Examples of Cash Balance in a sentence
The District will offer the STRS Cash Balance Program as an optional benefit to all part-time faculty in lieu of participation in Social Security and/or the regular STRS defined benefit retirement plan.
Beginning Cash Balance on Hand July 1, 2020, (CashSum 4, All Funds), cannot be negative.
A member or beneficiary is: (1) any teacher or other certificated staff member in a California school district kindergarten through community college who is active or retired from such a position; (2) a member of the Cash Balance Program; (3) a member of the Defined Benefits Program; or (4) someone who is a survivor of someone who retired from such a position.
New employees who do not make a selection during initial employment sign-up shall default to the STRS Cash Balance Program.
The parties recognize that the STRS Cash Balance Program calls for a payroll contribution of 4% of regular salary from the employee and 4% from the District as the employer contribution.