Section 21455.  


Latest version.
  • Optional settlement 1 consists of the right to have a retirement allowance paid him or her until his or her death and if he or she dies before he or she receives in annuity payments the amount of his or her accumulated contributions at retirement, to have the balance at death paid to his or her beneficiary or estate.

(Repealed and added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)