Post-Retirement

If no survivor annuity is payable upon the retiree's death, any remaining portion, representing either the remaining annuity and/or retirement contributions not paid to the retiree, is payable to the person(s) eligible under the order of precedence. If the court assigned payment under a court order, we will pay the lump sum in accordance with that court order. Otherwise, we will pay benefits under the following order of precedence:

• to the designated beneficiary;
• if there is no such beneficiary, to the widow or widower;
• if none of the above, to the child or children, with the share of any deceased child distributed among the descendants of that child (a court will usually have to appoint a guardian to receive payment for a minor child);
• if none of the above, to the parents in equal shares or the entire amount to a surviving parent;
• if none of the above, to the executor or administrator of the estate; or
• if none of the above, to the next of kin as determined under the laws of the State where the retiree lived.