Gov. Code, § 22960.85 · Chapter 11. Benefits
Gov. Code, § 22960.85
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Upon separation from all service for the employer for any reason other than death, disability, or retirement, a participant is entitled to a lump-sum distribution of the balance of his or her account as of the first valuation date immediately following the date of the application.
(b) Application for a distribution for termination of employment shall be made on an application form prescribed by the board. Any participant who is entitled to a distribution that equals or exceeds five thousand dollars ($5,000), may elect on the application form to receive the distribution in one 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.
(c) The employer shall certify on a form prescribed by the board that the participant’s employment has terminated.
(d) No partial distribution shall be made from the participant’s account.
(e) The participant is deemed to have permanently waived all rights to a retirement benefit when the distribution becomes effective.
Notes and commentary — not statutory text
History
Added by Stats. 1998, Ch. 820, Sec. 11. Effective September 25, 1998.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=22960.85.
- Text hash
- sha256 87958afee002938f1b0376b9040eeff31f94d6c402f9c92e2f5293282c233c82
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.