California Education Code CHAPTER 9 - Retirement Benefit

• Section 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...
• Section 26801.
  A participant’s retirement date shall be no earlier than the date on which the participant attains the age of 55 years.(Added by Stats. 1995, Ch....
• Section 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.(Amended by...
• Section 26803.
  (a) All creditable service subject to coverage by the Cash Balance Benefit Program and all service with the participant’s last employer or employers that is creditable...
• Section 26804.
  Application for a retirement benefit under this part shall be made on a form prescribed by the system.(Amended by Stats. 1998, Ch. 965, Sec. 275....
• Section 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...
• Section 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 benefits...
• Section 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...
• Section 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 installments,...
• Section 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 participant who...
• Section 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 as...
• Section 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...
• Section 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 Reserve.(Amended...
• Section 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 program...
• Section 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 (b)...
• Section 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 or accrue...
• Section 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...

Last modified: October 22, 2018