California Education Code

§ 27406

EDC § 27406 Effective Jan 1, 2011Div. 1 · Title 1 · Part 14 · Ch. 15

Statute text

The nonparticipant spouse who is awarded separate nominal accounts with respect to the Cash Balance Benefit Program shall have the right to a lump-sum distribution of amounts credited to the account.

(a)The nonparticipant spouse shall file an application on a form provided by the system to obtain the distribution.

(b)The distribution is effective when the system deposits in the United States mail a warrant drawn in favor of the nonparticipant spouse and addressed to the latest address for the nonparticipant spouse on file with the system.

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Legislative history

Amended by Stats. 2010, Ch. 207, Sec. 29. (AB 2260) Effective January 1, 2011.