(a) Upon receipt of proof of a participantâs death, the beneficiary or beneficiaries shall be entitled to a death benefit that is a lump sum distribution of the balance remaining in the participantâs account. (b) If the participant died prior to termination of employment or distribution of all of the contributions and earnings credited to the participantâs account, the lump sum distribution shall be an amount that is equal to the balance remaining in the participantâs account. (c) Application for the distribution shall be made on an application form and in the manner prescribed by the board.
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