[Code of Federal Regulations]
[Title 20, Volume 1]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 20CFR234.43]

[Page 497]
 
                      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.