You are here: California / Education Code - EDC / CHAPTER 14. Distribution of Benefits [27300. - 27303.] / Section 27302.

Section 27302. (Amended by Stats. 1998, Ch. 965, Sec. 305.)
Cite as: Cal. Educ. Code §27302.

If a benefit payable under this part cannot be distributed because, after a good faith effort, the participant or beneficiary cannot be located, the balances in the participant’s employee account and employer account shall be forfeited by the participant or beneficiary, but if the participant or beneficiary thereafter submits a valid claim to the system the employee and employer accounts shall be reinstated and shall be credited with all applicable interest at the minimum interest rate and additional earnings credit amounts attributable to the period during which the forfeiture was in effect.

Search this site:
Custom Search

Copyright 2009-2015. No claims made to original government works.