Common use of Death or Retirement Clause in Contracts

Death or Retirement. (a) In the event of the death or retirement of a member, longevity due for that year will be paid through the date of death or retirement on the same basis as partial year payment computations. It will not be paid on any terminal pay, but will be paid as a lump sum with any earned terminal pay. (b) If a member's employment date falls from the first through the fifteenth of the month, longevity will be computed from the first of that month (c) If a member's employment date falls from the sixteenth through the last day of the month, longevity will be computed from the first of the next month.

Death or Retirement. (a) In the event of the death or retirement of a member, longevity due for that year will be paid through the date of death or retirement on the same basis as partial year payment computations. It will not be paid on any terminal pay, but will be paid as a lump sum with any earned terminal pay. (b) If a member's ’s employment date falls from the first through the fifteenth of the month, longevity will be computed from the first of that month (c) If a member's ’s employment date falls from the sixteenth through the last day of the month, longevity will be computed from the first of the next month.