Added by Stats. 1998, Ch. 820, Sec. 11. Effective September 25, 1998.
A beneficiary who is not the spouse of the participant, and who is entitled to a distribution that equals or exceeds five thousand dollars ($5,000), may elect to receive the distribution in one of the following forms:
(a)A single lump-sum payment.
(b)Substantially level installment payments for a period not to exceed five years.
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Other sections in Chapter 11 - Benefits