California Government Code

§ 7513.97

GOV § 7513.97 Effective Jan 1, 2012Div. 7 · Title 1 · Ch. 21 · Art. 1

Statute text

As used in Section 11 of Article VII of the Constitution, the following terms have the following meanings:

(a)“Actuarial equivalent” means a benefit of equal value when computed upon the basis of the mortality tables adopted and the actuarial interest rate fixed by the Board of Administration of the Public Employees’ Retirement System.

(b)“Beneficiary” means any person or corporation designated by a member, a retired member, or statute, or the estate of a member or retired member designated by the member or retired member, to receive a benefit under the retirement system, on account of the death of the member or retired member.

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Legislative history

Added by renumbering Section 7514 (as added by Stats. 1984, Ch. 220) by Stats. 2011, Ch. 296, Sec. 117. (AB 1023) Effective January 1, 2012.