State Codes and Statutes

Statutes > California > Gov > 22970.80-22970.84

GOVERNMENT CODE
SECTION 22970.80-22970.84



22970.80.  (a) Upon termination for any reason other than death,
disability, or retirement, a participant is entitled to a lump sum
distribution of the balance of the participant's account within a
reasonable time following the valuation date immediately following
the date of the application.
   (b) Application for a distribution for termination of employment
shall be made on a distribution request form and in the manner
prescribed by the board.
   (c) All employers with which the participant is employed as a
member of the system shall certify on a form prescribed by the board
that the participant's employment has terminated.



22970.81.  (a) Upon termination, a participant may apply for a
distribution for retirement, provided the retirement date is no
earlier than the date on which the participant attains the early
retirement age pursuant to the provisions of Part 3 (commencing with
Section 20000). The retirement benefit is a distribution of the
balance of the participant's account within a reasonable time
following the valuation date immediately following the date of the
application.
   (b) Application for a distribution for retirement shall be made on
a distribution request form and in the manner prescribed by the
board.
   (c) All employers with which the participant is employed as a
member of the system, shall certify on a form prescribed by the board
that the participant's employment has terminated.



22970.82.  (a) Upon termination, a participant may apply for a
distribution for disability. A distribution for disability shall
become payable only upon a determination by the board that the
participant has a disability of permanent or extended and uncertain
duration. The disability benefit is a distribution of the balance of
the participant's account within a reasonable time following the
valuation date immediately following the date of the application.
   (b) Application for a distribution for disability shall be made on
a distribution request form and in the manner prescribed by the
board.
   (c) All employers with which the participant is employed as a
member of the system shall certify on a form prescribed by the board
that the participant's employment has terminated.



22970.83.  (a) Upon receipt of proof of a participant's death, the
beneficiary or beneficiaries shall be entitled to a death benefit
that is a lump sum distribution of the balance remaining in the
participant's account.
   (b) If the participant died prior to termination of employment or
distribution of all of the contributions and earnings credited to the
participant's account, the lump sum distribution shall be an amount
that is equal to the balance remaining in the participant's account.
   (c) Application for the distribution shall be made on an
application form and in the manner prescribed by the board.



22970.84.  (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.
State Codes and Statutes

State Codes and Statutes

State Codes and Statutes

State Codes and Statutes

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