California Government Code

§ 32062

GOV § 32062Div. 4 · Title 3 · Part 3 · Ch. 4 · Art. 7

Statute text

At any time before the first payment of any pension is made, a member or pensioner may elect to receive the actuarial equivalent at that time of his pension in a lesser pension payable throughout his life and that of his widow, widower or beneficiary, if he or she survives him, in accordance with one of the following options: Option 1: Upon his death, such lesser pension shall be continued throughout the life of and paid to his widow, widower or beneficiary. Option 2: Upon his death, one-half of such lesser pension shall be continued throughout the life of and paid to his widow, widower or beneficiary.

Legislative history

Amended by Stats. 1949, Ch. 1367.