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HomeEducation CodeCh. 11§ 27002 Participant Death Benefit Calculation

§ 27002 Participant Death Benefit Calculation

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 27002 Participant Death Benefit Calculation

Key Takeaways

  • •If someone dies before they start getting their retirement payments, their family gets the money saved in their work accounts.
  • •The money includes what the person saved and what their boss saved for them.
  • •This rule has been around since 1996.

Example

A teacher saves money for retirement but passes away before retiring.

The teacher's family will get all the money the teacher saved, plus the money the school saved for the teacher.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 27002 Participant Death Benefit Calculation

If the participant died prior to commencement of an annuity, the death benefit shall be an amount that is equal to the sum of the participant’s employee account and employer account. (Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.)

Last verified: January 23, 2026

Key Terms

death benefitemployee accountemployer accountannuity

Related Statutes

  • § 27005 Death Benefit Annuity Calculation
  • § 27006 Beneficiary Annuity Death Benefit
  • § 26809 Annuity Account Transfer Rules
  • § 26907 Disability Annuity Calculation Rules
  • § 26908 Annuity Account Transfer Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 27002.
View Official Source