§ 26700 Retirement Benefit Vesting Rights

Education Code·California

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Key Takeaways

•Once you join the retirement plan, the money in your account is yours to keep.
•This includes both the money you put in and the money your boss put in for you.
•You get this right as soon as you start being part of the plan.

Example

You start a new job and join the company's retirement plan.

The money you and your boss put into your retirement account is yours right away. Even if you leave the job later, that money stays yours.

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Official Source

View on CA.gov

§ 26700 Retirement Benefit Vesting Rights

A participant has a vested right to a retirement benefit equal in amount to the total balance of credits in his or her employee account and employer account. The right accrues when a person becomes a participant. (Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)

Last verified: January 23, 2026

Key Terms

vested right retirement benefit employee account employer account

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 26700.

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Example

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References

Key Takeaways

Example

Key Terms

Related Statutes

References