CHAPTER 14. Distribution of Benefits

Chapter 14 added by Stats. 1995, Ch. 592, Sec. 16.

§§ 27300–27303.5 · 5 sections

• § 27300 (a) The plan’s obligations under this part to a participant or beneficiary who has applied for a benefit cease upon distribution of the lump-sum benefit. (b)…
• § 27301 (a) The plan’s obligations under this part to a participant or beneficiary who elected to receive a benefit in the form of an annuity, cease upon distribution…
• § 27302 If a benefit payable under this part cannot be distributed because, after a good faith effort, the participant or beneficiary cannot be located, the balances…
• § 27303 Any overpayment to a participant or beneficiary under this part shall be deducted from any subsequent benefit payment that may be payable under the plan,…
• § 27303.5 If an employer reports erroneous information, the system shall calculate the actuarial present value of the expected payments from the participant or…