California Law (Last Updated: March 4, 2014) |
Education Code - EDC |
Title 1. GENERAL EDUCATION CODE PROVISIONS |
Division 1. GENERAL EDUCATION CODE PROVISIONS |
Part 14. STATE TEACHERS’ RETIREMENT SYSTEM CASH BENEFIT PROGRAM |
Chapter 11. Death Benefit |
Section 27003.
Latest version.
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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 be payable from the plan with respect to the Cash Balance Benefit Program.
(Amended by Stats. 1998, Ch. 965, Sec. 291. Effective January 1, 1999.)