California Education Code

§ 26910

EDC § 26910 Effective Jan 1, 2017Div. 1 · Title 1 · Part 14 · Ch. 10

Statute text

(a)Except as provided in subdivision (b), the beneficiary under the joint and survivor option elected pursuant to paragraph (3) or (4) of subdivision (b) of Section 26906 or paragraph (2), (3), or (4) of subdivision (a) of Section 26906.5 shall be the person or trust designated by the participant on the application for a disability benefit under this part, and shall not be changed after the original disability 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. 16. (AB 1875) Effective January 1, 2017.