CHAPTER 3. Plan Administration
Chapter 3 added by Stats. 1995, Ch. 592, Sec. 16.
§§ 26200–26216 · 16 sections
- § 26200 Employee contributions, employer contributions, investment earnings, and any other amounts provided under this part shall be deposited into the Teachers’…
- § 26201 Investment earnings shall be collected by the Treasurer, and together with any other moneys received in connection with the Cash Balance Benefit Program, shall…
- § 26202 (a) The board shall establish a Gain and Loss Reserve within the Teachers’ Retirement Fund for the Cash Balance Benefit Program. The board has sole authority…
- § 26203 The board may amortize any unfunded actuarial obligation in accordance with standards established by the Actuarial Standards Board and Governmental Accounting…
- § 26204 The board shall establish an Annuitant Reserve within the Teachers’ Retirement Fund for the Cash Balance Benefit Program. The board has sole authority to…
- § 26205 The board may transfer amounts between the Gain and Loss Reserve and the Annuitant Reserve upon the recommendation of the actuary.
- § 26206 All administrative costs of the board and system for the plan with respect to the Cash Balance Benefit Program shall be paid from the Teachers’ Retirement Fund.
- § 26207.5 In no event shall the funding of the Cash Balance Benefit Program be a liability of the state or the General Fund, nor shall the General Fund be used to offset…
- § 26208 The board shall establish and maintain records and accounts following recognized accounting principles and controls with respect to the Cash Balance Benefit…
- § 26209 The board may authorize the transfer and disbursement of funds from the Teachers’ Retirement Fund for the purpose of carrying into effect the Cash Balance…
- § 26210 The board has exclusive control of the investment of the Retirement Fund with respect to assets attributed to the Cash Balance Benefit Program. In investing…
- § 26211 The board shall acquire the services of an actuary to: (a) Perform an actuarial investigation of the demographic and economic experience of the Cash Balance…
- § 26212 The board shall maintain all data necessary for the actuarial investigation of the demographic and economic experience of the Cash Balance Benefit Program, and…
- § 26213 The board shall adopt actuarial assumptions, rates, factors and tables necessary to administer the Cash Balance Benefit Program as an amendment to the plan.
- § 26214 (a) Except as provided in subdivision (b), the system shall make available, after the end of the plan year, to each participant having a balance in his or her…
- § 26216 The board may administer the Cash Balance Benefit Program through an agreement with a qualified third-party administrator that shall provide custodial,…