TITLE 1. GENERAL EDUCATION CODE PROVISIONS 1-32500›DIVISION 1. GENERAL EDUCATION CODE PROVISIONS 1-32500›PART 14. STATE TEACHERS’ RETIREMENT SYSTEM CASH BENEFIT PROGRAM 26000-28101›CHAPTER 11. Death Benefit 27000-27008
§ 27008
California Education Code · 2018-11 edition · updated 2026-10-04 · California
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.
(Amended by Stats. 2001, Ch. 803, Sec. 49. Effective January 1, 2002.)
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