CHAPTER 9. Retirement Benefit
Chapter 9 added by Stats. 1995, Ch. 592, Sec. 16.
§§ 26800–26813 · 17 sections
- § 26800 The normal retirement age for the Cash Balance Benefit Program is 60 years of age, or 62 years of age for a participant subject to the California Public…
- § 26801 Except as provided under Section 26802, a participant’s retirement date shall not be earlier than either the date on which the participant attains 55 years of…
- § 26802 Distribution of the retirement benefit under this part shall commence no later than the required beginning date specified in subdivision (c) of Section 26004.
- § 26803 (a) All creditable service subject to coverage by the Cash Balance Benefit Program and the Defined Benefit Program, which does not include retired member…
- § 26804 Application for a retirement benefit under this part shall be made on a form prescribed by the system. A participant who files an application for a retirement…
- § 26805 The retirement benefit under this part is a benefit payable in the event of retirement that is an amount equal to the sum of the employee account and the…
- § 26806 (a) The normal form of retirement benefit under this part is a lump-sum payment. Upon distribution of the lump-sum payment to the participant, no further…
- § 26807 (a) Upon application for a retirement benefit under this part, the participant may elect to receive the retirement benefit in the form of an annuity, provided…
- § 26807.5 (a) Upon application for a retirement benefit under this part, the participant may elect to receive the retirement benefit as an annuity payable in monthly…
- § 26807.6 (a) A participant who retired and elected an annuity pursuant to Section 26807 may elect to change annuities, subject to all of the following: (1) A…
- § 26807.7 (a) A participant who retired and elected a beneficiary annuity pursuant to Section 26807.5 and designated his or her same-sex spouse or same-sex former spouse…
- § 26808 (a) The annuity elected under this chapter shall be determined as a value actuarially equivalent to the sum of the employee account and the employer account as…
- § 26809 Upon election of an annuity under this part, the credits in the participant’s employee account and employer account shall be transferred to the Annuitant…
- § 26810 (a) A participant who is employed to perform creditable service subject to coverage by the Cash Balance Benefit Program while receiving an annuity under the…
- § 26811 (a) Except as provided in subdivision (b), the annuity beneficiary under the joint and survivor annuity elected pursuant to paragraph (3) or (4) of subdivision…
- § 26812 (a) A participant retired for service under this part may perform retired participant activities, but the participant shall not make contributions to the plan… see note
- § 26813 A member retired for service under the Defined Benefit Program may perform retired participant activities in any one school year up to the limitation specified…