AB 1875 (Chavez) – Special Needs Trusts as Option or Annuity Beneficiaries
Allows CalSTRS Defined Benefit (DB) Program members and Cash Balance (CB) Benefit Program participants to designate a specific type of trust established for a disabled individual (often called a “special needs trust”) to be an option beneficiary or annuity beneficiary and receive a benefit for the duration of the disabled individual’s lifetime.
- Version: Chaptered (Chapter 559, Statutes of 2016)
- Sponsor: Author
- Location: Signed by Governor
- Board Position: Neutral
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