§4022.7. Benefits payable in a lump sum. — Inbound Citations
29 C.F.R. § 4022.7
Statutory Authority
Cited by 3 regulations in release Current.
Citations to 29 U.S.C. § 4022.7 as a whole
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(a) Except as provided in § 4022.7 (relating to the payment of lump sums), the PBGC will pay benefits—(1) In the automatic PBGC form described in paragraph (b) of this section; or(2) If an optional PBGC form described in paragraph (c) of this section is elected, in that optional form.
Citations to §4022.7(b)
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(d) For a deceased participant whose benefit under § 4022.7(b) has a lump-sum value not exceeding the dollar amount specified in section 203(e)(1) of ERISA, payment will be made to the surviving spouse (if any) if such spouse would otherwise be entitled to receive a qualified preretirement survivor annuity under section 205(a)(2) of ERISA, and the surviving spouse will receive highest priority under paragraph (a) of this section.