Government Code section 22960.89

Any participant who is entitled to a distribution for retirement or disability that equals or exceeds five thousand dollars ($5,000), may elect to receive the distribution in one of the following forms:

(a)

A single lump-sum payment.

(b)

Substantially level installment payments for a period of years that extends no longer than the life expectancy of the participant.

(c)

A single life annuity.

(d)

A joint and survivor annuity for the lifetimes of the participant and the participant’s option beneficiary.

Source: Section 22960.89, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=GOV§ionNum=22960.­89.­ (updated Sep. 25, 1998; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 22960.89's source at ca​.gov