(a) Upon receipt of proof of a participant’s death, the beneficiary or beneficiaries shall be entitled to a death benefit that is a lump sum distribution of the balance remaining in the participant’s account.

(b) If the participant died prior to termination of employment or distribution of all of the contributions and earnings credited to the participant’s account, the lump sum distribution shall be an amount that is equal to the balance remaining in the participant’s account.

Terms Used In California Government Code 22970.83

  • 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

(c) Application for the distribution shall be made on an application form and in the manner prescribed by the board.

(Added by Stats. 1999, Ch. 307, Sec. 4. Effective January 1, 2000.)

  Previous section
Next section  
 Chapter 11 Contents