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HomeEducation CodeCh. 11§ 27007 Annuity Death Benefit Rules

§ 27007 Annuity Death Benefit Rules

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

§ 27007 Annuity Death Benefit Rules

Key Takeaways

  • •If someone dies while getting their retirement money, what happens to the leftover money depends on the plan they picked.
  • •If they picked a plan that gives money back after death, the leftover money goes to the person they chose.
  • •If they picked a plan that doesn’t give money back after death, nothing is paid out.
  • •If they picked a plan that pays a spouse or someone else for life, that person keeps getting the money after the participant dies.

Example

A retired teacher named Mr. Smith picked a retirement plan that gives money back after death. He passed away and had $50,000 left in his account.

Since Mr. Smith chose a plan with a cash refund, the $50,000 will go to the person he named as his beneficiary.

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

Official Source
View on CA.gov

§ 27007 Annuity Death Benefit Rules

(a) If the participant died while receiving an annuity under this part, the death benefit shall be payable in accordance with the terms of the annuity elected by the participant. (b) Upon the death of a participant who elected a single life annuity with a cash refund feature under this part, any balance remaining in the participant’s employee account and employer account shall be payable in a lump sum to the beneficiary. (c) Upon the death of a participant who elected a single life annuity without a cash refund feature under this part, no death benefit shall be payable. (d) Upon the death of a participant who elected a joint and survivor annuity under this part, the annuity shall continue for life to the surviving beneficiary under the joint and survivor option. If the beneficiary under the joint and survivor option has predeceased the participant, no death benefit shall be payable. (e) Upon the death of a participant who elected a period certain annuity under this part prior to the completion of annuity payments due the participant, the remaining balance of payments shall be paid to the beneficiary designated by the participant pursuant to Section 27100. (1) If the beneficiary is a person, the remaining period certain annuity payments shall be made over the amount of time remaining in the period originally elected by the deceased member and shall be made in payments equal to the amount of the annuity payments previously received by the deceased member. (2) If the beneficiary is not a person, the remaining balance of period certain annuity payments shall be made in a lump-sum payment equal to the present value of the balance of payments due over the time remaining in the period originally elected by the deceased member. (Amended by Stats. 2017, Ch. 298, Sec. 28. (AB 1325) Effective January 1, 2018.)

Last verified: January 23, 2026

Key Terms

death benefitsingle life annuitycash refund featurejoint and survivor annuityperiod certain annuity

Related Statutes

  • § 27008 Beneficiary Death Annuity Payments
  • § 25022.5 Nonmember Spouse Annuity Benefits
  • § 25023 Annuity Beneficiary Death Payments
  • § 26807 Annuity Payment Election
  • § 26906 Disability Annuity Election Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 27007.
View Official Source