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). The amount of the Bridge Survivor Income Benefit payable to a Class A Survivor shall be $875.00 per month, 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 $950.00 per month. Such benefit shall be paid as follows:

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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