In lieu of the retirement allowance for his life alone, a member or retired member may elect, or revoke or change a previous election, to have the actuarial equivalent of his retirement allowance as of the date of retirement applied to a lesser retirement allowance, in accordance with one of the optional settlements specified in this article.
Cal. Gov. Code § 9361
Optional Settlements
Known as the Legislators’ Retirement Law
The act spans §§ 9350–9378 (120 sections).
Applied in 1 court decision — leading case 4 Cal. App. 4th 682 - Walsh v. Board of Administration of Public Employees' Retirement System (1992)
Most recently applied in 4 Cal. App. 4th 682 - Walsh v. Board of Administration of Public Employees' Retirement System (March 1992)
Amended by Stats. 1957, Ch. 1871.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.