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Section 22105 Of Chapter 2. Definitions From California Education Code >> Division 1. >> Title 1. >> Part 13. >> Chapter 2.
22105
. (a) "Annuity," with respect to the Defined Benefit Program,
means payments for life derived from the "accumulated annuity deposit
contributions" of a member.
(b) "Annuity," with respect to the Defined Benefit Supplement Program, means an alternative payment arrangement wherein a benefit based on the balance of credits in a member's Defined Benefit Supplement account is paid monthly rather than in a lump-sum.
(b) "Annuity," with respect to the Defined Benefit Supplement Program, means an alternative payment arrangement wherein a benefit based on the balance of credits in a member's Defined Benefit Supplement account is paid monthly rather than in a lump-sum.
