Statute · California Government Code
Cal. Gov't Code § 31770.6 — Deferred Retirement Option Program
Cal. Gov't Code § 31770.6
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2004-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Upon adoption of the implementing ordinance, the retirement system shall establish procedures for notifying members of their rights under the program.
Citator
Cal. Gov't Code § 31770.6 — Deferred Retirement Option Program is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Upon adoption of the implementing ordinance, the retirement system shall establish procedures for notifying members of their rights under the program.
(b) Each member, before electing to participate in the program, shall be given written information regarding how benefits under the program would be calculated and a comparison of the member’s anticipated benefits at retirement with and without participation in the program. All members will be advised to seek advice from professional tax and investment advisors before electing to participate in the program.