22970.84. (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.(Added by Stats. 1999, Ch. 307, Sec. 4. Effective January 1, 2000.)
California Legal Code