California § 22960.89. 22960.89. (Added by Stats. 1998, Ch. 820, Sec. 11.)

California Statutes

§ 22960.89. — 22960.89. (Added by Stats. 1998, Ch. 820, Sec. 11.)

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. 11. CHAPTER 11. Benefits

Any participant who is entitled to a distribution for retirement or disability 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.

(d)A joint and survivor annuity for the lifetimes of the participant and the participant’s option beneficiary.

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Any participant who is entitled to a distribution for retirement or disability 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.
(d)
A joint and survivor annuity for the lifetimes of the participant and the participant’s option beneficiary.

California § 22960.89. (22960.89. (Added by Stats. 1998, Ch. 820, Sec. 11.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.