California Education Code

§ 27005

EDC § 27005 Effective Jan 1, 1996Div. 1 · Title 1 · Part 14 · Ch. 11

Statute text

The annuity elected under this chapter shall be determined as a value actuarially equivalent to the sum of the participant’s employee account and employer account as of the date the death benefit becomes payable. The annuity shall be calculated using the age of the beneficiary on the date the benefit becomes payable.

Legislative history

Added by Stats. 1995, Ch. 592, Sec. 16. Effective January 1, 1996.