Retiree Death Benefit. A. The amount of death benefit on each employee retired prior to January 1, 1970 is one thousand dollars ($1,000) as prescribed by appropriate ordinance. B. Regular, full time employees who retire on or subsequent to January 1, 1970 but prior to March 1, 1977, will be provided with a maximum of two thousand dollars ($2,000) as a death benefit. The cost of said benefit shall be paid in full by the Municipality. C. Regular, full time employees who retire on or after March 1, 1977 will be provided with a maximum of four thousand dollars ($4,000) as a death benefit. The cost of said benefit shall be paid in full by the Municipality.
Appears in 5 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
