§ 26206 Cash Balance Program Costs

• •The money to run the Cash Balance Benefit Program comes from the Teachers’ Retirement Fund.
• •This includes all the costs for managing and running the program.
• •This rule has been in place since January 1, 1999.

Imagine your school needs money to pay for the people who manage the teachers' retirement savings.

The money for these costs doesn’t come from somewhere else—it comes from the Teachers’ Retirement Fund, which is like a big savings account for teachers.