(a)
Upon receipt of proof of death of a member who has no preretirement option in effect, and who either does not meet the eligibility requirements set forth in Section 23804, or meets the eligibility requirements set forth in Section 23804 but has no eligible survivors for a family allowance as specified in Section 23805 or 23806, there shall be paid to the beneficiary both of the following:
(1)
The accumulated retirement contributions after July 1, 1935.
(2)
The accumulated annuity deposit contributions.
(b)
Accumulated contributions include credited
interest through the date of payment.