Survivor (Death) Benefits. In the event of the death of a fully vested, active, permanent full-time unit employee, (1) the surviving spouse, or (2) unmarried, orphaned children under the age of 18 years may choose to receive a benefit equal to seventy five percent (75%) of sixty percent (60%) of the employee’s earnable compensation at the time of the employee's death. If there is no surviving spouse, and no qualifying surviving children, a solely dependent father/mother of the deceased employee may choose to receive the benefit equal to 75% of 60% of the employee’s earnable compensation at the time of the employee's death. If there is a surviving spouse who chooses to receive the spousal benefit described above, each child of the deceased permanent full-time unit employee will receive $300 per month until the child reaches age 18 or until the child is married. Benefits paid to unmarried, unit employee children under the age of 18 years shall continue until the earlier of the child's marriage or reaching the age of 18 years, unless the child is disabled, in which case the benefits will continue for the life of that child or during the presence of the disabling condition. An annual cost-of-living adjustment of three percent (3%) will apply beginning five years after the survival benefit begins. The total survival benefit (spouse plus children) will not exceed eighty percent (80%) of the deceased employee’s earnable compensation at the time of the permanent full-time unit employee’s death, and will result in the survivor's benefits being prorated. If death benefits are paid to any survivor, such benefits will be in lieu of the payment of the employee's contributions and earnings to the Defined Contribution Plan, and any employer contributions and earnings to which the employee had a vested right. In the event of the death of a non-fully vested, active, permanent full-time unit employee or in the event that a fully vested employee’s qualified survivors decline the benefits described above, the deceased employee’s designated beneficiaries will receive the employee's contributions and earnings to the Defined Contribution Plan, and any employer contributions and earnings to which the employee had a vested right. In the event of the death of an active, permanent full-time unit employee with no survivor entitled to a death benefit described above, the City will reimburse the employee's estate or the person paying for the employee's funeral expenses in an amount not to exceed $2,500 or one- h...
Survivor (Death) Benefits. Effective July 13, 2009, the City implemented the PERS contract amendment to include: (a) the Level 4 1959 PERS Survivor’s Benefit program (section 21574) and (b) the Pre-Retirement Optional Settlement 2 Death Benefit (section 21548).
Survivor (Death) Benefits. Effective July 13, 2009, the City implemented the CalPERS contract amendment to include: (a) the Level 4 1959 PERS Survivor’s Benefit program (Section 21574) and (b) the Pre-Retirement Optional Settlement 2 Death Benefit (Section 21548).
Survivor (Death) Benefits. Pre-retirement death benefits under the Pension Plan shall be payable to the participant's spouse, if the participant is married, unless such spouse has waived his or her right to this survivor annuity in favor of another beneficiary. If the participant is not married, the participant may designate another beneficiary.
