California Government Code

§ 22960.89

GOV § 22960.89 Effective Sep 25, 1998Div. 5 · Title 2 · Part 7 · Ch. 11

Statute text

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.

…

Legislative history

Added by Stats. 1998, Ch. 820, Sec. 11. Effective September 25, 1998.