Amended by Stats. 2022, Ch. 231, Sec. 15. (AB 1824) Effective January 1, 2023.
Optional settlement 2 consists of the right to elect in writing to have a retirement allowance paid to the member until the member’s death, and thereafter to the natural person, having an insurable interest in the member’s life, as the member nominates by written designation duly executed and filed with the board at the time of the member’s retirement.
Cite this section
Other sections in Article 11 - Optional Retirement Allowances