California Statutes
§ 27008. — 27008. (Amended by Stats. 2001, Ch. 803, Sec. 49.)
California·Code EDC Education Code - EDC·Div. 1.·Title 1. DIVISION 1. GENERAL EDUCATION CODE PROVISIONS·Part 14. PART 14. STATE TEACHERS’ RETIREMENT SYSTEM CASH BENEFIT PROGRAM·Ch. 11. CHAPTER 11. Death Benefit
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.
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California § 27008. (27008. (Amended by Stats. 2001, Ch. 803, Sec. 49.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2001, Ch. 803, Sec. 49. Effective January 1, 2002.