California Education Code CHAPTER 3 - Plan Administration

• Section 26200.
  Employee contributions, employer contributions, investment earnings, and any other amounts provided under this part shall be deposited into the Teachers’ Retirement Fund. Disbursement of money...
• Section 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 be...
• Section 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...
• Section 26203.
  The board may amortize any unfunded actuarial obligation in accordance with standards established by the Actuarial Standards Board and Governmental Accounting Standards Board.(Added by Stats....
• Section 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 administer...
• Section 26205.
  The board may transfer amounts between the Gain and Loss Reserve and the Annuitant Reserve upon the recommendation of the actuary.(Added by Stats. 1995, Ch....
• Section 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’...
• Section 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...
• Section 26208.
  The board shall establish and maintain records and accounts following recognized accounting principles and controls with respect to the Cash Balance Benefit Program.(Amended by Stats....
• Section 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...
• Section 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...
• Section 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 Benefit Program...
• Section 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 for...
• Section 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.(Amended by...
• Section 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...
• Section 26216.
  The board may administer the Cash Balance Benefit Program through an agreement with a qualified third-party administrator that shall provide custodial, recordkeeping, or other administrative...

Last modified: October 22, 2018