Section 27007 Of Chapter 11. Death Benefit From California Education Code >> Division 1. >> Title 1. >> Part 14. >> Chapter 11.
27007
. (a) If the participant died while receiving an annuity under
this part, the death benefit shall be payable in accordance with the
terms of the annuity elected by the participant.
(b) Upon the death of a participant who elected a single life
annuity with a cash refund feature under this part, any balance
remaining in the participant's employee account and employer account
shall be payable in a lump sum to the beneficiary.
(c) Upon the death of a participant who elected a single life
annuity without a cash refund feature under this part, no death
benefit shall be payable.
(d) Upon the death of a participant who elected a joint and
survivor annuity under this part, the annuity shall continue for life
to the surviving beneficiary under the joint and survivor option. If
the beneficiary under the joint and survivor option has predeceased
the participant, no death benefit shall be payable.
(e) Upon the death of a participant who elected a period certain
annuity under this part prior to the completion of annuity payments
due the participant, the remaining balance of payments shall be paid
to the beneficiary designated by the participant.