Section 24801 Of Chapter 34. Administration Of The District Retirement Salary Plan From California Education Code >> Division 1. >> Title 1. >> Part 13. >> Chapter 34.
24801
. (a) Any other provisions of law to the contrary
notwithstanding, whenever any retirement benefits under a district
retirement system payable solely by reason of death of the retired
member to his or her estate, heir or beneficiary have been unclaimed
for a period of four years from the date of notification, by the
district retirement system, by means of United States mail, to the
estate, heir or beneficiary, such funds shall revert to and become a
part of the contributions of the district and shall be applied to
reduce the cost to the taxpayers of the district maintaining the
retirement system.
(b) The district retirement system may at any time after reversion
of these benefits to the district and upon receipt of proper
information satisfactory to it, return from district contributions,
an amount equal to that which had, on account of the deceased member,
reverted to the district.