ARTICLE 7. Optional Settlements

Article 7 added by Stats. 1947, Ch. 879.

§§ 9361–9361.5 · 8 sections

• § 9361 In lieu of the retirement allowance for his life alone, a member or retired member may elect, or revoke or change a previous election, to have the actuarial…
• § 9361.1 (a) The election, revocation, or change of election set forth in Section 9361 may be made at any time before the effective date of retirement or after the…
• § 9361.12 Notwithstanding any provision of this part, a retired member who was a Member of the Senate or Assembly may revoke an optional settlement and may designate a…
• § 9361.15 A member may designate one or more persons as beneficiaries. If more than one person is designated under an optional settlement involving life contingency of…
• § 9361.2 Optional Settlement 1 consists of the right to have a retirement allowance paid him or her until his or her death and if he or she dies before he or she…
• § 9361.3 Optional Settlement 2 consists of the right to have a retirement allowance paid him or her until his or her death and thereafter to his or her beneficiary for…
• § 9361.4 Optional Settlement 3 consists of the right to have a retirement allowance paid him or her until his or her death, and thereafter to have one-half of his or…
• § 9361.5 Optional Settlement 4 consists of such other benefits as are the actuarial equivalent of his retirement allowance, that he may select subject to the approval…