Cal. Gov. Code § 7505

Current through the 2023 Legislative Session.
Section 7505 - Designation that payments transmitted to financial institution for deposit in person's account

Every state and local public retirement system shall permit any person entitled to the receipt of benefits to designate that payment of such benefits shall be transmitted to a bank, savings and loan association, or credit union for deposit in the person's account, and the transmittal of such payment pursuant to this section shall discharge the public agency's obligations in respect to such payment.

Ca. Gov. Code § 7505

Added by Stats. 1979, Ch. 454.