California Government Code 31673 – Upon retirement for service a member is entitled to receive a …
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Upon retirement for service a member is entitled to receive a retirement allowance which shall consist of:
(a) His service retirement annuity.
Terms Used In California Government Code 31673
- 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) His current service pension.
(c) His prior service pension.
(Added by Stats. 1947, Ch. 424.)