Education Code - EDC - EDC § 27008

Summary

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

Text

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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• #1 | Education Code - EDC - EDC § 27008

  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 …