California Education Code

§ 22105

EDC § 22105 Effective Jan 1, 2001Div. 1 · Title 1 · Part 13 · Ch. 2

Statute text

(a)“Annuity,” with respect to the Defined Benefit Program, means payments for life derived from the “accumulated annuity deposit contributions” of a member.

(b)“Annuity,” with respect to the Defined Benefit Supplement Program, means an alternative payment arrangement wherein a benefit based on the balance of credits in a member’s Defined Benefit Supplement account is paid monthly rather than in a lump-sum.

Legislative history

Amended by Stats. 2000, Ch. 74, Sec. 6. Effective January 1, 2001.