(a) If a former member who is eligible for a vested allowance dies before payment of the vested allowance starts, the Board of Trustees, after receiving proof of death, shall pay the former member's accumulated contributions to: (1) the designated beneficiary; or (2) if there is no designated beneficiary, the former member's estate. (b) If a former member who is not eligible for a vested allowance dies before withdrawing the former member's accumulated contributions, the Board of Trustees, after receiving proof of death, shall pay the former member's accumulated contributions to: (1) the designated beneficiary; or (2) if there is no designated beneficiary, the former member's estate.
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