Optional settlement 2 consists of the right to elect in writing to have a retirement allowance paid to the member until the memberâs death, and thereafter to the natural person, having an insurable interest in the memberâs life, as the member nominates by written designation duly executed and filed with the board at the time of the memberâs retirement.
‹ 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.