An ordinary death benefit may be payable to your designated beneficiary if you have 90 days of service and your death occurs:
- While you are on the payroll; or
- While you are on an authorized medical leave for up to two years (which may be extended for an additional two years); or
- While you are receiving Workers’ Compensation or other employer-funded benefits for up to two years (which may be extended for an additional two years) as long as you have not resigned or are not terminated while receiving those benefits; or
- Within 12 months of the last date you were receiving salary, provided you were not otherwise gainfully employed during that period.
Your ordinary death benefit would equal three times your salary raised to the next highest multiple of $1,000. The salary is limited by Section 130 of the Civil Service law.
The first $50,000 of this benefit is paid in the form of group term life insurance, which is currently exempt from federal income tax. Your accumulated contributions are also payable to your beneficiary.
Your family or employer should notify us of your death as soon as possible so we can send the appropriate forms to your beneficiary.