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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - California Code, Education Code - EDC § 27008 - last updated January 01, 2025 | https://codes.findlaw.com/ca/education-code/edc-sect-27008/
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