Cal. Ed. Code § 27003

Current through the 2023 Legislative Session.

Section 27003 - Normal form of benefit

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.

Ca. Educ. Code § 27003

Amended by Stats. 1998, Ch. 965, Sec. 291. Effective January 1, 1999.