Fulton County |
Code of Ordinances |
SubPart B. CODE OF RESOLUTIONS |
Chapter 154. PERSONNEL |
Article III. PENSIONS |
Division 2. PENSION PLAN OF 1991 |
SubDivision III. Eligibility For Benefits, Amount of Benefits and Commencement of Benefits |
§ 154-142. Death benefits.
(a)
General. Except as otherwise provided in this section, no death benefit shall be payable under the plan. The death benefit payable to a beneficiary shall be equal to 75 percent of the amount the participant:
(i)
Was receiving at the time of death;
(ii)
Would have received had he retired with a normal pension benefit at the time of death; or
(iii)
Would have been receiving as a vested pension benefit had he survived to age 65, as applicable.
If the beneficiary is an eligible spouse or an individual in an eligible certified committed relationship who has not attained age 60 and is more than five years younger than the participant, the beneficiary's death benefit payments will be reduced by one-twelfth of two percent per month for each month that such beneficiary is more than five years younger than the participant. Death benefits shall commence on the first day of the month next following the death of the participant. Death benefits shall be payable to the eligible spouse or an individual in an eligible certified committed relationship during the term of their natural life. Any new spouse of an eligible spouse beneficiary who remarries shall not be entitled to any retiree health, dental, vision, or life insurance benefits and also shall not become a beneficiary under this plan upon the death of the eligible spouse. After the death of the eligible spouse or the individual in an eligible certified committed relationship, death benefits shall be payable to children under the age of 18, until such time as the youngest surviving child shall reach the age of 18 years. Death benefits shall be payable equally to all children of such participant under the age of 18.
(b)
Peace officer; death in the line of duty. If a participant who is a peace officer dies as a result of injuries incurred in the line of duty, the plan shall pay to his eligible spouse (or minor children if he has no eligible spouse) the amount of compensation such peace officer would have received from the employer for one year from his date of death. Any compensation received by the participant, his eligible spouse or children from the employer as a result of the injury shall be deducted from the amount of this death benefit. After death benefit payments under this subsection cease, the participant's beneficiary shall be entitled to a death benefit under subsection (a) of this section, if he would otherwise be eligible to receive such benefit.
(91-RC-669, § 4.11, 12-18-91; Res. No. 06-1060, 11-1-06; Res. No. 08-0158, § 1, 2-20-08)