Common use of 1959 Survivor's Benefits - Fifth Level Clause in Contracts

1959 Survivor's Benefits - Fifth Level. A. Employees in Bargaining Unit 14 who are members of the Public Employee's Retirement System (CalPERS) will be covered under the Fifth Level of the 1959 Survivor's Benefit, which provides a death benefit in the form of a monthly allowance to the eligible survivor in the event of death before retirement. This benefit will be payable to eligible survivors of current employees who are not covered by Social Security and whose death occurs on or after the effective date of the memorandum of understanding for this section. B. The contribution for employees covered under this new level of benefits will be $2 per month. The rate of contribution for the State will be determined by the CalPERS board. C. The survivor's benefits are detailed in the following schedule: 1. A spouse who has care of two or more eligible children, or three or more eligible children not in the care of spouse $1,800. 2. A spouse with one eligible child, or two eligible children not in the care of the spouse $1,500. 3. One eligible child not in the care of the spouse; or the spouse, who had no eligible children at the time of the employee's death, upon reaching age 62 ………………………………….……..…………………………………….... $750.00.

1959 Survivor's Benefits - Fifth Level. A. Employees in Bargaining Unit 14 this unit who are members of the Public Employee's Employees’ Retirement System (CalPERSPERS) will be covered under the Fifth Level of the 1959 Survivor's Survivors’ Benefit, which provides a death benefit in the form of a monthly allowance to the eligible survivor in the event of death before retirement. This benefit will be payable to eligible survivors of current employees who are not covered by Social Security and whose death occurs on or after the effective date of the memorandum of understanding for this section. B. The contribution for employees covered under this new level of benefits will be $2 per month. The rate of contribution for the State will be determined by the CalPERS PERS board. C. The survivor's survivors’ benefits are detailed in the following schedule: 1. A spouse who has care of two or more eligible children, or three or more eligible children not in the care of spouse spouse: $1,800. 2. A spouse with one eligible child, or two eligible children not in the care of the spouse spouse: $1,500. 3. One eligible child not in the care of the spouse; or the spouse, who had no eligible children at the time of the employee's ’s death, upon reaching age 62 62: ………………………………….……..…………………………………….... ………………………………………………$750.00.750

1959 Survivor's Benefits - Fifth Level. A. Employees in Bargaining Unit 14 this unit who are members of the Public Employee's Employees’ Retirement System (CalPERSPERS) will be covered under the Fifth Level of the 1959 Survivor's Survivors’ Benefit, which provides a death benefit in the form of a monthly allowance to the eligible survivor in the event of death before retirement. This benefit will be payable to eligible survivors of current employees who are not covered by Social Security and whose death occurs on or after the effective date of the memorandum Memorandum of understanding Understanding for this section. B. The contribution for employees covered under this new level of benefits will be $2 per month. The rate of contribution for the State will be determined by the CalPERS boardPERS Board. C. The survivor's survivors’ benefits are detailed in the following schedule: 1. A spouse who has care of two or more eligible children, or three or more eligible children not in the care of spouse spouse… $1,800. 2. A spouse with one eligible child, or two eligible children not in the care of the spouse spouse… $1,500. 3. One eligible child not in the care of the spouse; or the spouse, who had no eligible children at the time of the employee's ’s death, upon reaching age 62 ………………………………………………………………………………………$750.……..…………………………………….... $750.00.