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Amendment-74-14
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Amendment-74-14
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DEATH BEFORE R.ETIP.EMEN <br />BASIC DEATH BENEFIT, continued <br />salary for each year of membership plus refund of contributions. The salary <br />referred to is that earned during the year preceding death. Service prior <br />to membership does not count toward this benefit. <br />If death is service -connected in the judgment of the Industrial Accident Commis- <br />sion, a monthly income is paid to the widow for life (or until remarriage) <br />instead of the above basic death benefit. However, if she is also eligible for <br />survivor benefits from Social Security because of the member's death, the Public <br />Employees' Retirement System benefit will be reduced by the amount of such Social <br />Secu'ri'ty so long as Social Security benefits are payable (usually until the <br />youngest child reaches 18 and after the widow reaches age 62). The total, inclu- <br />ding Social Security, would be 50% of "final compensation". If death was caused <br />by external violence or physical force, the total benefit (including Social Secur- <br />ity) would be increased to the following percentages of "final compensation" so <br />long as the widow lives and does not remarry° <br />Widow <br />with <br />3 or more children under 18 years <br />75% <br />Widow <br />with <br />2 children under 18 years <br />70% <br />Widow <br />with <br />I child under 18 years <br />62'z% <br />1957 SURVIVOR BENEFIT <br />Employees with five (5) or more years of service who have reached the minimum age <br />for service retirement have further death protection under the 1957 Survivors <br />program. The surviving widow can elect to receive either the basic death benefit <br />or a monthly income equal to one-half the unmodified retirement allowance the <br />employee was eligible for on the date of his death if she was married to him at <br />least one year prior to death. The monthly income lasts until the widow's death <br />or remarriage with a guarantee that the Public Employees' Retirement System will <br />pay as much as under the basic death benefit. <br />1959 SURVIVOR BENEFIT (Optional. to Contracting Agency Without Social Security) <br />The 1959 Survivor Benefit is paid monthly to the surviving widow (or dependent <br />widower), and children until they reach 18 years, unless married before that age. <br />It applies only to those members who have this coverage (as evidenced by a $2.00 <br />monthly payroll deduction). Monthly benefits are; <br />Elible Survivors Monthly Benefit <br />An eligible surviving widow (or dependent widower) <br />until remarriage, with two or more dependent <br />children; or three eligible children alone.........,. $430.00 <br />Same -- with one eligible child, or two eligible <br />children alone ....................................... $360.00 <br />Survi.vi,ng widow at age 62 (or dependent widower at <br />age 65), not remarried; or one eligible child alone.. $180.00 <br />Dependent parents may be eligible for benefits if there are <br />no other survivors. <br />
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