CHAPTER 2. Definitions [26100. - 26145.]

Chapter 2 added by Stats. 1995, Ch. 592, Sec. 16.

§§ 26100–26145 · 51 sections

• § 26100 Unless otherwise specified, the definitions set forth in this chapter govern the construction of this part.
• § 26101 “Actuarial equivalent” means a benefit that has the same present value as the benefit it replaces based on interest rates and mortality tables recommended by…
• § 26102 “Actuary” means a person professionally trained in the technical and mathematical aspects of insurance, pensions, and related fields who has been appointed by…
• § 26103 “Additional earnings credit” means a percentage determined by the board for a plan year by means of a plan amendment and credited to employee accounts and…
• § 26104 “Administrative costs” means the costs of administering the Cash Balance Benefit Program for the plan year as determined by the board.
• § 26105 “Annuitant Reserve” means the reserve account established by the board within the State Teachers’ Retirement Fund for the payment of monthly annuities with…
• § 26106 “Annuity” means an amount of money payable in monthly installments for a period determined by the option elected by the participant or beneficiary.
• § 26106.5 (a) For purposes of this part, “annuity beneficiary” means the person or trust designated by a participant pursuant to Section 26807, 26807.5, 26906, or…
• § 26107 “Basis of employment” means the standard of time over which the employer expects service to be performed by an employee in the position during the school term.
• § 26108 “Beneficiary” means any person or persons or entity designated by the participant pursuant to this part or otherwise entitled by law to receive the death…
• § 26109 “Board” means the Teachers’ Retirement Board.
• § 26112 “Cash Balance Benefit Program” means the benefit program set forth in this part of the State Teachers’ Retirement Law.
• § 26112.5 (a) “Class of employees” means a number of employees considered as a group because they are employed to perform similar duties, are employed in the same type…
• § 26113 (a) “Creditable service” means any of the activities described in subdivision (b) performed for any of the following employers: (1) A prekindergarten through…
• § 26114 “Death benefit” means the benefit payable under this part upon the death of the participant.
• § 26115 “Defined Benefit Program” means the Defined Benefit Program of the State Teachers’ Retirement Plan as set forth in Part 13 (commencing with Section 22000).
• § 26116 “Disability benefit” means an amount payable under this part for permanent and total disability that is equal to the sum of the participant’s employee account…
• § 26117 “Disability date” means the date the benefit becomes payable to a participant who has applied for a disability benefit from the plan under this part and has…
• § 26118 “Employee” means a person engaged to perform creditable service.
• § 26119 “Employee account” means the nominal account of the participant to which employee contributions and interest and any additional earnings credits in respect…
• § 26120 “Employee contribution rate” means the percentage of the participant’s salary withheld by the employer as an employee contribution under the Cash Balance…
• § 26121 “Employee contribution” means the amount withheld from the participant’s salary by the employer as a contribution by the employee under the Cash Balance…
• § 26122 (a) “Employer” means a school district, community college district, or county office of education that has elected to provide the benefits of this part to…
• § 26123 “Employer account” means the nominal account of the participant in which employer contributions on behalf of the participant and interest and any additional…
• § 26124 “Employer contribution rate” means the percentage of salary that determines the amount the employer contributes to the Cash Balance Benefit Program with…
• § 26125 “Employer contribution” means the amount contributed by the employer to the Cash Balance Benefit Program with respect to the participant.
• § 26126 “Employed” or “employment” means employed to perform creditable service subject to coverage under the Cash Balance Benefit Program.
• § 26127 “Full time equivalent” means the days or hours of creditable service that a person who is employed on a part-time basis would be required to perform in a…
• § 26128 “Fund” means the Teachers’ Retirement Fund.
• § 26129 “Gain and Loss Reserve” means the reserve account established by the board within the fund with respect to the Cash Balance Benefit Program to be drawn upon to…
• § 26130 “Investment earnings” means income received or receivable during the plan year by the plan from investment of employee contributions, employer contributions,…
• § 26131 “Minimum interest rate” means the annual rate determined for the plan year by the board by means of an amendment to the plan with respect to the Cash Balance…
• § 26132 “Participant” means a person who has performed creditable service subject to coverage by the Cash Balance Benefit Program and who has contributions credited…
• § 26132.5 (a) “Participant subject to the California Public Employees’ Pension Reform Act of 2013” means, notwithstanding subdivision (f) of Section 7522.04 of the…
• § 26133 “Pay period” means a payroll period specified by the employer but not more than 31 calendar days.
• § 26134 “Plan” means the State Teachers’ Retirement Plan.
• § 26135 “Plan year” means the calendar, policy, or fiscal year on which the records of the plan are kept, with respect to the Cash Balance Benefit Program. The board…
• § 26135.5 “Public employer” means a public employer as defined by subdivision (i) of Section 7522.04 of the Government Code.
• § 26135.7 (a) “Retired participant activities” means one or more activities identified in subdivision (b), (c), or (d) of Section 22119.5 or (b), (c), or (d) of Section…
• § 26136 “Retirement” means termination of employment and completion of all conditions precedent to receiving a retirement benefit under the Cash Balance Benefit…
• § 26137 “Retirement benefit” means an amount payable under this part in the event of the participant’s retirement for service that is equal to the sum of the…
• § 26138 “Retirement date” means the date the benefit under this part becomes payable to a participant who has applied for a retirement benefit from the plan under this…
• § 26139 (a) “Salary” means remuneration paid in cash by an employer to a participant for creditable service performed in that position subject to coverage under the…
• § 26139.5 (a) “Salary,” for participants subject to the California Public Employees’ Pension Reform Act of 2013, means remuneration paid each pay period in cash by an…
• § 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…
• § 26142 “System” means the State Teachers’ Retirement System.
• § 26142.5 “System’s headquarters office” means the office building established as the permanent headquarters facility for the system, pursuant to Section 22375.
• § 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…
• § 26144 “Total and permanent disability” means any medically determinable physical or mental incapacity that is expected to prevent the participant from performing…
• § 26144.5 “Trustee service” means duties performed by a member of the governing body of an employer.
• § 26145 “Unfunded actuarial obligation” means any negative balance in the Gain and Loss Reserve.