Default beneficiaries. Unless elected otherwise under this subsection (a) or set forth otherwise under a governing Investment Arrangement, the default beneficiaries described under Section 8.08(c) of the Plan are the Participant’s surviving Spouse, the Participant’s surviving children, and the Participant’s estate. 🞎 If this subsection (a) is checked, the default beneficiaries under Section 8.08(c) of the Plan are modified as follows:
Default beneficiaries. To the extent a Beneficiary has not been named by the Participant (subject to the spousal consent rules discussed above) and is not designated under the terms of this Plan to receive all or any portion of the deceased Participant’s death benefit, such amount shall be distributed to the Participant’s surviving spouse (if the Participant was married at the time of death). If the Participant does not have a surviving spouse at the time of death, distribution will be made to the Participant’s surviving children, in equal shares. If the Participant has no surviving children, distribution will be made to the Participant’s estate. The Employer may modify the default beneficiary rules described in this subparagraph by addition attaching appropriate language as an addendum to the Agreement.
Default beneficiaries. If you die without having designated a beneficiary, your death benefit will be paid to your default beneficiary as detailed in the following chart. Member’s Civil Status Default Beneficiary Married member Surviving spouse Member with a partner in a civil union* Surviving civil union partner* All other members In the following order of survival: • Member’s issue per stirpes**; if none survive the member then, • Member’s father and mother, in equal shares or all to the survivor; if none survive the member then, • Member’s personal representative of the estate.
Default beneficiaries. Under Section 8.08(c) of the Plan, to the extent a Beneficiary has not been named by the Participant (subject to the spousal consent rules) and is not designated under the terms of the Investment Arrangement(s) to receive all or any portion of the deceased Participant’s death benefit, such amount shall be distributed to the Participant’s surviving Spouse (if the Participant was married at the time of death) who shall be considered the designated Beneficiary. If the Participant does not have a surviving Spouse at the time of death, distribution will be made to the Participant’s surviving children (including legally adopted children, but not including step-children), as designated Beneficiaries, in equal shares. If the Participant has no surviving children, distribution will be made to the Participant’s estate. If this subsection (a) is checked, the default beneficiaries under Section 8.08(c) of the Plan are modified as follows:
Default beneficiaries. To the extent a Beneficiary has not been named by the Participant and is not designated under the terms of this Plan to receive all or any portion of the deceased Participant’s death benefit, such amount shall be distributed to the Participant’s surviving Spouse (if the Participant was married at the time of death). If the Participant does not have a surviving Spouse at the time of death, distribution will be made to the Participant’s surviving children, in equal shares. If the Participant has no surviving children, distribution will be made to the Participant’s estate. The Employer may modify the default beneficiary rules described in this subparagraph under AA §9-6.
Default beneficiaries. If the designated beneficiary does not survive the Eligible Participant, or if there is not valid beneficiary designation, amounts payable under the Plan shall be paid to the Eligible Participant's spouse, or if there is not a surviving spouse, then to the duly appointed and currently acting personal representative of the Eligible Participant's estate. If there is no personal representative of the Participant's estate duly appointed, then payments under the Plan shall be made to the person or persons who can verify by affidavit or court order to the satisfaction of TransCore that they are legally entitled to receive the benefits specified hereunder pursuant to the laws of intestate succession or other statutory provision in effect at the Eligible Participant's death in the state in which the Eligible Participant resides.
Default beneficiaries. If you die without having designated a beneficiary, your death benefit will be paid to your default beneficiary as detailed in the following chart. Member’s Civil Status Default Beneficiary Married member Surviving spouse Member with a partner in a civil union* Surviving civil union partner* All other members In the following order of survival: • Member’s issue per stirpes**; if none survive the member then, • Member’s father and mother, in equal shares or all to the survivor; if none survive the member then, • Member’s personal representative of the estate. *Under Colorado Revised Statutes Section 00-00-000, et seq. **As defined in the Colorado Probate Code (or by common meaning if not so defined) Disability While Employed If you are determined by the Colorado Fire and Police Pension Association (FPPA) to have an on-duty total disability or on-duty permanent occupational disability, and you have not elected to participate in the DROP, you will receive the portion of your Contribution Accumulation that qualifies as an on-duty worker’s compensation benefit and should be exempt from federal income taxes. This payment will be made when your employment ends or, if later, the date of determination by FPPA that you have an on-duty disability. If a portion of your Contribution Accumulation remains after this payment, you can elect to receive it as a taxable lump-sum or you can roll it over into an eligible retirement plan or IRA. This payment reduces the FPPA disability benefit otherwise payable under C.R.S. Section 31-31-806.5. If you are determined by FPPA to have a total disability or a permanent occupational disability, but it doesn’t qualify as an on-duty total disability or on-duty permanent occupational disability, you will receive a lump-sum payment of your Contribution Accumulation. This distribution can be paid directly to you or it can be rolled over to an eligible retirement plan or Individual Retirement Account (IRA). This payment reduces the FPPA disability benefit otherwise payable under C.R.S. Section 00-00-000. Income Taxes Any benefit received from this Plan is subject to applicable income tax withholding. When Your Participation Ends Your Plan participation ends when you receive all benefits to which you are entitled under the Plan. Your active participation in the Plan ends when you are no longer an Aurora Police Department employee, or you no longer meet the eligibility requirements. If you are vested in the Plan, you will automatically recei...
Default beneficiaries. To the extent a Beneficiary has not been named by the Participant, and is not designated under the terms of the Investment Arrangement(s), this Plan, or the Adoption Agreement to receive all or any portion of the deceased Participant’s death benefit, such amount shall be distributed to the Participant’s surviving Spouse (if the Participant was married at the time of death) who shall be considered the designated Beneficiary. If a Participant is legally divorced, the former Spouse is not considered the default Beneficiary. If the Participant does not have a surviving Spouse at the time of death, distribution will be made to the Participant’s surviving children (including legally adopted children, but not including step-children), as designated Beneficiaries, in equal shares. If the Participant has no surviving children, distribution will be made to the Participant’s estate. The Employer may modify the default beneficiary rules described in this subparagraph under AA §9-5(a).
