Upon retirement for service, the member who filed a preretirement election of an option under Section 24307 shall have his or her allowance modified by the greater of the option factor as of the effective date of the preretirement election, or the option factor at the time the member’s retirement became effective.
Cal. Educ. Code § 24307.5
Options
Known as the E. Richard Barnes Act
The act spans §§ 22000–25115 (716 sections).
Added by Stats. 1998, Ch. 349, Sec. 8
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.