§ 26809 Annuity Account Transfer Rules

Education Code·California

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Key Takeaways

•When you choose to get regular payments (annuity) from your retirement account, your money moves to a special reserve.
•This includes both the money you put in and the money your boss put in for you.
•Once moved, this money is used to pay you your regular payments over time.

Example

You retire and decide to get monthly payments instead of a big lump sum.

All the money saved in your retirement account (yours and your employer's) gets moved to a special place so you can get paid a little every month.

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Official Source

View on CA.gov

§ 26809 Annuity Account Transfer Rules

Upon election of an annuity under this part, the credits in the participant’s employee account and employer account shall be transferred to the Annuitant Reserve. (Amended by Stats. 1998, Ch. 965, Sec. 279. Effective January 1, 1999.)

Last verified: January 23, 2026

Key Terms

annuity Annuitant Reserve employee account employer account

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 26809.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References