California Education Code

§ 26811

EDC § 26811 Effective Jan 1, 2017Div. 1 · Title 1 · Part 14 · Ch. 9

Statute text

(a)Except as provided in subdivision (b), the annuity beneficiary under the joint and survivor annuity elected pursuant to paragraph (3) or (4) of subdivision (b) of Section 26807 or paragraph (2), (3), or (4) of subdivision (a) of Section 26807.5 shall be the person designated by the participant on the application for a retirement benefit under this part, and shall not be changed after the original retirement date unless the beneficiary has predeceased the participant.

(b)(1) A participant may change the annuity beneficiary designated pursuant to this section without penalty by designating a trust as beneficiary if all of the following requirements are met:

(A)The trust conforms to the definition of trust in Section 26105.5.

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Legislative history

Amended by Stats. 2016, Ch. 559, Sec. 15. (AB 1875) Effective January 1, 2017.