§ 26137 Retirement Benefit Definition

• •Retirement benefit is the money you get when you retire.
• •This money comes from two places: your account and your boss's account.
• •The total amount is what you get when you add both accounts together.
• •You get this money in a way that follows the rules in Sections 26806, 26807, or 26807.5.

Imagine you have a piggy bank where you save money for when you stop working. Your boss also has a piggy bank for you. When you retire, you get all the money from both piggy banks.

The law says that when you retire, you get the money from your account and your boss's account added together. This is your retirement money.