 |
California Law (Last Updated: March 4, 2014) |
 |
Government Code - GOV |
|
Title 2. GOVERNMENT OF THE STATE OF CALIFORNIA |
|
Division 5. PERSONNEL |
|
Part 8. SUPPLEMENTAL CONTRIBUTIONS PROGRAM |
|
Chapter 11. Eligibility for Distribution |
Section 22970.84.
Latest version.
-
(a) Any participant who is entitled to a distribution may elect to receive the distribution in either of the following forms:
(1) A single lump sum payment.
(2) Substantially level installment payments for a period of years that extends no longer than the life expectancy of the participant.
(b) Any beneficiary who is entitled to a distribution may elect to receive the distribution in either of the following forms:
(1) A single lump sum payment.
(2) Substantially level installment payments for a period of years that extends no longer than the life expectancy of the beneficiary.
(Added by Stats. 1999, Ch. 307, Sec. 4. Effective January 1, 2000.)