§ 22960.91
55 words·~1 min read·
/ca/government-code/22960-91A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.