Cal. EDC § 25002
This is the official text of Cal. EDC § 25002, part of California’s Education Code — governs public schools, community colleges, and universities in California.
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Official statutory text
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 authority over the reserve. The Annuitant Reserve shall be used for the payment of annuities under the Defined Benefit Supplement Program. The board shall transfer the balance of credits in a member’s accumulated Defined Benefit Supplement account to the reserve when a benefit is to be paid as an annuity.
Status: in_force · Read it on the official government site
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