California Legal Codes and Statutes

§ 21455

Amended by Stats. 2016, Ch. 199, Sec. 10. (AB 2404) Effective January 1, 2017.

Optional settlement 1 consists of the right to have a retirement allowance paid to the member until his or her death and if the member dies before he or she receives in annuity payments the amount of his or her accumulated contributions at retirement, to have the balance at death paid to his or her beneficiary or estate.

This section shall apply to any member who retires on or before December 31, 2017.

Cite this section

Cal. Gov. Code § 21455 (2026)
https://ca.codecond.com/codes/gov/title-2-government-of-the-state-of-california/division-5-personnel/part-3-public-employees-retirement-system/chapter-13-retirement-benefits/article-6-optional-settlements-prior-to-january-1-2018/section-21455

Other sections in Article 6 - Optional Settlements Prior to January 1, 2018

§ 21450§ 21451§ 21452§ 21453§ 21454§ 21455§ 21456§ 21457§ 21458§ 21459§ 21460§ 21461§ 21461.5§ 21462§ 21463§ 21464§ 21465

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.