A member who has additional contributions under Section 31627 may, within 30 days prior to retirement, elect in writing to have all or any part of the member’s accumulated additional contributions returned to the member. The portion returned shall not be included in the calculation of the member’s annuity.

(Amended by Stats. 2020, Ch. 275, Sec. 31. (AB 2101) Effective January 1, 2021.)

Terms Used In California Government Code 31627.1

  • 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.
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