§ 6. Return of contributions upon failure to exhaust.
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If a Retired Participant does not elect an optional form of Retirement benefit payment,
or if the Participant elects the Option C form of benefit payment, and if upon the
death of the Participant the sum of all benefits paid to him does not equal or exceed
the amount of the Participant's Employee Contributions plus interest posted thereon,
then a lump sum payment in the amount of the difference shall be paid to the Retired
Participant's estate. If a Retired Participant elects an optional form of retirement
benefit payment other than Option C, and upon the death of the Retired Participant,
or if later the death of his Post-Retirement Beneficiary, the sum of all benefits
paid does not equal or exceed the amount of the Participant's Employee Contributions
plus interest posted thereon, then a lump sum payment in the amount of the difference
shall be paid to the Retired Participant's estate, unless the Post-Retirement Beneficiary
dies after he has begun receiving survivor benefit payments, in which case said lump
sum payment shall be paid to the Post-Retirement Beneficiary's estate. If a Participant
dies in the Service of an Adopting Employer before he satisfies the eligibility requirements
for an in-service death benefit, his Employee Contributions plus interest posted thereon
shall be paid to the Participant's estate. In the event the sum of all pre-retirement
benefits paid to a Pre-Retirement Beneficiary(ies) by virtue of the death of a Participant
or Terminated Participant, as applicable, do not equal or exceed the amount of the
Participant's or Terminated Participant's Employee Contributions plus interest posted
thereon, a lump sum payment in the amount of the difference shall be paid to the estate
of the Pre-Retirement Beneficiary (or last surviving Pre-Retirement Beneficiary as
applicable). For purposes of this Section, the amount of "interest posted" shall be
determined as of the date that the lump sum payment payable under this Section is
distributed.
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