8 Death Benefits If you took a distribution of your TRF My Choice DC funds and Rollover Pre-Tax Contribution funds, as applicable, and you have no balance remaining, then there are no death benefits to be paid. 8.1 Death Benefit If a TRF My Choice member dies (1) while employed in a position covered by the plan or (2) after terminating employment in a My Choice covered position but before withdrawing the member's account (to the extent that the member is vested) the member's account shall be paid to the beneficiary or beneficiaries designated by the member and on file with INPRS. If you do not designate a beneficiary, or if your beneficiary pre-deceases you, your assets will automatically pass to: 1. a surviving spouse, 2. surviving dependents in equal shares, if you do not have a surviving spouse, or 3. your estate if you do not have a surviving spouse or dependents. The designated beneficiary or beneficiaries or a survivor (as determined by the above) may elect to have the member’s account paid as a:  Lump sum; or  Direct rollover to another eligible retirement plan, or  An annuity if the account balance is at least $5,000 (for MetLife annuity) and the beneficiary or spouse is at least 62 years old. NOTE: Effective January 1, 2022, the RMD rules for beneficiaries are modified if you die after December 31, 2021, and includes updated information regarding the beneficiary. See Chapter 10 for more RMD information. In the event of your death, INPRS must be notified so that your beneficiaries receive their payments promptly. INPRS needs a copy of the death certificate to make any distributions of available balances. Although employers may inform INPRS of your death, the death certificate is required. TRF My Choice: Retirement Savings Plan Member Page 24 of 30 Handbook Effective: 07/01/2024