§ 22960.79. — 22960.79. (Added by Stats. 1998, Ch. 820, Sec. 11.)

California § 22960.79.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Div.: 5.
• Title 2.: DIVISION 5. PERSONNEL
• Part 7.: PART 7. STATE PEACE OFFICERS' AND FIREFIGHTERS' DEFINED CONTRIBUTION PLAN
• Ch. 9.: CHAPTER 9. Community Property

Text

A nonparticipant spouse who is entitled to a distribution for retirement that equals or exceeds five thousand dollars ($5,000), may elect to receive the distribution in one of the following forms:
(a)
A single lump-sum payment.
(b)
Substantially level installment payments for a period of years that extends no longer than the life expectancy of the participant.
(c)
A single life annuity.

Legislative History

Added by Stats. 1998, Ch. 820, Sec. 11. Effective September 25, 1998.