12. WHAT DEATH BENEFITS ARE AVAILABLE?

If you die after distribution of your Individual Account Balance has begun, death benefits will depend on the form of payment you have chosen.

If you die before distribution of your Account has begun, your Account will be distributed to your beneficiary. The amount of distribution will be equal to:

1. your Individual Account determined as of the valuation date coinciding with or immediately before the distribution,
2. plus any contributions paid into your Account since the most recent valuation date,
3. minus any distributions made from your Account since the most recent valuation date.

If you are married, your beneficiary will be your spouse, unless your spouse has provided written and notarized consent to the designation of another person as your beneficiary. If your Individual Account is greater than $5,000.00, payment will be made in the form of a lifetime annuity, with monthly payments to your spouse for life. However, instead of a lifetime annuity, your spouse may elect a single sum distribution. If your Individual Account is $5,000.00 or less, it will be paid in a single sum.

If you are not married, your beneficiary will be the beneficiary you have designated to receive benefits under the Plan, and payment will be paid in a single lump sum.

If an unmarried participant has not designated a beneficiary, payment will be made to the person or persons in the first of the following classes in which members survive the participant:

1. children,
2. parents,
3. brothers and sisters.