Common use of FOURTH LEVEL OF 1959 SURVIVOR BENEFITS Clause in Contracts

FOURTH LEVEL OF 1959 SURVIVOR BENEFITS. The District will amend its PERS contract to provide for the Fourth Level of 1959 Survivor Benefits for Safety Members pursuant to Government Code Section 21574 pursuant to CalPERS requirements. The covered employees will bear all costs for this benefit. To that end, the employer contribution will be deducted from the Member Surplus in the 1959 Survivor Benefits Account until such time as that account is exhausted. Thereafter, deductions will be made from the paychecks of covered employees to cover the employer cost. The employee will continue to be responsible for the employee contribution.

FOURTH LEVEL OF 1959 SURVIVOR BENEFITS. ‌ The District will amend its PERS contract to provide for the Fourth Level of 1959 Survivor Benefits for Safety Members pursuant to Government Code Section 21574 pursuant to CalPERS requirements. The covered employees will bear all costs for this benefit. To that end, the employer contribution will be deducted from the Member Surplus in the 1959 Survivor Benefits Account until such time as that account is exhausted. Thereafter, deductions will be made from the paychecks of covered employees to cover the employer cost. The employee will continue to be responsible for the employee contribution.