[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: 20CFR234.45]



[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.  234.45  Payment to the employee's estate.



    (a) When the employee's estate is paid. If no designated 

beneficiaries or relatives survive the employee when the RLS becomes 

payable, the employee's estate may be paid the RLS. Employees may also 

designate their estates to receive all or a share of the RLS as 

beneficiaries.

    (b) How the employee's estate is paid. If a legal representative of 

the employee's estate has been appointed and has not been discharged, 

the Board will pay the RLS to the legal representative. When no legal 

representative of the employee's estate has been or is expected to be 

appointed, or the estate of the deceased employee has been closed and 

reopening is not expected, the Board will pay the RLS according to state 

statutory procedures applicable when no formal probate or administration 

occurs.