Education Code - EDC
TITLE 1 GENERAL EDUCATION CODE PROVISIONS [1. - 32527]
( Title 1 enacted by Stats. 1976, Ch. 1010. ) DIVISION 1 GENERAL EDUCATION CODE PROVISIONS [1. - 32527]
( Division 1 enacted by Stats. 1976, Ch. 1010. ) PART 13. STATE TEACHERS' RETIREMENT SYSTEM [22000 - 25115]
( Part 13 repealed and added by Stats. 1993, Ch. 893, Sec. 2. ) CHAPTER 38. Defined Benefit Supplement Program [25000 - 25025]
( Chapter 38 added by Stats. 2000, Ch. 74, Sec. 69. ) ARTICLE 2. Program Accounts [25001 - 25008.5]
( Article 2 added by Stats. 2000, Ch. 74, Sec. 69. ) 25002.
The board shall establish and maintain a segregated account within the retirement fund to be known as the Annuitant Reserve and the board shall have sole authority over the reserve. The Annuitant Reserve shall be used for the payment of annuities under the Defined Benefit Supplement Program. The board shall transfer the balance of credits in a member’s accumulated Defined Benefit Supplement account to the reserve when a benefit is to be paid as an annuity.
(Amended (as added by Stats. 2000, Ch. 74) by Stats. 2000, Ch. 1021, Sec. 48. Effective January 1, 2001.)