Government Code § 22970.84

CHAPTER 11. Eligibility for Distribution

Current as of September 28, 2026Gov. Code, § 22970.84Official source ↗

Added by Stats. 1999, Ch. 307, Sec. 4. Effective January 1, 2000.

(a) Any participant who is entitled to a distribution may elect to receive the distribution in either of the following forms:

(1) A single lump sum payment.

(2) Substantially level installment payments for a period of years that extends no longer than the life expectancy of the participant.

(b) Any beneficiary who is entitled to a distribution may elect to receive the distribution in either of the following forms:

(1) A single lump sum payment.

(2) Substantially level installment payments for a period of years that extends no longer than the life expectancy of the beneficiary.