ARTICLE 2. Program Accounts

Article 2 added by Stats. 2000, Ch. 74, Sec. 69.

§§ 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…