If an election of an option is canceled under Section 24309, the member may again elect an option under Section 24307. If an election of an option is changed or canceled during any year, the reduction for that year shall be that for the option to which the greater reduction under Section 24309 as it read on December 31, 1995, is applicable.
(Amended by Stats. 2014, Ch. 755, Sec. 59. (SB 1220) Effective January 1, 2015.)
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