Optional Settlement 4 consists of such other benefits as are the actuarial equivalent of his retirement allowance, that he may select subject to the approval of the board.
Cal. Gov. Code § 9361.5
Optional Settlements
Known as the Legislators’ Retirement Law
The act spans §§ 9350 to 9378 (120 sections).
Added by Stats. 1947, Ch. 879.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.