Police and Fire Plan
For Tier 1, 2, 5 and 6 Members, and Tier 3 Members Covered by Article 11
(Sections 375-b and 375-c)
Ordinary Death Benefit
This benefit is equal to 1/12th (8.33 percent) of your last year’s earnings, multiplied by your years of service credit, up to 36 years.
Alternative Death Benefit
If you die while in service after age 55, an alternative death benefit may be payable. This benefit would be equal to the initial value of your pension under the provisions of the Non-Contributory Retirement Plan (Section 375-c) as of your date of death.