Cal. Education Code § 26600
Cal. Education Code § 26600
California · California Education Code · Status: effective · Effective 1996-01-01
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- Citation
- Cal. Education Code § 26600, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/797923
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Full text
All contributions based on salary earned by a participant, together with amounts credited under the minimum interest rate and additional earnings credit amounts, shall be treated as credits to individual accounts in the name of the participant. These accounts shall be nominal accounts used to determine the amount of retirement benefit, disability benefit, death benefit, or termination benefit of the participant or beneficiary. The participant shall have no actual individual account and shall have no claim to any particular assets of the plan or the fund.