California Education Code

§ 26907

EDC § 26907 Effective Jan 1, 1996Div. 1 · Title 1 · Part 14 · Ch. 10

Statute text

The annuity under this chapter shall be determined as a value actuarially equivalent to the sum of the employee account and the employer account as of the disability date. The annuity shall be calculated using the age of the participant and, if the participant elected a joint and survivor option, the age of the beneficiary on the disability date.

Legislative history

Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.