The right of a person to a pension, retirement allowance, return of contributions, the pension, retirement allowance, any optional benefit, or any other right accrued or accruing to any person under this part are exempt from taxation, including any inheritance tax, whether state, county, municipal, or district.
Cal. Gov. Code § 21254
General Provisions
Known as the Public Employees’ Retirement Law
The act spans §§ 20000–21716 (1,037 sections).
Repealed and added by Stats. 1995, Ch. 379, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.