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Effective Jan 1, 2012Amended by Stats. 2011, Ch. 703, Sec. 8. (SB 349) Effective January 1, 2012.
(a) Upon termination of employment, a member may elect to be paid, pursuant to this part, each of the following:
- (1) The member’s accumulated retirement contributions made after June 30, 1935.
- (2) The member’s accumulated annuity deposit contributions.
- (3) An amount equal to the balance of credits in the member’s Defined Benefit Supplement account.
- (b) Accumulated retirement contributions and accumulated annuity deposit contributions shall include credited interest through the date of payment.
- (c) Accumulated retirement contributions shall be reduced by the amount of retirement or disability benefits paid to a member pursuant to this part.