California Government Code

§ 20731

GOV § 20731 Effective Jan 1, 2024Div. 5 · Title 2 · Part 3 · Ch. 8 · Art. 4

Statute text

(a)Notwithstanding any other provision of this part, a member who is credited with less than the years of service specified in Article 1 (commencing with Section 21060) of Chapter 12 who enters employment as a member of a public retirement system supported, in whole or in part, by state funds, including the University of California Retirement System, or as a member of a county retirement system, within six months of leaving state service, shall have the right to elect to leave accumulated contributions on deposit in the retirement fund. Failure to make an election to withdraw accumulated contributions shall be deemed an election to leave accumulated contributions on deposit in the retirement fund. This section shall also apply to a member who is subject to Section 21076 or 21076.5.

(b)(1) An election to allow accumulated contributions to remain in the retirement fund may be revoked by the member at any time, except any of the following:

(A)While the member is employed in state service in a position in which the member is not excluded from membership with respect to that service.

…

Legislative history

Amended by Stats. 2023, Ch. 159, Sec. 4. (SB 885) Effective January 1, 2024.