California Government Code

§ 31763

GOV § 31763 Effective Jan 1, 2023Div. 4 · Title 3 · Part 3 · Ch. 3 · Art. 11

Statute text

Optional settlement 3 consists of the right to elect in writing to have a retirement allowance paid to the member until the member’s death, and thereafter to have one-half of the member’s retirement allowance paid to the natural person, having an insurable interest in the member’s life, as the member nominates by written designation duly executed and filed with the board at the time of the member’s retirement.

Legislative history

Amended by Stats. 2022, Ch. 231, Sec. 16. (AB 1824) Effective January 1, 2023.