California Education Code

§ 22149

EDC § 22149 Effective Jan 1, 2017Div. 1 · Title 1 · Part 13 · Ch. 2

Statute text

(a)“Option beneficiary” means the person or trust designated by a member to receive a retirement allowance under the Defined Benefit Program upon the member’s death.

(b)For purposes of this section, “trust” means an irrevocable trust with the following characteristics:

(1)The trust satisfies the requirements of subparagraph (A) or (C) of paragraph (4) of subdivision (d) of Section 1396p of Title 42 of the United States Code.

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Legislative history

Amended by Stats. 2016, Ch. 559, Sec. 2. (AB 1875) Effective January 1, 2017.