§ 26119 Employee Account Definition

• •This law talks about a special account for workers called an 'employee account'.
• •The account holds money that the worker puts in, plus any extra money it earns over time.
• •This is part of a program called the 'Cash Balance Benefit Program'.
• •The law was updated in 1998 and started being used in 1999.

Imagine you have a piggy bank at work where you put some of your money every month.

This law says that piggy bank is your 'employee account'. The money you put in can grow over time, like when you add coins and they pile up. This piggy bank is part of a special program at work that helps you save money.