Who are the beneficiaries of my Pension Plan?

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a) For supplementary unrestricted capital:

These would be the persons designated in the last express designation (membership form of the Pension Plan or subsequent modification of the same, or will where the Pension Plan expressly appears). If there is no designation, the provisions of the law for intestate succession will be taken into account.

b) For GUARANTEED MINIMUM INCOME:

They would be the legal spouse (bearing in mind that separated persons continue to have a legal spouse until there is a court or legal divorce decree) and children under 25 years of age (or incapacitated adults). In the first case she would be entitled to a widow’s pension and in the second case to an orphan’s pension.

When there are children under the age of 25 and there is no legal spouse, the widow’s/widower’s pension is divided among the children, increasing the percentage of the benefit to be received.

If, once these pensions have been built up, there is any remaining vested rights, these will be paid to the same persons as the unrestricted capital. The form of receiving the remainder would be the one chosen among the benefit modalities established for the retirement contingency.