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HomeEducation CodeCh. 10§ 26908 Annuity Account Transfer Rules

§ 26908 Annuity Account Transfer Rules

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

§ 26908 Annuity Account Transfer Rules

Key Takeaways

  • •If you choose to get regular payments (annuity) from your retirement account, your money moves to a special reserve.
  • •This includes both the money you put in and the money your boss put in for you.
  • •Once the money is moved, it’s used to pay you over time instead of all at once.

Example

You retire and decide to get monthly payments instead of a big lump sum.

Your retirement savings (your money and your employer’s contributions) get moved to a special account to pay you every month.

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

Official Source
View on CA.gov

§ 26908 Annuity Account Transfer Rules

Upon election of an annuity under this part, the credits in the participant’s employee account and employer account shall be transferred to the Annuitant Reserve. (Amended by Stats. 1998, Ch. 965, Sec. 288. Effective January 1, 1999.)

Last verified: January 23, 2026

Key Terms

annuityAnnuitant Reserveemployee accountemployer account

Related Statutes

  • § 26907 Disability Annuity Calculation Rules
  • § 26809 Annuity Account Transfer Rules
  • § 27006 Beneficiary Annuity Death Benefit
  • § 26904 Permanent Disability Benefit Calculation
  • § 27002 Participant Death Benefit Calculation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 26908.
View Official Source