Gov. Code, § 22960.89 · Chapter 11. Benefits
Gov. Code, § 22960.89
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Any participant who is entitled to a distribution for retirement or disability that equals or exceeds five thousand dollars ($5,000), may elect to receive the distribution in one of the following forms:
(a) A single lump-sum payment.
(b) Substantially level installment payments for a period of years that extends no longer than the life expectancy of the participant.
(c) A single life annuity.
(d) A joint and survivor annuity for the lifetimes of the participant and the participant’s option beneficiary.
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=22960.89.
- Text hash
- sha256 5ff69260e982d780aa7fd66e23d9f6a76193273b7e26077e6baa59e3b741b912
- 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
Cited by 1 provision
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Government Code
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