[Code of Federal Regulations]

[Title 20, Volume 1]

[Revised as of April 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 20CFR234.43]



[Page 495]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 234_LUMP-SUM PAYMENTS--Table of Contents

 

                   Subpart D_Residual Lump-Sum Payment

 

Sec.  234.43  Payment to designated beneficiaries.



    (a) How designated beneficiaries are paid. Primary beneficiaries are 

paid the RLS to the exclusion of alternate beneficiaries. If a 

designated beneficiary dies before the date on which the RLS becomes 

payable, his or her share of the RLS becomes payable to any other 

designated beneficiaries. If an entitled designated beneficiary dies 

before negotiating the RLS check, that share is payable to his or her 

estate.

    (b) Amount designated beneficiaries are paid. If the employee 

specified the share that each beneficiary is to receive, payment is made 

in the proportion specified. Otherwise, if there is more than one 

designated beneficiary, each is paid an equal share of the RLS.