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Current as of January 01, 2025 | Updated by Findlaw Staff
If a person elects, pursuant to Section 26403, to participate in the Cash Balance Benefit Program, his or her employer shall make contributions, as provided in Section 26503, based on the salary or other compensation paid for trustee service.For a participant subject to the California Public Employees' Pension Reform Act of 2013, other compensation paid for trustee service is subject to the same requirements as “salary” as defined in Section 26139.5.
Cite this article: FindLaw.com - California Code, Education Code - EDC § 26503.5 - last updated January 01, 2025 | https://codes.findlaw.com/ca/education-code/edc-sect-26503-5/
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