(a) Upon termination of employment, a member may elect to be paid, pursuant to this part, each of the following:
(1) The member’s accumulated retirement contributions made after June 30, 1935.
(2) The member’s accumulated annuity deposit contributions.
(3) An amount equal to the balance of credits in the member’s Defined Benefit Supplement account.
(b) Accumulated retirement contributions and accumulated annuity deposit contributions shall include credited interest through the date of payment.
(c) Accumulated retirement contributions shall be reduced by the amount of retirement or disability benefits paid to a member pursuant to this part.
(Amended by Stats. 2011, Ch. 703, Sec. 8. (SB 349) Effective January 1, 2012.)
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