[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: 20CFR234.56]



[Page 497]

 

                      TITLE 20--EMPLOYEES' BENEFITS

 

                  CHAPTER II--RAILROAD RETIREMENT BOARD

 

PART 234_LUMP-SUM PAYMENTS--Table of Contents

 

         Subpart F_Tier II Separation Allowance Lump-Sum Payment

 

Sec.  234.56  Persons to whom a separation allowance lump-sum payment 

is payable.



    (a) An employee who has completed 10 years of service at the time of 

his or her retirement or death and who has received on or after January 

1, 1985, a separation allowance or severance payment (see Sec.  210.11 

of this chapter) which would have been used to increase his or her tier 

II benefit, except for the fact that he or she was neither in an 

employment relation to one or more employers as defined in part 204 of 

this chapter nor an employee representative (see part 205 of this 

chapter), shall be entitled to a lump sum in the amount provided for in 

Sec.  234.58.

    (b) If an employee, otherwise eligible for the lump sum provided for 

in this section, dies before he or she becomes entitled to a regular 

annuity or before he or she receives payment of the lump sum, the lump 

sum is payable to the employee's widow or widower who will not have died 

before receiving payment. If the employee is not survived by a widow or 

widower who will not have died before receiving payment, the lump sum is 

payable to the employee's survivors in the same order of priority as 

shown for the residual lump-sum (RLS) in Sec.  234.44.