; (B) monthly income until the normal or maximum Social Security retirement age for the participant or surviving spouse, if applicable; and (C) automatic, regular withdrawals, under which a set percentage of initial capital is withdrawn each year, on a monthly basis. (2) Death of participant In case of death of a participant, a lump sum shall be paid to designated beneficiary. 806. UP Savings Accounts (a) In general In addition to a standard UP Retirement Account under section 805, a participant may maintain an UP Savings Account, established by the Board, and designed as safe, short- to medium-term savings vehicles. (b) Contributions