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Optional Settlement 4

San Diego Municipal Code § 24.0607
in effect
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§24.0607 Optional Settlement 4 If a Member selects Optional Settlement 4, the System will pay the Member a reduced retirement allowance until his or her death. When the Member dies, the System will pay the Member’s Beneficiary a percentage, selected by the Member, of the Member’s reduced retirement allowance, for the life of the Beneficiary. The benefits paid to the Member’s Beneficiary under this optional settlement will not exceed the actuarial equivalent of the benefits that would have been paid to the Beneficiary if the Member had selected Optional Settlement 2. Beginning on January 1, 2002, payments made by the System under this optional settlement will comply with all applicable tax laws, including the minimum distribution requirements of section 401(a)(9) of the Internal Revenue Code. (“Optional Settlement 4” repealed; “Optional Settlement 4” added 4-2-2002 by O-19043 N.S.)
Source: City of San Diego Office of the City Clerk, San Diego Municipal Code and City Charter (docs.sandiego.gov PDFs)URL: https://docs.sandiego.gov/municode/MuniCodeChapter02/Ch02Art04Division06.pdf#page=4Fetched: 10/28/2026

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