California Government Code 22960.82 – Unless otherwise provided in the beneficiary designation form, each …
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Unless otherwise provided in the beneficiary designation form, each designated beneficiary shall be entitled to equal shares of the lump-sum distribution that may be payable from the participant’s account upon the death of the participant.
(Added by Stats. 1998, Ch. 820, Sec. 11. Effective September 25, 1998.)
Terms Used In California Government Code 22960.82
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC