topleft >  Services >  Governance Technology > 

Legal Resources | Education Code |  EC  22956  

Employer contributions not credited to member accounts   

arrow Previous bar Next arrow

Employer and state contributions made to the plan pursuant to this part for service credited under the Defined Benefit Program shall not be credited to the individual member accounts. These contributions shall be held in the reserves of the plan to finance the employers' share of the cost of all benefits payable under the plan with respect to the Defined Benefit Program. Under no circumstances shall these employer and state contributions be allocated or awarded to individual members, their spouses, or beneficiaries.

(Amended by Stats 2000, Ch. 1025, Sec. 23)