance with
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Education Code - EDC - EDC § 22145
Education Code - EDC - EDC § 22145
“Local system” means any retirement system, exclusive of this system, in which public school teachers are members, operated by a city, county, or other political subdivision of the state.
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Education Code - EDC - EDC § 22146
Education Code - EDC - EDC § 22146
“Member” means any person, unless excluded under other provisions of this part, who has performed creditable service as defined in Section 22119.5 or 22119.6 and has earned creditable compensation for that service and has not received a refund for that service and, as a result, i
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Education Code - EDC - EDC § 22146.2
Education Code - EDC - EDC § 22146.2
(a) Notwithstanding subdivision (f) of Section 7522.04 of the Government Code, “member subject to the California Public Employees’ Pension Reform Act of 2013” means a person who first becomes employed to perform creditable service subject to coverage under the Defined Benefit Pro
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Education Code - EDC - EDC § 22146.5
Education Code - EDC - EDC § 22146.5
“Membership” means membership in the Defined Benefit Program, except as otherwise specifically provided in this part. The board shall have final authority for determining membership in the system, considering the conditions under which persons may be admitted to and receive benef
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Education Code - EDC - EDC § 22146.7
Education Code - EDC - EDC § 22146.7
“Minimum interest rate” means the annual interest rate determined by the board by plan amendment at which interest shall be credited to Defined Benefit Supplement accounts for a plan year.
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Education Code - EDC - EDC § 22147
Education Code - EDC - EDC § 22147
(a) “Month” means 20 working days or four weeks of five working days each, including legal holidays, with respect to the computation and crediting of service. (b) “Month,” for all other purposes, means a period commencing on any day of a calendar month and extending through the d
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Education Code - EDC - EDC § 22147.5
Education Code - EDC - EDC § 22147.5
“Nonqualified service” means any time during which a member did not perform creditable service subject to coverage by the plan. Nonqualified service shall not include time for which the member is eligible to purchase credit pursuant to Chapter 14 (commencing with Section 22800),
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Education Code - EDC - EDC § 22148
Education Code - EDC - EDC § 22148
“Normal retirement” and “normal retirement age” mean 60 years of age, or 62 years of age for a member subject to the California Public Employees’ Pension Reform Act of 2013, which is the age upon attainment of which the member becomes eligible under the Defined Benefit Program fo
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Education Code - EDC - EDC § 22149
Education Code - EDC - EDC § 22149
(a) “Option beneficiary” means the person or trust designated by a member to receive a retirement allowance under the Defined Benefit Program upon the member’s death. (b) For purposes of this section, “trust” means an irrevocable trust with the following characteristics: (1) The
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Education Code - EDC - EDC § 22150
Education Code - EDC - EDC § 22150
“Other public systems” means any of the following: (a) Old age, survivors, disability, and health insurance program, other than the lump-sum death payment, provided by the Social Security Act (42 U.S.C.A. Sec. 300 and following). (b) The federal civil service retirement program.
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Education Code - EDC - EDC § 22152
Education Code - EDC - EDC § 22152
“Parent” means a natural parent of a member or a parent who adopted the member prior to his or her attainment of 18 years of age or to the member’s marriage, whichever occurs earlier.
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Education Code - EDC - EDC § 22154
Education Code - EDC - EDC § 22154
“Pay period” means a payroll period of not less than four weeks or more than one calendar month.
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Education Code - EDC - EDC § 22155
Education Code - EDC - EDC § 22155
“Payroll” includes registers, warrants, and any other documents upon which the employer identifies persons to whom compensation is paid.
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Education Code - EDC - EDC § 22155.5
Education Code - EDC - EDC § 22155.5
“Plan” means the State Teachers’ Retirement Plan.
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Education Code - EDC - EDC § 22156
Education Code - EDC - EDC § 22156
“Plan vesting,” with respect to benefits payable under the Defined Benefit Program, means the member has met the credited service requirement for receipt of a benefit, and has a right to receive the benefit at a future date provided all other conditions required to receive the be
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Education Code - EDC - EDC § 22156.05
Education Code - EDC - EDC § 22156.05
“Plan year” means the period of time beginning on July 1 of one calendar year and ending on June 30 of the following calendar year. For purposes of the Defined Benefit Supplement Program, the board shall designate by plan amendment the initial plan year.
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Education Code - EDC - EDC § 22156.07
Education Code - EDC - EDC § 22156.07
(a) Except as otherwise provided under this part, “position subject to membership” means the following: (1) A position at a county office of education or school district, not including a charter school, that the governing body of the employer has designated in a resolution adopte