California Government Code 21422 – Every member retired for disability for whom a different disability …
Every member retired for disability for whom a different disability retirement allowance is not prescribed by any other provision of this article, including a member who is entitled to an industrial disability retirement allowance if the disability is industrial but who retires for nonindustrial disability shall receive a disability retirement allowance which shall consist of:
(a) An annuity that is the actuarial equivalent of his or her accumulated contributions at the time of retirement; and
Terms Used In California Government Code 21422
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
(b) If, in the opinion of the board, his or her disability is not due to intemperance, willful misconduct or violation of law on his or her part, a disability retirement pension derived from the contributions of the employer.
(Repealed and added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)