6290 - Laserfiche WebLink

Home Browse Search

To the employee's surviving spouse, provided such employee shall have been married to such surviving spouse for three years or more prior to the employee' s death, a monthly benefit of fifty (50) percent of the monthly benefit the employee would have received if retired until the death or remarriage of such surviving spouse; To the lawful guardian of such employee's surviving minor unmarried child or children under the age of eighteen (18) years, provided such child or children shall have been born within ten months after the employee's retirement or the employee' s death in service, a monthly benefit often percent of the monthly base salary as previously described for such child or children until such child or children attain the age of eighteen (18) years or marry; provided, the combined monthly payments to such surviving spouse and children shall in no case exceed sixty (60) percent of the monthly base salary, and in which event the thirty-five (35) percent maximum benefit for the eligible children shall be prorated between them; provided, further, that if there is no surviving spouse entitled to benefits in any month, the surviving spouse's benefit will be divided equally among the then eligible children, but no child shall be entitled to more than fifty (50) percent of the surviving spouse's benefit; To a former employee who is eligible for deferred retirement benefits as set forth in Section 2.62.080(B) and has reached the age of fifty-five (55) years, a monthly retirement benefit equal to the following percentage of the base monthly salary in effect at the date the employee ceased to be an employee: Years of Service Percentage of Base Monthly Salary. 10 30% 11 33% 12 36% 13 39% 14 42% 15 45% 16 48% 17 51% 18 54% 19 57% 20 60% 21 61% 22 62% 23 63% 24 64% 25 65% 26 66% 1242538.05 - 7 -