Section 22960.89 - Forms for receiving distributionAny participant who is entitled to a distribution for retirement or disability that equals or exceeds five thousand dollars ($5,000), may elect to receive the distribution in one of the following forms:
(a) A single lump-sum payment.(b) Substantially level installment payments for a period of years that extends no longer than the life expectancy of the participant.(c) A single life annuity.(d) A joint and survivor annuity for the lifetimes of the participant and the participant's option beneficiary.Added by Stats. 1998, Ch. 820, Sec. 11. Effective September 25, 1998.