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Res69 5888
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Res69 5888
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Last modified
8/30/2010 3:06:22 PM
Creation date
8/30/2010 3:06:20 PM
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Regular
Agency Type
City Council
Date
1/27/1969
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<br />.....'-0..... <br /> <br />t'~ r: <br /> <br />.' <br /> <br />.. <br /> <br />EXHIBIT B <br /> <br />Benefits to Employees Under <br />SERS SURVIVOR BEdEFITS <br />(Benefits ~rovided by Sections 21330-21387 of the Retirement Law) J <br /> <br />i_ <br /> <br />B Ei:JEFI TS <br /> <br />Survivors of members -:;'Jho elect covera,ge under the SE.."RS survivor program and <br />whose death occurs before retirement ~Till receive a monthly'life income as follows: <br /> <br />Widow and two or more dependent children <br />or <br />'Three or more dependent children, atone <br /> <br />$2.50 <br /> <br />Widow and one dependent child <br />or <br />Two dependent children, alone <br /> <br />$180 <br /> <br />; <br /> <br />vJidow, alone, age 62 (\.ridovler age 65) <br />or <br />One dependent child, alone <br /> <br />$ 90 <br /> <br />If there is no vridow or dependent child, then <br />to each dependent parent (mother 62, father 6.5) <br /> <br />$ 90 <br /> <br />'Conditions: <br /> <br />1. A dependent child is one under the age of 18 and unmarried, or a disabled <br />child of any age who has been continuously disabled since age 18. <br /> <br />2. A Widow ceases to be eligible for a benefit upon her remarriage. <br /> <br />''Jr... <br /> <br />3. A vridower will be eligible for' a benefit the smne as a vudow provided he <br />was dependent upon the deceased member for at least one-half of his <br />support II <br /> <br />; <br />! <br />i <br /> <br />4. The basic death benefit currently included in your retirement program pro- <br />vides that should a member die prior to his retirement, his beneficiary <br />, irlOuld be paid the memberls accumulated contributions plus an additional <br />amount equal to one~monthTs salary ,for "each year of service, ~p to a m2~imum <br />of six,m9nths., The ab~ve survivor benefits will be payable in addition to <br />any basic death benefit the survivor may be ent:itled to receive. <br /> <br />.5. If a member is ~overed under b~th ;the SERS 1959 Survivor Benefit described <br />above and the survivor benefits as iJrovide'd in 'Section 21365.5 (1957 <br />Survivors Benefit) of the Retirement Law, the survivor will be paid <br />both benefits. <br /> <br />;, <br /> <br />i I <br /> <br />Ret. Form 1171-1 (10/66) 2('9 <br />
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