Common use of Survivors Benefits Clause in Contracts

Survivors Benefits. a. Employees in Unit 5 who are members of the Public Employees’ Retirement System (PERS) will be covered under the Fifth level of the 1959 Survivor’s Benefit, which provides a death benefit in the form of a monthly allowance to the eligible survivor in the event of death before retirement. This benefit will be payable to eligible survivors of current employees who are not covered by social security and whose death occurs on or after the effective date of the memorandum of understanding for this section.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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Survivors Benefits. a. Employees in Unit 5 who are members of the Public Employees’ Retirement System (PERS) will be covered under the Fifth level of the 1959 Survivor’s Benefit, which provides a death benefit in the form of a monthly allowance to the eligible survivor in the event of death before retirement. This benefit will be payable to eligible survivors of current employees who are not covered by social security Social Security and whose death occurs on or after the effective date of the memorandum of understanding for this section.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

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