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60-130
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Last modified
1/3/2012 12:37:20 PM
Creation date
6/26/2003 10:27:35 AM
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City Clerk
Doc Type
Resolution
Doc #
60-130
Date
7/5/1960
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The special death benefit provided the widow of a safety member whose <br />death is "in line of duty" is a monthly allowance equal to one-half of <br />the member's "final compensation." If the widow is also eligible for a <br />benefit under the survivor program herein described, she will not receive <br />both benefits, rather she will receive the larger of the two. <br /> <br />COST TO TEE EMPLOYEE <br /> <br /> Each employee will contribute $2.00 a month in addition to his normal retire- <br />ment contributions. He will continue to pay this additional amount until either <br />termination of employment or retirement and under no circumstances will they be <br />refundable. <br /> <br />EFFECTIVE DATE <br /> <br /> These survivor benefits will become effective on (date). <br />All present members of the System will be given the opportunity by written ballot to <br />select this survivor coverage. Persons who choose coverage will remain covered until <br />they terminate their employment or retire. IT IS NOT NOW PROVIDED that persons, who <br />do not choose coverage will be allowed to choose coverage at a later date. <br /> <br /> For agencies not covered under OASDI all future employees would be mandatorily <br />covered under this program. For agencies who are covered under OASDI all future <br />employees are mandatorily covered under OASDI and, therefore, are not eligible for <br />the SERS survivor benefits. <br /> <br /> Under the SERS survivor program~ if a member passes away before retirement <br />leaving a widow and four children, the widow would receive a monthly income of $250 <br />until such time as the three oldest children have passed age 18 (so that she now only <br />has one child under the age of 18) at which time her benefit would be reduced to <br />$180. The $180 would continue to be paid until the last child passes the age of 10 <br />at which time the payment would cease until the widow reaches the age of 62. She <br />would then receive $90 a month for the remainder of her lifetime. The widow ceases <br />to be eligible for her benefit when she remarries although benefits would continue <br />to any remaining children under the age of 18. <br /> <br />Ret. Form 1171-2 (1/60) 300 <br /> <br /> <br />
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