DEATH BENEFITS PAYABLE TO SURVIVING SPOUSE AND CHILDREN Sample Clauses

DEATH BENEFITS PAYABLE TO SURVIVING SPOUSE AND CHILDREN. The pension benefits described below are payable to the member’s widow (or widower) provided she or he was living with him or her at the time of his or her death, and provided she or he was married to him or her at the time of his or her retirement if death occurs after retirement, and to his or her qualified dependent children who are unmarried and under age eighteen (18), or over age eighteen (18) if incapacitated from engaging in gainful employment. 1. Where the cause of death does not arise out of and in the course of the member’s employment as defined in the Workers’ Compensation Act, the plan provides the spouse with an annual pension equal to twenty-five percent (25%) of the member’s earnings during his or her last twelve (12) months of employment at full salary, payable monthly until death or remarriage. In addition, the plan provides a monthly pension of One Hundred Dollars ($100.00) for the first qualified surviving child, plus Fifty Dollars ($50.00) monthly for each additional qualified child, payable to the spouse if the children are in her care, or otherwise to their guardian. The total annual pension payments for the surviving spouse and children are not to exceed one hundred percent (100%) of the member’s annual pay at the time of his or her death or retirement. 2. Where death occurs from a cause arising out of and in the course of his or her employment as defined in the Workers’ Compensation Act. For such deaths before retirement, the plan provides the spouse with a pension equal to fifty percent (50%) of the member’s annual pay at the time of death, payable monthly until her death or remarriage. In addition, the plan provides for each qualified surviving child who is unmarried and under age eighteen (18), or over age eighteen (18) if incapacitated from engaging in gainful employment, a pension equal to ten percent (10%) of such annual pay (increased to fifteen percent [15%] if there is no surviving spouse), but the total pensions for the spouse and children are limited to a maximum of seventy-five percent (75%) of the member’s average annual pay for his or her final five (5) years of service. Such pension benefits for the surviving spouse and children are subject to reduction during their compensable period so that the total annual amount including weekly Workers’ Compensation payments shall not exceed one hundred percent (100%) of the member’s annual pay at the time of death. If death occurs after the member retires with a service-connect...
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Related to DEATH BENEFITS PAYABLE TO SURVIVING SPOUSE AND CHILDREN

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree. 2. A surviving eligible retiree who qualifies for a monthly retirement allowance who was married to a retiree who was also eligible for a Grant shall receive the survivor benefit described in D.1., above, or his or her own Grant, whichever is greater. Such retiree shall not be eligible for both Grants.

  • Designation of Beneficiaries The Executive may designate any person to receive any benefits payable under the Agreement upon the Executive’s death, and the designation may be changed from time to time by the Executive by filing a new designation. Each designation will revoke all prior designations by the Executive, shall be in the form prescribed by the Administrator and shall be effective only when filed in writing with the Administrator during the Executive’s lifetime. If the Executive names someone other than the Executive’s spouse as a Beneficiary, the Administrator may, in its sole discretion, determine that spousal consent is required to be provided in a form designated by the Administrator, executed by the Executive’s spouse and returned to the Administrator. The Executive’s beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved.

  • Survivors Benefits Benefits for the surviving family members of individuals who have died from COVID–19, including cash assistance to widows, widowers, or dependents of individuals who died of COVID–19.

  • Death Benefits Upon the Executive’s death during the Contract Period, the Executive’s estate shall not be entitled to any further benefits under this Agreement.

  • Payment of Benefits All or part of the contract benefits may be paid under one or more of the following: - a variable payment plan; - a fixed payment plan; or - in cash. The provisions and rate for variable and fixed payment plans are described in Section 11. Contract benefits may not be placed under a payment plan unless the plan would provide to each beneficiary a monthly income the initial amount of which is at least the minimum payment amount shown on page 4. A Withdrawal Charge will be deducted from contract benefits before their payment under certain conditions described in Section 7.3.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Inalienability of Benefits The benefits provided under this custodial account shall not be subject to alienation, assignment, garnishment, attachment, execution or levy of any kind and any attempt to cause such benefits to be so subjected shall not be recognized except to the extent as may be required by law.

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

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