DIVISION 9. EXPENDITURE LIMITATIONS 7900-7914›PART 2. CIVIL SERVICE 31100-31117›CHAPTER 3.9. Internal Revenue Code County Compliance and Replacement Benefits Program 31899-31899.9›ARTICLE 7. Benefits 32050-32063
§ 32062
California Government Code · 2026-09 edition · updated 2026-09-27 · California
At any time before the first payment of any pension is made, a member or pensioner may elect to receive the actuarial equivalent at that time of his pension in a lesser pension payable throughout his life and that of his widow, widower or beneficiary, if he or she survives him, in accordance with one of the following options:
Option 1: Upon his death, such lesser pension shall be continued throughout the life of and paid to his widow, widower or beneficiary.
Option 2: Upon his death, one-half of such lesser pension shall be continued throughout the life of and paid to his widow, widower or beneficiary.
(Amended by Stats. 1949, Ch. 1367.)
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