Optional settlement one.
San José Municipal Code § 3.28.1670
in effect3.28.1670 - Optional settlement one.
Optional settlement one 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 hundred percent of the retiree's modified retirement allowance paid to the retiree's designated beneficiary for the life of the beneficiary.
(Prior code § 2904.1602; 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_3.28.1670OPSEONFetched: 11/1/2026