Common use of Bridge Survivor Income Benefit Clause in Contracts

Bridge Survivor Income Benefit. There shall also be payable in accordance with the terms and conditions of this subsection to a Class A eligible survivor, both terms as defined in subsections (a)(1) and (2) above, who is 45 years of age or more on the date of the employee's death, or whose age (to the nearest 1/12) when combined with the employee's years of creditable service under the Retirement Plan, both of which to be determined as of the date of the employee's death, totals 55 or more, and who has received 24 monthly payments of the Transition Survivor Income Benefit provided in subsection (a) above, an additional survivor income benefit (hereinafter referred to as a Bridge Survivor Income Benefit). Effective December 1, 2009 the amount of the Bridge Survivor Income Benefit payable to a Class A Survivor shall be $825.00 per month for any such benefit payable for months commencing on or after December 1, 2009 but before October 1, 2010 and $875.00 for any such Benefit payable for months commencing on or after October 1, 2010, except that for any month in which the survivor has dependent child as defined in subsection (a)(2) above, the amount of the Bridge Survivor Income Benefit shall be $900.00 per month for any such month commencing on or after December 1, 2009 but before October 1, 2010 and $950.00 per month for any such month commencing on or after October 1, 2010. Such benefit shall be paid as follows:

Appears in 2 contracts

Samples: Agreement, Agreement

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Bridge Survivor Income Benefit. There shall also be payable in accordance with the terms and conditions of this subsection to a Class A eligible survivor, both terms as defined in subsections subsection (a)(1) and (2) above, who is 45 years of age or more on the date of the employee's death, or whose age (to the nearest 1/12) when combined with the employee's years of creditable service under the Retirement Plan, both of which to be determined as of the date of the employee's death, totals 55 or more, and who has received 24 monthly payments of the Transition Survivor Income Benefit provided in subsection (a) above, an additional survivor income benefit (hereinafter referred to as a Bridge Survivor Income Benefit). Effective December July 1, 2009 2010 the amount of the Bridge Survivor Income Benefit payable to a Class A Survivor shall be $825.00 per month for any such benefit payable for months commencing on or after December July 1, 2009 2010 but before October 1, 2010 and $875.00 for any such Benefit benefit payable for months commencing on or after October 1, 2010, except that for any month in which the survivor has a dependent child as defined in subsection (a)(2) above, the amount of the Bridge Survivor Income Benefit shall be $900.00 per month for any such month commencing on or after December July 1, 2009 2010 but before October 1, 2010 and $950.00 per month for any such month commencing on or after October 1, 2010. Such benefit shall be paid as follows:

Appears in 1 contract

Samples: Agreement

Bridge Survivor Income Benefit. There shall also be payable in accordance with the terms and conditions of this subsection to a Class A eligible survivor, both terms as defined in subsections (a)(1a) and (21) above, who is 45 years of age or more on the date of the employee's death, or whose age (to the nearest 1/12) when combined with the employee's years of creditable service under the Retirement Planretirement plan, both of which to be determined as of the date of the employee's death, totals 55 or more, and who has received 24 twenty-four (24) monthly payments of the Transition Survivor Income Benefit provided in subsection (a) above, an additional survivor income benefit (hereinafter referred to as a Bridge Survivor Income Benefit). Effective December October 1, 2009 2002 the amount of the Bridge Survivor Income Benefit payable to a Class A Survivor survivor shall be $825.00 750.00 per month for any such benefit payable for months commencing on or after December October 1, 2009 2002 but before October 1, 2010 2003 and $875.00 775.00 for any such Benefit benefit payable for months commencing on or after October 1, 20102003, except that for any month in which the survivor has a dependent child as defined in subsection (a)(2a) (2) above, the amount of the Bridge Survivor Income Benefit shall be $900.00 per month for any such month commencing on or after December 1, 2009 but before October 1, 2010 and $950.00 825.00 per month for any such month commencing on or after October 1, 20102002 but before October 1, 2003 and $850.00 per month for any such month commencing on or after October 1, 2003. Such benefit shall be paid as follows:

Appears in 1 contract

Samples: Agreement

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Bridge Survivor Income Benefit. There shall also be payable in accordance with the terms and conditions of this subsection to a Class A eligible survivor, both terms as defined in subsections subsection (a)(1) and (2) above, who is 45 years of age or more on the date of the employee's death, or whose age (to the nearest 1/12) when combined with the employee's years of creditable service under the Retirement Plan, both of which to be determined as of the date of the employee's death, totals 55 or more, and who has received 24 monthly payments of the Transition Survivor Income Benefit provided in subsection (a) above, an additional survivor income benefit (hereinafter referred to as a Bridge Survivor Income Benefit). Effective December October 1, 2009 2002 the amount of the Bridge Survivor Income Benefit payable to a Class A Survivor shall be $825.00 750.00 per month for any such benefit payable for months commencing on or after December October 1, 2009 2002 but before October 1, 2010 2003 and $875.00 775.00 for any such Benefit benefit payable for months commencing on or after October 1, 20102003, except that for any month in which the survivor has a dependent child as defined in subsection (a)(2) above, the amount of the Bridge Survivor Income Benefit shall be $900.00 per month for any such month commencing on or after December 1, 2009 but before October 1, 2010 and $950.00 825.00 per month for any such month commencing on or after October 1, 20102002 but before October 1, 2003 and $850.00 per month for any such month commencing on or after October 1, 2003. Such benefit shall be paid as follows:

Appears in 1 contract

Samples: Agreement

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