CA AB1824

Permits retired county employees to revise the designated beneficiary of certain optional settlement elections, if adopted by the county retirement board.

Requires the retired member to have been unmarried or married less than one year at retirement, and the new spouse must be at least 55 years old and older than the originally designated beneficiary.

Requires either the original beneficiary's signature acknowledging the revision or a written declaration explaining why consent cannot be obtained, with penalties of $1,000-$25,000 for knowingly providing false information.

Maintains the retired member's retirement allowance at the same level as the original optional settlement, adjusted only for cost-of-living increases.

Exempts the retirement system from any obligation to locate or contact eligible retired members, and does not eliminate obligations to provide benefits to former spouses under court order.