§ 26204 Annuitant Reserve Administration

Education Code·California

AI SummaryVerified

Key Takeaways

•There is a special fund called the Annuitant Reserve for teachers' retirement money.
•The board in charge can move a teacher's saved money into this fund when they choose to get regular payments (annuity).
•The board is the only one who can manage and use this fund to pay out these regular payments.

Example

A teacher retires and wants to get monthly payments instead of a lump sum.

The board can move the teacher's saved money into the Annuitant Reserve to start paying them monthly.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 26204 Annuitant Reserve Administration

The board shall establish an Annuitant Reserve within the Teachers’ Retirement Fund for the Cash Balance Benefit Program. The board has sole authority to administer the Annuitant Reserve for the payment of annuities. The board may transfer the credits from a participant’s employee account and employer account to the Annuitant Reserve upon election of an annuity by the participant or beneficiary of the participant. (Amended by Stats. 1998, Ch. 1048, Sec. 28. Effective January 1, 1999.)

Last verified: January 23, 2026

Key Terms

Annuitant Reserve Cash Balance Benefit Program annuities participant beneficiary

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 26204.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References