Section 60Part 3 — Defined Contributions
In-service death benefit
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60. If an active defined contribution plan member dies in Service, upon that person's death there shall be paid to the deceased plan member's designated beneficiary an amount equal to the excess, if any, of twelve times the plan member's final average pensionable earnings determined on the date of that person's death over the actuarially equivalent present value determined by reference to Plan actuarial tables of the benefits, if any, payable to the plan member's beneficiaries in accordance with section 59 and rules prescribed by regulations.