§ 25000.5. — 25000.5. (Amended (as added by Stats. 2000, Ch. 74) by Stats. 2000, Ch. 1021, Sec. 46.)

California § 25000.5.

• Jurisdiction: California
• Code EDC: Education Code - EDC
• Div.: 1.
• Title 1.: DIVISION 1. GENERAL EDUCATION CODE PROVISIONS
• Part 13.: PART 13. STATE TEACHERS' RETIREMENT SYSTEM
• Ch. 38.: CHAPTER 38. Defined Benefit Supplement Program
• Art. 1.: ARTICLE 1. General Provisions

Text

The design and administration of the Defined Benefit Supplement Program shall comply with the applicable provisions of the Internal Revenue Code and the Revenue and Taxation Code. The board may amend the plan with respect to the Defined Benefit Supplement Program to do any of the following:
(a)
Comply with applicable federal law and regulations to the extent permitted by law.
(b)
Adopt or amend actuarial assumptions.
(c)
Designate the initial plan year.
(d)
Declare the annual the minimum interest rate.
(e)
Declare an additional earnings credit.
(f)
Declare an additional annuity credit.

Legislative History

Amended (as added by Stats. 2000, Ch. 74) by Stats. 2000, Ch. 1021, Sec. 46. Effective January 1, 2001.