1971- Valuations - Laserfiche WebLink

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Industrial Death. If death is service -connected in the judgment of the Industrial Accident Commission, a monthly income is paid to the widow for life (or until remarriage) instead of the above basic death benefit, or 1957 Survivor Benefit. The total would be 50% of "final compensation". If death was caused by external violence or physical force, the total benefit would be increased to the following percentages of "final compensation" so long as the widow _lives and does not remarry: Widow with 3 or more children under 18 75% Widow with 2 children under 18 701 Widow with 1 child under 18 62;% 1957 Survivor Benefit optional to contracting agencies) Employees with 5 or more years of service who have reached the minimum age for service retirement have further death protection under this item. Here the surviving widow can elect to receive either the basic death benefit or a monthly income equal to one-half the unmodified retirement allowance the employee was eligible for on the date of his death. The monthly income lasts until the widow's death or remarriage with a guarantee that the System will pay as much as under the basic death benefit. 1959 Survivor Benefit (optional to contracting agency) The 1959 Survivor Benefit is paid monthly to the surviving widow (or dependent widower), and children until they reach age 18, unless married before that age. It applies only to those members who have this coverage (as evidenced by a $2.00 monthly payroll deduction). Monthly benefits are: Eligible Survivors Monthly Benefit An eligible surviving widow (or dependent widower) until remarriages with two or more dependent children; or three eligible children alone... ......... I ............ $250 Same --with one eligible child; or two eligible children alone.,- ..................................... 180 Surviving widow at age 62 (or dependent widower at age 65), not remarried; or one eligible child ................. 90 Dependent parents may be eligible for benefits if there are no other survivors. DEATH AFTER RETIREMENT Upon death after retirement the System will pay $500 in a lump sum to the beneficiary designated by the member. If you choose to retire on the "unmodified" allowance, this $500 will be the only benefit paid. One -Half Continuance One-half continuance (optional to contracting agencies) provides that upon the death of a local safety member after retirement for service or industrial disability, one- half his retirement allowance shall be continued to his surviving wife (provided she was married to him at least one year prior to retirement) throughout her life or until her remarriage. Should there be children under the age of 18 but no surviving wife (or the surviving wife has died or remarried) then one-half his retirement Ret. Form 1589-7 (1/69)