California Education Code

§ 26810

EDC § 26810 Effective Jan 1, 2021Div. 1 · Title 1 · Part 14 · Ch. 9

Statute text

(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 may terminate the annuity upon written request to the system, effective upon a date designated by the participant, and make contributions to the program based on salary paid by the employer for the employment, subject to the following conditions:

(1)The request for termination of the annuity is filed on a form prescribed by the system, and the form is executed no earlier than six months before the effective date of the termination.

(2)The effective date of the termination of the annuity shall be no earlier than the first day of the month in which the request for termination is received in the system’s headquarters office.

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Legislative history

Amended by Stats. 2020, Ch. 275, Sec. 22. (AB 2101) Effective January 1, 2021.