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Pension DC Plan BenefitTabs
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Lump Sum |
Your Beneficiary will typically receive your entire individual account balance in the form of a lump sum. | | |
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Beneficiary if Married | If you were married on the date of your death your spouse is automatically your beneficiary. (If your spouse agrees on a notarized document you may designate someone else as your beneficiary.) | | |
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Beneficiary if Unmarried | Whomever you have designated as your beneficiary. | | |
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If you have not designated a beneficiary |
- Your surviving spouse,
- Your surviving children in equal shares,
- Your surviving parents in equal shares,
- Your estate.
If you designate your spouse as your beneficiary and your marriage later terminates, the beneficiary designation is automatically revoked.
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