2005 California Education Code Sections 27300-27303 CHAPTER 14. DISTRIBUTION OF BENEFITS

27300.  (a) The plan's obligations under this part to a participant
or beneficiary who has applied for a benefit cease upon distribution
of the lump-sum benefit.
   (b) Deposit in the United States mail of a warrant drawn as
directed by the participant or beneficiary and addressed as directed
by the participant or beneficiary constitutes distribution of the
benefits under this part.
   (c) Deposit in the United States mail of a notice that the
requested electronic funds transfer has been made as directed by the
participant or beneficiary constitutes distribution of the benefits
under this part.
   (d) If the participant or beneficiary has elected to transfer all
or a specified portion of the lump-sum benefit that is eligible for
direct trustee-to-trustee transfer to the trustee of an eligible
retirement plan within the meaning of Section 401(a)(31) of Title 26
of the United States Code, deposit in the United States mail of a
notice that the requested transfer has been made constitutes
distribution of the benefits under this part.
   (e) Distribution under subdivision (b), (c), or (d) pursuant to
the board's determination in good faith of the existence, identity,
or other facts relating to entitlement of persons constitutes a
complete discharge and release of the plan from liability for that
payment under this part.
27301.  (a) The plan's obligations under this part to a participant
or beneficiary who elected to receive a benefit in the form of an
annuity, cease upon distribution of the final monthly payment of the
annuity.
   (b) Deposit in the United States mail of a warrant drawn as
directed by the participant or beneficiary and addressed as directed
by the participant or beneficiary constitutes distribution of the
benefit under this part.
   (c) Deposit in the United States mail of a notice that the
requested electronic funds transfer has been made as directed by the
participant or beneficiary constitutes distribution of the benefit
under this part.
   (d) Distribution under subdivision (b) or (c) pursuant to the
board's determination in good faith of the existence, identity, or
other facts relating to entitlement of persons constitutes a complete
discharge and release of the board, system, and plan from liability
for payments under this part.
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.
27303.  Any overpayment to a participant or beneficiary under this
part shall be deducted from any subsequent benefit payment that may
be payable under the plan, except as provided in Section 26302.