Code of Federal Regulations (Last Updated: February 15, 2024) |
Title 29 - Labor |
Subtitle B - Regulations Relating to Labor |
Chapter XL - Pension Benefit Guaranty Corporation |
SubChapter D - Coverage and Benefits |
Part 4022 - Benefits Payable in Terminated Single-Employer Plans |
Subpart G - Certain-and-Continuous and Similar Annuity Payments Owed for Future Periods After Death |
§ 4022.103 - Who will get benefits if I die when payments for future periods under a certain-and-continuous or similar annuity are owed upon my death?
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§ 4022.103 Who will get benefits if I die when payments for future periods under a certain-and-continuous or similar annuity are owed upon my death?
If you die at a time when payments are owed for future periods under a form of annuity promising that, regardless of a participant's death, there will be annuity payments for a certain period of time (e.g., a certain-and-continuous annuity) or until a certain amount is paid (e.g., a cash-refund annuity or installment-refund annuity), and there is no surviving beneficiary designated to receive such payments, we will pay the remaining payments to the person determined under the rules in § 4022.93.