[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: 20CFR234.51]



[Page 496]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 234_LUMP-SUM PAYMENTS--Table of Contents

 

                    Subpart E_Lump-Sum Refund Payment

 

Sec.  234.51  Persons to whom a lump-sum refund payment is payable.



    Employees receive their lump-sum refund payment from the Board, 

without applying for it, at the time their regular annuity is awarded. 

If an employee dies without receiving payment of a regular annuity, the 

lump-sum refund payment is payable to the employee's survivors in the 

same order of priority as shown for the RLS in Sec.  234.44.