(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.
Source:
Section 22970.84, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=22970.84.
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