Cal. Gov. Code § 21459

Current through the 2023 Legislative Session.
Section 21459 - Waiver of benefit by member electing to receive optional settlement 2 or 3

A member who elects to receive optional settlement 2 or 3 may concurrently and irrevocably elect to waive the provision for an increase to his or her allowance due to the death of his or her beneficiary, a dissolution of marriage or a legal separation in which the judgment dividing the community property awards the total interest in this retirement system to the member, or in an annulment of the marriage in which a court confirms the annulment, or if the nonspouse beneficiary waives entitlement to this allowance and shall, instead, have his or her allowance based upon the waiver of this benefit.

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

Ca. Gov. Code § 21459

Amended by Stats 2017 ch 241 (SB 525),s 13, eff. 1/1/2018.
Amended by Stats 2016 ch 199 (AB 2404),s 14, eff. 1/1/2017.