California Education Code

§ 26812

EDC § 26812 Effective Jan 1, 2024Div. 1 · Title 1 · Part 14 · Ch. 9

Statute text

(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 service credit under the Defined Benefit Program based on compensation earned from that service. The employer shall maintain accurate records of the earnings of the retired participant and report those earnings monthly to the system and retired participant.

(b)If a participant is retired for service under this part, the annualized rate of pay for retired participant activities performed by that participant shall not be less than the minimum, nor exceed the maximum, paid by the employer to other employees performing comparable duties.

(c)A participant retired for service under this part shall not be required to reinstate for performing retired participant activities.

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Legislative history

Amended by Stats. 2023, Ch. 885, Sec. 6. (SB 765) Effective January 1, 2024. Inoperative on July 1, 2024, and will resume operation on July 1, 2026, by its own provisions. See later operative version added by Sec. 7 of Stats. 2023, Ch. 885.