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HomeGovernment CodeDiv. 5Pt. 3Ch. 8Art. 4§ 20730 Retirement Contribution Refund Option

§ 20730 Retirement Contribution Refund Option

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 20730 Retirement Contribution Refund Option

Key Takeaways

  • •If you were forced to retire, you can ask for your money back instead of getting retirement payments.
  • •You have to ask for your money back before you get your first retirement payment.
  • •If you get your money back, you won’t get any other retirement benefits.

Example

A teacher is forced to retire at 65 but decides she doesn’t want monthly retirement payments.

She can ask for all the money she put into her retirement fund back in one lump sum. But if she does this, she won’t get any monthly retirement money later.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 20730 Retirement Contribution Refund Option

At any time prior to the payment of his or her first retirement allowance, a person whose retirement was compulsory under this article may file with the board a request for refund of his or her accumulated contributions as of the effective date of the retirement, in lieu of any other benefit payable under this part. Upon receipt of the request so filed, the contributions shall be paid to that person immediately and that person shall not be entitled to any other benefit payable under this part. (Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)

Last verified: January 22, 2026

Key Terms

compulsory retirementaccumulated contributionsretirement allowancerefund request

Related Statutes

  • § 20734 Contribution Refund Interest Payment
  • § 20735 Member Contribution Refund Rules
  • § 20684 Local Safety Member Contributions
  • § 20688 Safety Member Contribution Reduction
  • § 20731 Retirement Contributions Transfer Rights

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 20730.
View Official Source