Upon the beneficiary’s election to receive the death benefit under this part in the form of an annuity, the credits in the participant’s employee account and employer account shall be transferred to the Annuitant Reserve.
Cal. Educ. Code § 27006
Death Benefit
Amended by Stats. 1998, Ch. 965, Sec. 292
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.