Payments to beneficiaries

Upon the death of a participant, payment to beneficiaries will be made in accordance with the most recent beneficiary designation on file with the supplemental benefits system. If a valid beneficiary designation is not on file for any form of death benefit, payment for any such death benefit will be made as provided in article VI of the supplemental annuity plan. A payment to a beneficiary who is a minor is subject to AS 13.26.015.