Optional settlement two.
San José Municipal Code § 3.28.1680
in effect3.28.1680 - Optional settlement two.
Optional settlement two consists of the right to have a lesser retirement allowance paid to the retiree until the retiree's death, and thereafter, subject to the provisions of Section 3.28.1700, to have one-half of the retiree's modified retirement allowance paid to the retiree's designated beneficiary for the life of the beneficiary.
(Prior code § 2904.1603; Ord. 23736.)
Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT3PE_IIREPL_CH3.281975FEEMREPL_PT13OPSE_3.28.1680OPSETWFetched: 11/1/2026