California Education Code 22166 – “Retirement allowance” means the amount payable to a retired member …
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“Retirement allowance” means the amount payable to a retired member or an option beneficiary on a monthly basis.
(Amended by Stats. 1996, Ch. 634, Sec. 40. Effective January 1, 1997.)
Terms Used In California Education Code 22166
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC