Beneficiary

1.08 - Beneficiary means the Participant's Surviving Spouse at the date of the Participant's death and the Surviving Spouse's estate with respect to any benefit due but not paid at the subsequent death of the Surviving Spouse. If the Participant did not have a Surviving Spouse at the time of death, if the Surviving Spuse has waived entitlement to the Pre-retirement Surviving Spouse Benefit as required under the Pension Benefits Act, or if the Participant's Surviving Spouse consents in writing to, and acknowledges the effect of, a designation of another Beneficiary, then "Beneficiary" means the first of the following classes of Persons in the order named with a living member on the respective dates that benefits are payable:

• The Beneficiary designated by the Participant, as herein provided, in the proportions and in the order provided in the designation, or if no provision is made, in equal shares;
• The Spouse to whom the Participant was married at the time of his or her death and the Spouse's estate with respect to any benefit due but not paid at the subsequent death of the Spouse;
• The Participant's natural and adopted children in equal shares, provided that the then living issue of any deceased child shall take their parent's share by right of representation;
• The Participant's parents, in equal shares;
• The Participant's brothers and sisters, in equal shares.