Current through the 2023 Legislative Session.
Section 22970.80 - Right to distribution upon termination from service(a) Upon termination for any reason other than death, disability, or retirement, a participant is entitled to a lump sum distribution of the balance of the participant's account within a reasonable time following the valuation date immediately following the date of the application.(b) Application for a distribution for termination of employment shall be made on a distribution request form and in the manner prescribed by the board.(c) All employers with which the participant is employed as a member of the system shall certify on a form prescribed by the board that the participant's employment has terminated.EFFECTIVE 1/1/2000. Added9/2/1999 (Bill Number: SB 522) (Chapter 307).