benetits are net wag- within the meaning of Seotfon (0) of Artlole S%aSb-1'7,euprq due to th8 V8w n&&We OS thee batnetits,the unplaree i$ IzW~T entitled to thmi~during his lifetime and the bme1Piofary doea not parfonn ay urvlosr ~OF the employer gor which the beneriitsare.pnld. For the reemna herstolore dtsouese4 we ax@ of the OQi5bn that certain paymntsr made to a benefialary Ln oaae of the death of a person drawleg a psnaion f?oplthe G-any, are net wages within the RUning ot Seation (0) of b'tfel. 6%31b*17, N&W%.
Eon. Claude A. Willlaam, page 7
x'eexpress no opinion as to whether or not any pyments made to employeeswould be wages within thoaaa&ng of Section (0) of Artiale S221b-17 should the Plan be tar- minated by the Company, Yours very truly A!lToRwEYGXWBRAL or TBUS