Statute · California Education Code
Cal. Educ. Code § 27008 — Death Benefit
Cal. Educ. Code § 27008
- Type
- Statute
- Source
- California Education Code
- Jurisdiction
- California
- Date
- 2002-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Upon the death of a beneficiary who was receiving an annuity under this part due to the death of a participant, payment shall be made as follows:
Citator
Cal. Educ. Code § 27008 — Death Benefit is in force in the current edition of the Code, and nothing recorded condemns it.
Upon the death of a beneficiary who was receiving an annuity under this part due to the death of a participant, payment shall be made as follows:
(a) Upon the death of a beneficiary under a joint and survivor option, no amount shall be payable.
(b) Upon the death of a beneficiary who elected a single life annuity without a cash refund feature, no amount shall be payable.
(c) Upon the death of a beneficiary who was receiving a period certain annuity, the actuarial equivalent of the remaining balance of payments shall be paid in a lump sum to the estate of the beneficiary unless the beneficiary designated a payee to receive the remaining balance of payments as provided in Section 27004.