What if I want to allow my eligible spouse to choose between the monthly Member-Survivor (Option D) benefit and the Lump-sum Distribution of my annuity savings?
If you name your eligible spouse as your sole beneficiary for a Lump-sum Distribution under 11(2)(c) and you have not named any other beneficiary as the Member-Survivor (Option D) beneficiary Your eligible spouse would be entitled to elect the Member-Survivor (Option D) benefit even if you do not specifically name him/her as your Member-Survivor. If you have not named anyone else as a beneficiary and your spouse chooses not to elect the Member-Survivor (Option D) benefit, he/she would then be entitled to the Lump-sum Distribution of your annuity savings under 11(2)(c). However, if you have named another beneficiary as the Member-Survivor (Option D) beneficiary or if you have named or included others as your Lump-sum Distribution (11(2)(c)) beneficiaries and your eligible spouse chooses not to elect or fails to elect the Member-Survivor (Option D) benefit, the benefit defaults to whomever is named as 11(2)(c) beneficiaries.
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