AB 2456 (Wright) – Lump-sum Payments
Allow members of the Defined Benefit Program, who retire between January 1, 2002, and December 31, 2010, to elect to receive a portion of their defined benefit retirement in a lump-sum payment in exchange for an actuarially-reduced monthly allowance.
- Version: Chaptered (Chapter 897, Statutes of 2000)
- Sponsor: FACCC
- Location: Signed by Governor
- Board Position: Support
For an accessible version of any CalSTRS analysis on this page, contact ADACoordinator@CalSTRS.com.