California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 2. GOVERNMENT OF THE STATE OF CALIFORNIA |
Division 5. PERSONNEL |
Part 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM |
Chapter 13. Retirement Benefits |
ARTICLE 1. General Provisions |
Section 21251.
Latest version.
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Notwithstanding Section 20172, the board may establish a special account and procedure to directly pay estimated benefits on an emergency basis. Payments under the special account shall be deducted from benefits otherwise due and payable under this part.
The board shall furnish each recipient of funds from this account with notice that the payment is an estimated amount and that any adjustments necessary due to inaccuracies in estimating shall be corrected as soon as practicable.
(Repealed and added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)