California Government Code

§ 22960.86

GOV § 22960.86 Effective Sep 25, 1998Div. 5 · Title 2 · Part 7 · Ch. 11

Statute text

(a)Upon separation from all service for the employer, a participant may apply for a retirement benefit, provided the retirement date is no earlier than the date on which the participant attains the normal retirement age. The retirement benefit is a distribution of the balance of the participant’s account as of the first valuation date immediately following the date of the application.

(b)Application for a retirement benefit shall be made on an application form prescribed by the board.

(c)The employer shall certify on a form prescribed by the board that the participant’s employment has terminated.

Legislative history

Added by Stats. 1998, Ch. 820, Sec. 11. Effective September 25, 1998.