California Education Code

§ 24410.5

EDC § 24410.5 Effective Jan 1, 2001Div. 1 · Title 1 · Part 13 · Ch. 29

Statute text

(a)Notwithstanding any provision of this part, including, but not limited to, subdivision (e) of Section 22664, the annual allowance payable on the effective date of this section to a retired member, an option beneficiary, or a surviving spouse receiving an allowance pursuant to either Section 23805 or 23855 shall not be less than the amount identified in the following schedule for the number of years of the member’s credited service under the Defined Benefit Program at the time of the member’s retirement, disability, or death, excluding service credited pursuant to Sections 22714, 22715, 22717, and 22826, after the application of all allowances and allowance increases authorized by this part, including those specified in Sections 24412 and 24415, as those sections read on December 31, 1999, and excluding annuities payable from the accumulated annuity deposit contributions or the accumulated tax-sheltered annuity contributions: 20 years of credited service $15,000 21 years of credited service $15,500 22 years of credited service $16,000 23 years of credited service $16,500 24 years of credited service $17,000 25 years of credited service $17,500 26 years of credited service $18,000 27 years of credited service $18,500 28 years of credited service $19,000 29 years of credited service $19,500 30 years or more of credited service $20,000

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Legislative history

Amended by Stats. 2000, Ch. 1026, Sec. 2. Effective January 1, 2001.