“Retirement allowance” means the pension plus the annuity.
(Added by Stats. 1947, Ch. 424.)
Terms Used In California Government Code 31473
- 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.