§ 26002 Cash Balance Program Administration

Education Code·California

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Key Takeaways

•The Teachers’ Retirement Board is in charge of the Cash Balance Benefit Program.
•They have the same powers and duties as described in other parts of the law (Chapters 3 to 7).
•The board and its workers must follow special rules to take care of the money responsibly (fiduciary duties).

Example

A teacher wants to know who manages their retirement money.

The Teachers’ Retirement Board is responsible for handling the retirement money and must follow rules to keep it safe.

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Official Source

View on CA.gov

§ 26002 Cash Balance Program Administration

The Cash Balance Benefit Program shall be administered by the Teachers’ Retirement Board with all of the powers, responsibilities and duties for administration of the plan set forth in Chapter 3 (commencing with Section 22200) through Chapter 7 (commencing with Section 22375) of Part 13. In administering the plan, the board and its officers and employees of the system shall exercise their fiduciary duties set forth in Chapter 4 (commencing with Section 22250) of Part 13. (Amended by Stats. 1998, Ch. 965, Sec. 230. Effective January 1, 1999.)

Last verified: January 23, 2026

Key Terms

Cash Balance Benefit Program Teachers’ Retirement Board fiduciary duties

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 26002.

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Key Takeaways

Example

Key Terms

Related Statutes

References