California Education Code 22108 – (a) “Benefit” or “benefits,” with respect to the Defined Benefit …
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(a) “Benefit” or “benefits,” with respect to the Defined Benefit Program, means any monthly payment due a retired member, disabled member, or beneficiary, and includes lump-sum payments due on account of death.
(b) “Benefit” and “benefits,” with respect to the Defined Benefit Supplement Program, means an amount equal to the balance of credits in a member’s Defined Benefit Supplement account.
Terms Used In California Education Code 22108
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
(Amended by Stats. 2000, Ch. 74, Sec. 9. Effective January 1, 2001.)