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74-017
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Last modified
1/3/2012 12:34:54 PM
Creation date
6/26/2003 10:46:47 AM
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City Clerk
Doc Type
Resolution
Doc #
74-17
Date
2/4/1974
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An employee becoming disabled for reasons not connected with hie employment shall <br />be eligible for disability retirement provided he has at least 5 years of service; <br />auch disability allowance is equal to 1.8% of final compensation for each year of <br />service, with a guarantee of 1/3 of' such final compensation for most employees who have <br />rendered at least l0 years of .~ervice. The "ordinary" disability retirement allowance <br />shall under no circumstances exceed the service retirement allowance which would <br />become payable at age 60 if employment could be continued to that age, <br /> <br />DEATH BENEFITS <br /> <br />.Death Before Retirement <br /> <br />Basic Death Benefit This benefit is a refund of the member's accumulated <br /> contributions plus six months' salary provided he has been a member <br /> for six-years or more. For those who die before completfn~ six years <br /> of membership, the benefit is one month's salary for each year of <br /> membership plus refund of contributions. The salary referred to ia <br /> that earned during the year preceding death. Prior service does not <br /> count toward this benefit. <br /> <br />Industrial Death If death is service-connected in the ~udgment of the <br /> Industrial Accident Commission, a monthly income is paid to the widow <br /> for life (or until remarriage) instead of the above basic death <br /> benefit. However, if she is also eligible for survivor benefits from <br /> Social Security because of ~%~ me~er's death, the State system <br /> benefit will be reduced by the amount of such Social Security so long <br /> as Social Security benefits are payable (usually until the youngest <br /> child reaches 18 and after the widow reaches age 62). The total, <br /> including Social Security, would be 50% of "final compensation". If <br /> death was caused by external violence or physical force, the total <br /> benefit (including Social Security) would be increased to the follow- <br /> ~ng percentages of "final compensation" so long as the widow lives <br /> and does not remarry: <br /> <br />Widow with 3 or more children under 18 75~ <br />Widow with 2 children under 18 70~ <br />Widow with 1 child under 18 62~ <br /> <br />1957 <br /> <br />Survivor Benefit Employees with 5 or more years of service who have <br />reached the minimum age for service retirement have further death <br />protection ~der this item. Here the survivin~ widu~ can elec~ to <br />receive either the basic death benefit or a monthly income equal.to <br />one-half the unmodified retirement allowance the employee was elisible <br />for on the date of his death. The monthly income lasts until the <br />widow's death or remarriage with a guarantee that the System will pay <br />as much as under the basic death benefit. <br /> <br />1959 Survivor Benefit A monthly allowance shall be paid to certain sur- <br /> vivors of a member who dies before retirement. <br /> <br /> <br />
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