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Effective Jan 1, 2017Added by Stats. 2016, Ch. 199, Sec. 22. (AB 2404) Effective January 1, 2017.
- (a) The unmodified allowance consists of the right to have the maximum retirement allowance paid to a member until his or her death. There is no continuing allowance to a beneficiary and there is no return of unused accumulated contributions after the death of the member.
- (b) This section shall apply to any member who retires on or after January 1, 2018.