CHAPTER 11. Death Benefit

Chapter 11 added by Stats. 1995, Ch. 592, Sec. 16.

§§ 27000–27008 · 9 sections

• § 27000 The death benefit shall become payable to the beneficiary upon receipt of proof of the participant’s death.
• § 27001 Notwithstanding Chapter 3 (commencing with Section 13100) of Part 1 of Division 8 of the Probate Code or any other provision of law to the contrary, the death…
• § 27002 If the participant died prior to commencement of an annuity, the death benefit shall be an amount that is equal to the sum of the participant’s employee…
• § 27003 The normal form of death benefit under this part is a lump-sum payment. Upon distribution of the lump-sum payment to the beneficiary, no further benefits shall…
• § 27004 (a) A beneficiary, other than an entity except a trust as defined in Section 26106.5, may elect to receive the final benefit payable under the Cash Balance…
• § 27005 The annuity elected under this chapter shall be determined as a value actuarially equivalent to the sum of the participant’s employee account and employer…
• § 27006 Upon the beneficiary’s election to receive the death benefit under this part in the form of an annuity, the credits in the participant’s employee account and…
• § 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…
• § 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…