Statute · California Government Code
Cal. Gov't Code § 22960.89 — Benefits
Cal. Gov't Code § 22960.89
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 1998-09-25
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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:
Citator
Cal. Gov't Code § 22960.89 — Benefits is in force in the current edition of the Code, and nothing recorded condemns it.
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.