Section 21073.7 Of Article 2. Second Tier Retirement—state From California Government Code >> Division 5. >> Title 2. >> Part 3. >> Chapter 12. >> Article 2.
21073.7
. (a) A member subject to the Second Tier benefits provided
in Section 21076 or 21077 who is employed by the state on or after
January 1, 2000, may make an irrevocable election, to be filed with
the board, to be subject to the First Tier benefits provided in
Section 21354.1 and to make the contributions specified in Section
20677. An election to be subject to Section 21354.1 may be made at
any time prior to retirement and shall be signed by the member's
spouse. An election shall be effective the first day of the month
following the date the election is received by the system and shall
be applicable to state service rendered on and after that date.
However an election made by a member who retires prior to or on the
first day of the month following the system's receipt of the election
shall be effective one day prior to the effective date of the member'
s retirement.
(b) A member who is employed by the state on or after January 1,
2000, with past service credited under the Second Tier may make an
irrevocable election, at any time prior to retirement, to have his or
her past Second Tier service credited under Section 21354.1 by
making contributions specified in Section 21073.1. This subdivision
shall not apply to a Second Tier member eligible to make the election
provided in subdivision (a) until after the effective date of that
election.
(c) A member subject to modified First Tier benefits pursuant to
Section 21353.5 shall become subject to Section 21353 or 21354.1, as
applicable, and make contributions as specified in Section 20677. The
member's past service and contributions credited as modified First
Tier under Section 21353.5 shall be converted to First Tier service
and contributions and shall be subject to Section 21353 or 21354.1,
as applicable. Contributions previously credited as modified First
Tier and withdrawn by the member may be redeposited under the
conditions specified in Section 20750, with the service credit and
contributions subject to Section 21353 or 21354.1, as applicable.
(d) Operation and application of this section is subject to the
limitations set forth in Section 21251.13.