AB 2456 (Wright) – Lump-sum Payments

Assembly Bill

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

CalSTRS Analysis:

As Amended 8/31/2000

As Amended 8/14/2000

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