SECTIONS 27100-27102 - California Statutes

EDUCATION CODE

SECTION 27100-27102

27100. A participant may at any time designate or change the
designation of one or more primary beneficiaries and one or more
contingent beneficiaries to receive any lump-sum death benefit that
may be payable under the plan. The beneficiary for the lump-sum death
benefit under this part may be a person, trust, or the estate of the
participant. The beneficiary shall be designated on a form
prescribed by the system that is received in the system's
headquarters office, as established pursuant to Section 22375, before
the participant's death.

27101. In the event the participant dies without a valid
beneficiary designation on file with the system, any lump-sum death
benefit under this part shall be payable to the estate of the
participant.

27102. Part 5 (commencing with Section 220) of Division 2 of the
Probate Code, when applicable, shall govern the distribution of any
lump-sum death benefit payable under this part. In applying Part 5
(commencing with Section 220) of Division 2 of the Probate Code with
respect to proceeds payable to a beneficiary, participation in the
plan shall be considered as having the same status as an insurance
policy issued after December 31, 1984.