§ 25002 Annuitant Reserve Management

Education Code·California

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Key Takeaways

•There's a special account called the Annuitant Reserve for retirement money.
•This account is only used to pay out retirement benefits as annuities.
•When someone is ready to get their retirement money as regular payments, their savings move to this account.

Example

A teacher retires after 30 years and chooses to get monthly payments instead of a lump sum.

The money saved in the teacher's retirement account moves to the Annuitant Reserve, and the teacher starts getting monthly payments from this special account.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 25002 Annuitant Reserve Management

The board shall establish and maintain a segregated account within the retirement fund to be known as the Annuitant Reserve and the board shall have sole authority over the reserve. The Annuitant Reserve shall be used for the payment of annuities under the Defined Benefit Supplement Program. The board shall transfer the balance of credits in a member’s accumulated Defined Benefit Supplement account to the reserve when a benefit is to be paid as an annuity. (Amended (as added by Stats. 2000, Ch. 74) by Stats. 2000, Ch. 1021, Sec. 48. Effective January 1, 2001.)

Last verified: January 23, 2026

Key Terms

Annuitant Reserve Defined Benefit Supplement Program Defined Benefit Supplement

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 25002.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References