Huston Estate

Opinion by

Mr. Justice Cohen,

This case involves the construction of §316 of the Inheritance and Estate Tax Act of 1961, Act of June 15, 1961, P. L. 373, 72 P.S. §2485-316. That section provides in pertinent part: “Payments under pension, stock-bonus or profit-sharing plans, to distributees designated by decedent or designated in accordance with the terms of the plan, other than the estate of the decedent, are exempt from inheritance tax to the extent that decedent before his death did not otherwise have the right to possess (including proprietary rights at termination of employment), enjoy,…