TITLE 1. GENERAL EDUCATION CODE PROVISIONS 1-32500›DIVISION 1. GENERAL EDUCATION CODE PROVISIONS 1-32500›PART 14. STATE TEACHERS’ RETIREMENT SYSTEM CASH BENEFIT PROGRAM 26000-28101›CHAPTER 3. Plan Administration 26200-26216

§ 26204

California Education Code · 2018-11 edition · updated 2026-10-04 · California

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 employee account and employer account to the Annuitant Reserve upon election of an annuity by the participant or beneficiary of the participant.

(Amended by Stats. 1998, Ch. 1048, Sec. 28. Effective January 1, 1999.)

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California Education Code

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