§ 22970.84
96 words·~1 min read·
/ca/government-code/22970-84A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Any participant who is entitled to a distribution may elect to receive the distribution in either of the following forms:
(1)A single lump sum payment.
(2)Substantially level installment payments for a period of years that extends no longer than the life expectancy of the participant.
(b)Any beneficiary who is entitled to a distribution may elect to receive the distribution in either of the following forms:
(1)A single lump sum payment.
(2)Substantially level installment payments for a period of years that extends no longer than the life expectancy of the beneficiary.