Payment to Estate. If the employee dies before retirement, the total value in the accounts with respect to contributions made will be paid to the spouse. The spouse may choose to receive payment as a lump sum or as a pension. If the employee does not have a spouse or the employee and the spouse have waived their right to a death benefit, the death benefit will be paid in a lump sum to the named beneficiary.
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
