California Government Code

§ 21037

GOV § 21037 Effective Jan 1, 2019Div. 5 · Title 2 · Part 3 · Ch. 11 · Art. 5

Statute text

Notwithstanding any other provision of law, the following shall apply:

(a)A member who has elected to receive credit for service by contributing in installments and who retires for disability on or after January 1, 2004, when the election for service credit does not increase the member’s allowance payable, may elect to cancel the installments prospectively. The member’s election may be received by the system no more than 30 days after the date on which the member’s retirement for disability is approved. The effective date of the member’s election shall be the effective date of the member’s retirement for disability. No refund of contributions paid in installments prior to the effective date of the member’s election may be payable to a member or retired member as a result of an election made by a member pursuant to this section.

(b)A member’s election pursuant to this section shall be void, and installment payments shall resume, upon a member’s reinstatement from retirement for disability. The remaining balance due shall be recalculated to include interest during the disability retirement period.

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Legislative history

Amended by Stats. 2018, Ch. 168, Sec. 2. (AB 2196) Effective January 1, 2019.