What is an 11(2)(c) Lump-sum Distribution and when is it paid?
An 11(2)(c) distribution is a lump sum payment of the balance in your annuity savings account (your contributions plus statutory interest) to one or more named beneficiaries. It is paid if you have no eligible beneficiary either named or otherwise entitled to receive the Member-Survivor (Option D) benefit under 12(2)(d).
