California Government Code 22960.83 – In the event the participant dies without a valid beneficiary …
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In the event the participant dies without a valid beneficiary designation on file, or if no designated beneficiary survives the participant, any balance remaining in the participant’s account shall be payable to the participant’s survivors in the following order:
(a) The participant’s spouse.
Terms Used In California Government Code 22960.83
- 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
- Spouse: includes "registered domestic partner" as required by §. See California Government Code 12.2
(b) The participant’s natural or adopted children.
(c) The participant’s parents.
(d) The participant’s brothers and sisters.
(e) The participant’s estate.
(Amended by Stats. 2010, Ch. 639, Sec. 26. (SB 1139) Effective January 1, 2011.)