Corpus browser
179663 records-
Open
Education Code - EDC - EDC § 24415.5
Education Code - EDC - EDC § 24415.5
(a) Notwithstanding any other provision of this chapter, the board shall adjust the purchasing power protection benefits payable pursuant to Sections 24415, 24416, and 24417 in accordance with subdivisions (b) and (c) of this section. (b) If the board, in adopting the actuarial p
-
Open
Education Code - EDC - EDC § 24416
Education Code - EDC - EDC § 24416
(a) If the board determines by June 30 of the then current fiscal year that the Supplemental Benefit Maintenance Account will not have sufficient funds to provide purchasing power protection benefits, as established in this chapter, of at least 80 percent for the subsequent fisca
-
Open
Education Code - EDC - EDC § 24417
Education Code - EDC - EDC § 24417
(a) The proceeds of an auxiliary Supplemental Benefit Maintenance Account shall be distributed annually in quarterly supplemental payments, commencing when funds in the Supplemental Benefit Maintenance Account are insufficient to support 85 percent, to retired members, disabled m
-
Open
Education Code - EDC - EDC § 24500
Education Code - EDC - EDC § 24500
If a disability retirement allowance, disability allowance, family allowance, or survivor benefit allowance is payable under this part due to the injury to or death of a member and the injury or death is the proximate consequence of the act of a third person or entity, other than
-
Open
Education Code - EDC - EDC § 24501
Education Code - EDC - EDC § 24501
The board may act on its own or contract with the State Compensation Insurance Fund or Attorney General for recovery on behalf of the plan of any amounts recoverable from third persons under this chapter, Chapter 5 (commencing with Section 3850) of Part 1 of Division 4 of the Lab
-
Open
Education Code - EDC - EDC § 24502
Education Code - EDC - EDC § 24502
In the exercise of its rights under this part, the board or the agent under contract may commence or prosecute actions, file liens, intervene in court proceedings, join parties to the action and consolidate actions all in the same manner and to the same extent provided in Chapter
-
Open
Education Code - EDC - EDC § 24503
Education Code - EDC - EDC § 24503
The board may compromise claims before or after commencement of suit or entry of judgment for an amount as may be approved by a person duly authorized by the board for that purpose.
-
Open
Education Code - EDC - EDC § 24504
Education Code - EDC - EDC § 24504
Any amount recovered by way of subrogation by the board on behalf of the member, shall be applied first to the amount which the plan paid or is obligated to pay including court costs, attorney fees, and expenses.
-
Open
Education Code - EDC - EDC § 24505
Education Code - EDC - EDC § 24505
Actions brought by the board or its agent under contract pursuant to this chapter shall be commenced within three years after the liability of the system to pay benefits under the plan is fixed. Liability of the plan is fixed at the time the board approves the payment of benefits
-
Open
Education Code - EDC - EDC § 24600
Education Code - EDC - EDC § 24600
(a) A retirement allowance under this part begins to accrue on the effective date of the member’s retirement and ceases on the earlier of the day of the member’s death or the day on which the retirement allowance is terminated for a reason other than the member’s death. (b) A ret
-
Open
Education Code - EDC - EDC § 24601
Education Code - EDC - EDC § 24601
Whenever the system determines that payments in the correct amount due cannot be made when payable because required information or documentation is not yet on file in the system, payment of estimated allowances based on preliminary information in the possession of the system may
-
Open
Education Code - EDC - EDC § 24602
Education Code - EDC - EDC § 24602
The board may establish a special account and procedures to pay, on an emergency basis, allowances, death payments, and up to 75 percent of the return of the balance of the accumulated retirement contributions as a result of termination of employment or death. Disbursements under
-
Open
Education Code - EDC - EDC § 24603
Education Code - EDC - EDC § 24603
If any estimated allowances under this part are more or less than the correct amount due, the difference between the correct amount and the estimated allowance shall be adjusted in subsequent payments or the Controller may state an account with the retired member, disabled member
-
Open
Education Code - EDC - EDC § 24604
Education Code - EDC - EDC § 24604
(a) A member, nonmember spouse, or beneficiary under this part shall specify whether monthly benefit payments are to be disbursed by one of the following: (1) Direct deposit (electronic funds transfer). (2) Direct mail to a financial or other institution. (3) Mailing to a payment
-
Open
Education Code - EDC - EDC § 24605
Education Code - EDC - EDC § 24605
Upon receipt of proof satisfactory to the board, that a warrant drawn in payment of a retirement allowance or in payment of any other account due from the plan under this part, has been lost or that payment transmitted electronically cannot be credited to an account, the Controll
-
Open
Education Code - EDC - EDC § 24606
Education Code - EDC - EDC § 24606
(a) If any payment of contributions or accumulated contributions or benefits under this plan remains unclaimed and, after a good faith effort, the legal claimant cannot be found, the board shall redeposit the proceeds in the retirement fund, and shall hold the proceeds for the le
-
Open
Education Code - EDC - EDC § 24607
Education Code - EDC - EDC § 24607
Any warrant in an amount less than two thousand dollars ($2,000) paid by the system under this part, for the month in which a retired member or disabled member dies, shall not be invalidated by the system, except upon the request of the beneficiary of the retired member or disabl
-
Open
Education Code - EDC - EDC § 24608
Education Code - EDC - EDC § 24608
(a) Persons entitled to receive allowances under the plan under this part may authorize deductions to be made from those allowances, in accordance with procedures established by the board. (b) The board shall determine the additional cost involved in making deductions under this
-
Open
Education Code - EDC - EDC § 24609
Education Code - EDC - EDC § 24609
Any allowance payable under this part to a retired member, that has accrued and remains unpaid at the time of his or her death, shall be paid to either of the following: (a) The option beneficiary entitled to payment in accordance with an option elected by the member. (b) The ben
-
Open
Education Code - EDC - EDC § 24610
Education Code - EDC - EDC § 24610
Any disability allowance under this part that has accrued and remains unpaid to a disabled member at the time of death shall be paid to the person entitled to receive a family allowance under this part or, if none, to the beneficiary entitled to receive the death payment under th
-
Open
Education Code - EDC - EDC § 24611
Education Code - EDC - EDC § 24611
Part 5 (commencing with Section 220) of Division 2 of the Probate Code, when applicable, shall govern the distribution of the proceeds of any death benefit payable under this part. In applying Part 5 (commencing with Section 220) of Division 2 of the Probate Code with respect to
-
Open
Education Code - EDC - EDC § 24612
Education Code - EDC - EDC § 24612
(a) If any person entitled to a benefit from the plan under this part is a minor who has no guardian of his or her estate, the benefit, not to exceed two thousand dollars ($2,000), may be paid to the person entitled to the custody of the minor to hold for the minor, upon the writ
-
Open
Education Code - EDC - EDC § 24613
Education Code - EDC - EDC § 24613
(a) Payment pursuant to the board’s determination in good faith of the existence, identity, or other facts relating to entitlement of persons under this part constitutes a complete discharge and release of the board, system, and plan from liability for that payment. (b) Notwithst
-
Open
Education Code - EDC - EDC § 24613.5
Education Code - EDC - EDC § 24613.5
The board shall not be required to determine the powers of a trustee or the validity of a trust or of any of the terms of a trust that is elected as a beneficiary, option beneficiary, or other payee under the plan. Such a determination by the board shall not be inferred from the
-
Open
Education Code - EDC - EDC § 24614
Education Code - EDC - EDC § 24614
(a) This section shall only be applicable to a district retirement salary plan in a unified district presently having an average daily attendance of less than 200,000 pupils and which was discontinued by the governing board of the district. (b) The district shall continue to pay