Statute · California Government Code
Cal. Gov't Code § 31778 — Deferred Retirement Option Program
Cal. Gov't Code § 31778
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2004-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The provisions of this section through those of Section 31778.2, inclusive, shall be referred to collectively as the “backward DROP provisions.” A member who retires on or after the effective date of the program may elect upon application for service or disability retirement, on a form…
Citator
Cal. Gov't Code § 31778 — Deferred Retirement Option Program is in force in the current edition of the Code, and nothing recorded condemns it.
The provisions of this section through those of Section 31778.2, inclusive, shall be referred to collectively as the “backward DROP provisions.” A member who retires on or after the effective date of the program may elect upon application for service or disability retirement, on a form prescribed by the board, to receive:
(a) A backward DROP payment calculated under Section 3l778.1.
(b) A monthly retirement allowance calculated as if the member had retired on the deferred retirement calculation date, except that the retirement formula applicable to the member’s service as of the election date shall be used to calculate the amount of the member’s monthly retirement allowance.