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HomePublic Utilities CodeDiv. 10Pt. 10Ch. 5Art. 2§ 98195 Member Contribution Withdrawal Rules

§ 98195 Member Contribution Withdrawal Rules

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

§ 98195 Member Contribution Withdrawal Rules

Key Takeaways

  • •If you leave the retirement system before retiring, you can get back the money you put in, plus interest.
  • •You might be able to leave your money in the system and still get retirement benefits later, but there are rules.
  • •The board decides the rules for leaving your money in or taking it out.

Example

A teacher quits their job before retiring.

The teacher can either take out the money they put into the retirement system with interest, or leave it in and maybe get retirement money later if they follow the rules.

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

Official Source
View on CA.gov

§ 98195 Member Contribution Withdrawal Rules

If any member withdraws from the retirement system prior to retirement the total amount contributed by him with such interest as may be credited thereto, shall be returned to him, provided, however, that the board may prescribe the terms and conditions upon which a member, whose district service has been terminated except by death or retirement, may elect to leave his contributions and interest thereon in the retirement fund, and the terms and conditions upon which a retirement allowance may be made to him after such termination based upon his contributions prior to such termination. (Added by Stats. 1967, Ch. 978.)

Last verified: January 23, 2026

Key Terms

retirementterminationallowancebenefitsdeath

Related Statutes

  • § 50145 Member Contribution Withdrawal Rules
  • § 50146 Retirement Benefits Exemption Rules
  • § 95836 Retirement Benefits Exemption Rules
  • § 50142 Retirement Contribution Requirements
  • § 50152 Retirement Board Eligibility Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 98195.
View Official Source