Cal. Gov. Code § 21455
Optional Settlements Prior to January 1, 2018
Redline — January 1, 2011 → current.View current text →
Current — January 1, 2017
As of January 1, 2011
Optional settlement 1 consists of the right to have a retirement allowance paid him or her until his or her death and if he or she dies before he or she receives in annuity payments the amount of his or her accumulated contributions at retirement, to have the balance at death paid to his or her beneficiary or estate.
Optional settlement 1 consists of the right to have a retirement allowance paid to the member until his or her death and if the member dies before he or she receives in annuity payments the amount of his or her accumulated contributions at retirement, to have the balance at death paid to his or her beneficiary or estate.
This section shall apply to any member who retires on or before December 31, 2017.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.