Source: http://www.law.cornell.edu/uscode/text/50/2071?quicktabs_8=4
Timestamp: 2014-08-20 19:15:06
Document Index: 38499320

Matched Legal Cases: ['§ 2071', '§ 241', '§ 802', '§ 202', '§ 209', '§ 5', '§ 501', '§ 202', '§ 202']

50 U.S. Code § 2071 - Lump-sum payments | LII / Legal Information Institute
Entitlement to lump-sum credit Subject to section 2082
(d) of this title and subsection (b) of this section, a participant who—
Conditions for payment of lump-sum credit (1)
In general Whenever a former participant becomes entitled to receive payment of the lump-sum credit under subsection (a) of this section, such lump-sum credit shall be paid to the former participant and to any former spouse or former wife or husband of the former participant in accordance with paragraphs (2) through (4). The former participant’s lump-sum credit shall be reduced by the amount of the lump-sum credit payable to any former spouse or former wife or husband.
Pro rata share for former spouse Unless otherwise expressly provided by any spousal agreement or court order under section 2094
(b) of this title, a former spouse of the former participant shall be entitled to receive a share of such participant’s lump-sum credit—
Share for former wife or husband Payment of the former participant’s lump-sum credit shall be subject to the terms of a court order under section 2094
(c) of this title concerning any former wife or husband of the former participant if—
payment of the lump-sum credit would extinguish entitlement of such former wife or husband to a survivor annuity under section 2036 of this title or to any portion of the participant’s annuity under section 2094
Notification A lump-sum credit may be paid to or for the benefit of a former participant—
only upon written notification to (i)
the current spouse, if any, (ii)
any former spouse, and (iii)
any former wife or husband who has a court order covered by paragraph (3); and
This paragraph may be waived under circumstances described in section 2031
Order of precedence of payment A lump-sum payment authorized by subsection (d) or (e) of this section 2121
of this title and a payment of any accrued and unpaid annuity authorized by subsection (f) of this section shall be paid in the following order of precedence to individuals surviving the participant and alive on the date entitlement to the payment arises, upon establishment of a valid claim therefor, and such payment bars recovery by any other individual:
Death of former participant before retirement (1)
In general Except as provided in paragraph (2), if a former participant eligible for a deferred annuity under section 2054 of this title dies before reaching age 62, such former participant’s lump-sum credit shall be paid in accordance with subsection (c) of this section.
Limitation In any case where there is a surviving former spouse or surviving former wife or husband of such participant who is entitled to a share of such participant’s lump-sum credit under paragraphs (2) and (3) of subsection (b) of this section, the lump-sum credit payable under paragraph (1) shall be reduced by the lump-sum credit payable to such former spouse or former wife or husband.
Termination of all annuity rights If all annuity rights under this subchapter based on the service of a deceased participant or annuitant terminate before the total annuity paid equals the lump-sum credit, the difference shall be paid in accordance with subsection (c) of this section.
Payment of accrued and unpaid annuity when retired participant dies If a retired participant dies, any annuity accrued and unpaid shall be paid in accordance with subsection (c) of this section.
Termination of survivor annuity An annuity accrued and unpaid on the termination, except by death, of the annuity of a survivor annuitant shall be paid to that individual. An annuity accrued and unpaid on the death of a survivor annuitant shall be paid in the following order of precedence, and the payment bars recovery by any other individual:
So in original. The words “of this section 2121(d)” probably should be “of this section or by section 2121(d)”.
(Pub. L. 88–643, title II, § 241, as added Pub. L. 102–496, title VIII, § 802,Oct. 24, 1992, 106 Stat. 3226; amended Pub. L. 103–178, title II, § 202(a)(11),Dec. 3, 1993, 107 Stat. 2026.)
A prior section 241 ofPub. L. 88–643, title II, Oct. 13, 1964, 78 Stat. 1049; Pub. L. 94–522, title II, § 209,Oct. 17, 1976, 90 Stat. 2471; Ex. Ord. No. 12443, § 5, Sept. 27, 1983, 48 F.R. 44752; Pub. L. 99–335, title V, § 501(2),June 6, 1986, 100 Stat. 622, related to disposition of contributions and interest in excess of benefits received and was set out as a note under section 403 of this title prior to the general amendment of Pub. L. 88–643by section 802 ofPub. L. 102–496.
1993—Subsec. (c). Pub. L. 103–178, § 202(a)(11)(A), substituted “A lump-sum payment authorized by subsection (d) or (e) of this section 2121
(d) of this title and a payment of any accrued and unpaid annuity authorized by subsection (f) of this section” for “A lump-sum benefit that would have been payable to a participant, former participant, or annuitant, or to a survivor annuitant, authorized by subsection (d) or (e) of this section or by section 2054
(b) or 2121
Subsecs. (f), (g). Pub. L. 103–178, § 202(a)(11)(B), added subsec. (f) and redesignated former subsec. (f) as (g).