LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeEducation CodeDiv. 1Pt. 13Ch. 38Art. 2§ 25004 Defined Benefit Supplement Accounts

§ 25004 Defined Benefit Supplement Accounts

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 25004 Defined Benefit Supplement Accounts

Key Takeaways

  • •This law is about a special retirement savings account called the 'Defined Benefit Supplement Program'.
  • •The money in this account comes from you and your boss, plus some extra money it earns over time.
  • •When you stop working, the amount in this account is what you get from the program.
  • •You don’t own any specific stuff in the account, just the total amount of money.

Example

Imagine you have a piggy bank at work. You put in $10 every month, and your boss puts in $10 too. Over time, the bank adds a little extra money to your piggy bank.

When you leave your job, you get all the money in the piggy bank, but you don’t get to pick which coins or bills you want—just the total amount.

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

Official Source
View on CA.gov

§ 25004 Defined Benefit Supplement Accounts

Member accounts under the Defined Benefit Supplement Program shall be nominal accounts. Member contributions and employer contributions on behalf of the member that are specifically identified as creditable to the Defined Benefit Supplement Program shall be treated as credits to the member’s Defined Benefit Supplement account, together with interest credited at the minimum interest rate and additional earnings credit thereon. The balance of credits in a member’s account shall determine the amount to which the member is entitled under the Defined Benefit Supplement Program upon termination of employment subject to coverage by the plan. The member shall not have a right or claim to any specific assets of the account, program, plan, or retirement fund. (Added by Stats. 2000, Ch. 74, Sec. 69. Effective January 1, 2001.)

Last verified: January 23, 2026

Key Terms

Defined Benefit Supplement Programnominal accountsminimum interest rateadditional earnings credit

Related Statutes

  • § 25000.5 Defined Benefit Supplement Rules
  • § 25006 Additional Earnings Credit Declaration
  • § 25007 Additional Annuity Credit Declaration
  • § 25002 Annuitant Reserve Management
  • § 25005 Defined Benefit Supplement Interest Rates

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 25004.
View Official Source