§ 26212 Cash Balance Data Maintenance

• •The board must keep track of important information about the Cash Balance Benefit Program.
• •This information includes details about people in the program and money matters.
• •They use this data to check if the program has enough money to pay what it owes.

Imagine a big piggy bank for retirees.

The people in charge must count how many people are using the piggy bank and how much money is going in and out. This helps them make sure there’s enough money for everyone when they retire.