California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 2 — Boxing, Wrestling, and Martial ArtsArticle 16 — Boxer BenefitsSection 18887
In addition to any other form in which retirement benefits may be distributed under the pension plan, the commission may, in its discretion, award to a covered boxer a medical early retirement benefit in the amount contained in the covered boxers’ pension plan account at the time the commission makes this award and in the manner provided in the regulations governing the boxers’ pension plan. This benefit shall be in lieu of a pension.
Notes
Allows the commission, in addition to other pension distribution forms, to award a covered boxer a medical early-retirement benefit equal to the amount in that boxer’s pension-plan account when the award is made. The benefit is paid under pension-plan regulations and replaces, rather than supplements, a pension.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 18887 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-2/article-16/section-18887