Optional Settlement 3 consists of the right to have a retirement allowance paid him or her until his or her death, and thereafter to have one-half of his or her retirement allowance paid to his or her beneficiary for life.
Cal. Gov. Code § 9361.4
Optional Settlements
Known as the Legislators’ Retirement Law
The act spans §§ 9350–9378 (120 sections).
Amended by Stats. 2002, Ch. 664, Sec. 93.1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.