California Government Code

§ 22960.91

GOV § 22960.91 Effective Sep 25, 1998Div. 5 · Title 2 · Part 7 · Ch. 11

Statute text

A beneficiary who is not the spouse of the participant, and who is entitled to a distribution 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 not to exceed five years.

Legislative history

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