Benefit In Case of Death of Employee. If an employee who is eligible and participating under sections in this article dies before all or a portion of payments have been made due the employee, that balance shall be paid to the employee’s beneficiary or estate, providing such payment meets IRS requirements.
Benefit In Case of Death of Employee. If a Principal dies during retirement but before all or a portion of the payments as provided in this Article have been disbursed, that balance due shall be paid to a named beneficiary, or, lacking same, to the deceased person’s estate.
Benefit In Case of Death of Employee. If a Director dies before all or a portion of the payments as provided in this Article have been disbursed, that balance due shall be paid to a named beneficiary, or, lacking same, to the deceased's estate.
Benefit In Case of Death of Employee. If a teacher who is eligible and participating under Section 2 of this Article dies before all or a portion of the payments as provided in Section 2 of this Article have been disbursed, that balance due shall be paid to a named beneficiary or, lacking same, to the deceased’s estate.
Benefit In Case of Death of Employee. In the event an employee dies before retirement and has completed twenty (20) years of continuous service with the School District, immediately preceding the date of the employee’s death, or in the event the employee dies before full benefits under Schedule D are paid, the deferred compensation matching benefit as determined in this Article shall be paid to the estate of the deceased.
Benefit In Case of Death of Employee. If the Superintendent dies before all or a portion of the payments as provided have been disbursed, that balance due shall be paid to a named beneficiary, or, lacking same, to the deceased's estate.
