Optional Settlement 1 consists of the right to have a retirement allowance paid him or her until his or her death and if he or she dies before he or she receives the amount of his or her accumulated contributions at retirement, to have the balance at death paid to his or her beneficiary or estate.
(Amended by Stats. 2002, Ch. 664, Sec. 92.9. Effective January 1, 2003.)
Last modified: October 25, 2018