California Government Code ARTICLE 4 - Preretirement Group Term Life Insurance

• Section 21600.
  (a) The purpose of this article is to provide group term life insurance benefits for members of this system who are employees of the state or...
• Section 21601.
  A separate account shall be established in the retirement fund to be known as the Insurance Benefits Account. Moneys in the account shall be expended...
• Section 21602.
  (a) The board shall transfer annually on July 1 during any period of insurance from accumulated state contributions on account of current service to the Insurance...
• Section 21603.
  An insured member, for purposes of this part, is a member of this system who is a state or university employee and whose death occurs...
• Section 21604.
  The insurance benefit shall be paid upon death of an insured member of this system to the beneficiary entitled to receive the basic or special...
• Section 21605.
  The insurance benefit shall be the sum of the following amounts:(a) Five thousand dollars ($5,000).(b) An amount equal to 50 percent of the annual compensation earnable by...

Last modified: October 22, 2018