CHAPTER 38. Defined Benefit Supplement Program

Chapter 38 added by Stats. 2000, Ch. 74, Sec. 69.

§§ 25000–25025 · 39 sections

1. ARTICLE 1. General Provisions §§ 25000–25000.9 · 4 sections

   • § 25000 The Defined Benefit Supplement Program is hereby established to provide supplemental benefits for members of the Defined Benefit Program. The Teachers’…
   • § 25000.5 The design and administration of the Defined Benefit Supplement Program shall comply with the applicable provisions of the Internal Revenue Code and the…
   • § 25000.7 (a) A member shall have a vested right to a benefit under the Defined Benefit Supplement Program in an amount equal to the balance of credits in the member’s…
   • § 25000.9 (a) For purposes of this chapter and Section 23300, “nonmember spouse” means a member’s spouse or former spouse who is being or has been awarded a community…
2. ARTICLE 2. Program Accounts §§ 25001–25008.5 · 9 sections

   • § 25001 (a) The board shall establish a segregated account within the retirement fund to be known as the Gain and Loss Reserve, and the board shall have sole authority…
   • § 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…
   • § 25003 The board may transfer amounts between the Gain and Loss Reserve and the Annuitant Reserve upon the recommendation of the actuary.
   • § 25004 Member accounts under the Defined Benefit Supplement Program shall be nominal accounts. Member contributions and employer contributions on behalf of the member…
   • § 25005 (a) Prior to July 1 of the initial plan year, and prior to the beginning of each plan year thereafter, the board shall adopt a plan amendment with respect to…
   • § 25006 (a) The board may declare an additional earnings credit to be applied to Defined Benefit Supplement accounts for a plan year. Prior to declaring an additional…
   • § 25007 When the board declares an additional earnings credit for a plan year, the board also may declare by plan amendment an additional annuity credit, for members…
   • § 25008 A member’s right to an amount equal to the member’s Defined Benefit Supplement account balance shall be vested at the time contributions are initially credited…
   • § 25008.5 Notwithstanding any other law, if (a) a member or beneficiary whose effective date for a benefit received pursuant to any other chapter of this part was prior…
3. ARTICLE 3. Retirement Benefits §§ 25009–25011.6 · 6 sections

   • § 25009 (a) A member’s retirement benefit under the Defined Benefit Supplement Program shall be an amount equal to the balance of credits in the member’s Defined…
   • § 25010 (a) A member who meets the following eligibility requirements shall receive a retirement benefit under the Defined Benefit Supplement Program: (1) The member…
   • § 25011 (a) A member or nonmember spouse may elect to receive the retirement benefit as an annuity payable in monthly installments, provided the balance of credits in…
   • § 25011.1 (a) A member may elect to receive the retirement benefit as an annuity payable in monthly installments, provided the balance of credits in the member’s Defined…
   • § 25011.5 (a) A member who retired and elected an annuity pursuant to Section 25011 may elect to change annuities, subject to all of the following: (1) A member who…
   • § 25011.6 (a) A member who retired and elected a beneficiary annuity pursuant to Section 25011.1 with his or her same-sex spouse or same-sex former spouse designated as…
4. ARTICLE 4. Annuities §§ 25012–25015 · 4 sections

   • § 25012 (a) Except as provided in subdivision (b), an annuity payable under the Defined Benefit Supplement Program shall be determined as a value actuarially…
   • § 25013 Upon election by the member to receive a benefit payable under the Defined Benefit Supplement Program in the form of an annuity, the balance of credits in the…
   • § 25014 (a) If a member reinstates from service retirement under this part, payment of a retirement annuity based on the balance of credits that was transferred from…
   • § 25015 (a) If a member elects to receive a benefit payable under the Defined Benefit Supplement Program as a joint and survivor annuity, the designation of the…
5. ARTICLE 5. Disability Benefits §§ 25016–25019 · 8 sections

   • § 25016 (a) A member’s disability benefit under the Defined Benefit Supplement Program shall be an amount equal to the balance of credits in the member’s Defined…
   • § 25017 (a) A member shall receive a disability benefit under the Defined Benefit Supplement Program beginning on the effective date of the member’s disability…
   • § 25018 (a) A member may elect to receive the disability benefit as an annuity, payable in monthly installments, provided the balance of credits in the member’s…
   • § 25018.1 (a) A member may elect to receive the disability benefit as an annuity, payable in monthly installments, provided the balance of credits in the member’s…
   • § 25018.2 (a) A member who is disabled and elected an annuity pursuant to Section 25018 may elect to change annuities, subject to all of the following: (1) A member who…
   • § 25018.5 When a disabled member returns to work in his or her former position of employment or in a comparable level position and within six months of return…
   • § 25018.6 (a) A member receiving a disability retirement allowance who elected a beneficiary annuity pursuant to Section 25018.1 with a same-sex spouse or same-sex…
   • § 25019 (a) If a member’s disability allowance or disability retirement allowance under this part is terminated, payment of a disability annuity based on the balance…
6. ARTICLE 6. Final Benefits §§ 25020–25023 · 5 sections

   • § 25020 (a) A final benefit under the Defined Benefit Supplement Program shall become payable when the system receives proof of the member’s death. For a member who…
   • § 25021 (a) A beneficiary, other than an entity, may elect to receive the final benefit payable under the Defined Benefit Supplement Program as an annuity payable in…
   • § 25022 (a) If the death of a member occurs while the member is receiving an annuity under the Defined Benefit Supplement Program, the final benefit shall be payable…
   • § 25022.5 (a) If the death of a nonmember spouse occurs while the nonmember spouse is receiving an annuity under the Defined Benefit Supplement Program, the final…
   • § 25023 (a) Upon the death of an annuity beneficiary who was receiving an annuity under a joint and survivor annuity elected by the member no further payment shall be…
7. ARTICLE 7. Termination Benefits §§ 25024–25025 · 3 sections

   • § 25024 (a) Upon the termination of all employment to perform creditable service subject to coverage under the plan for a reason other than retirement, disability, or…
   • § 25024.5 A member who is reemployed and again performs creditable service subject to coverage under the plan may not receive a termination benefit under this part if…
   • § 25025 (a) A termination benefit under the Defined Benefit Supplement Program shall be payable after 180 calendar days have elapsed following the date the member…