§ 26205 Reserve Fund Transfer Authority

• •The board can move money between two special funds: the Gain and Loss Reserve and the Annuitant Reserve.
• •They can only do this if an actuary (a money expert) says it's a good idea.
• •This rule has been around since 1996.

Imagine you have two piggy banks: one for extra money (Gain and Loss Reserve) and one for paying out allowances (Annuitant Reserve).

If the money expert (actuary) says it's okay, the board can move money from one piggy bank to the other to make sure there's enough money where it's needed.