California Education Code

§ 27007

EDC § 27007 Effective Jan 1, 2018Div. 1 · Title 1 · Part 14 · Ch. 11

Statute text

(a)If the participant died while receiving an annuity under this part, the death benefit shall be payable in accordance with the terms of the annuity elected by the participant.

(b)Upon the death of a participant who elected a single life annuity with a cash refund feature under this part, any balance remaining in the participant’s employee account and employer account shall be payable in a lump sum to the beneficiary.

(c)Upon the death of a participant who elected a single life annuity without a cash refund feature under this part, no death benefit shall be payable.

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Legislative history

Amended by Stats. 2017, Ch. 298, Sec. 28. (AB 1325) Effective January 1, 2018.