(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 participantâs 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 participantâs employment has terminated.
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.