CHAPTER 7. Employee and Employer Accounts [26600. - 26607.]

Chapter 7 added by Stats. 1995, Ch. 592, Sec. 16.

§§ 26600–26607 · 8 sections

• § 26600 All contributions based on salary earned by a participant, together with amounts credited under the minimum interest rate and additional earnings credit…
• § 26601 All employee contributions and interest credited under the minimum interest rate and additional earnings credits in respect of those contributions shall be…
• § 26602 All employer contributions on behalf of the participant and interest credited under the minimum interest rate and additional earnings credits in respect of…
• § 26603 (a) All employee contributions shall be credited to employee accounts and all employer contributions shall be credited to employer accounts effective as of the…
• § 26604 (a) Beginning June 1, 1996, prior to the Cash Balance Plan becoming effective, and prior to the beginning of each plan year thereafter, the board, by plan…
• § 26605 In the event that the total amount of investment earnings of the plan for any plan year exceeds the sum of the total amount required to credit all employee and…
• § 26606 Any additional earnings credit declared shall be determined as a specified percentage increase in the closing balance of each employee account and employer…
• § 26607 (a) The board may declare by means of plan amendment with respect to the Cash Balance Benefit Program an additional annuity credit applicable to annuities…