Added by Stats. 1998, Ch. 820, Sec. 11. Effective September 25, 1998.
A nonparticipant spouse who is entitled to a distribution for retirement 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.
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Other sections in Chapter 9 - Community Property