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 the amount of his or her accumulated contributions at retirement, to have the balance at death paid to his or her beneficiary or estate.
Cal. Gov. Code § 9361.2
Optional Settlements
Known as the Legislators’ Retirement Law
The act spans §§ 9350–9378 (120 sections).
Amended by Stats. 2002, Ch. 664, Sec. 92.9
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.