What is the amount?
The following criteria must be considered:
- Widow/Widower – 75% of the age or invalidity pension in payment to the deceased insured person at the date of his death.
- If the deceased person was not in receipt of age or invalidity pension he/she is paid 75% of the age pension earned up to the date of death.
- Children – 25% of the age or invalidity pension in payment to the deceased person at the date of death; or amount of age pension earned up to the date of death.
- Orphan pension – The amount payable is fifty percent (50%) but the rate cannot be greater than the amount of the age or invalidity pension that would have been payable to the deceased insured person at the time of death.
- Where there is no spouse, the full amount of survivors’ may be paid to the eligible children
Average Annual Insurable Earnings = Best 5 years salary over career/5
Weekly rate = Average Annual Insurable x (30 to 60%)/No. of weeks in the year
Monthly pension = Weekly rate x no. of weeks in the month
|YEARS||ANNUAL SALARY||WEEKLY CONTRIBUTIONS|
Best 5 years = $18,720 + $18,720 + $18,720 + $18,720 + $18,720
Average = $93,600/5 = $18,720
Annual Benefit Rate = 18,720 x 30% = 5,616
Weekly Benefit Rate = 5,616/52 x 75% = $180.00 x 75% = $81.00
The minimum Survivors’ Pension for surviving spouse is $52.50 per week.
Survivors’ Pension for children = Deceased weekly benefit rate x 25% = $108 x 25% = $27.00
If there is one surviving child he/she will receive $27.00 per week. Orphans will receive 50% of the deceased weekly benefit rate.
However, if there are 2 or 3 children each child will receive $17.50 because the minimum survivors’ benefit per child is $17.50 per week.
If the amount available for pension is insufficient for distribution to all children, the Director has the authority to decide which children should be awarded the pension.
What are the Benefits For Surviving Parents?
A benefit is payable to a surviving parent on the death of an insured person where
- there is no surviving spouse or dependent children
- the parent received at least 50% of his/her income from the insured person
- where the parent is at least 60 years of age
Amount Of Benefit
50% of the age or invalidity pension in payment to the deceased person at date of death, or amount of age pension earned up to the date of death.
Benefit Calculation of Surviving Parent (an example)
Take weekly benefit rate and find 50%
$108 x 50% = $54 per week
How Can You be Disqualified?
What is it?
This is a lump sum payment made to the survivors of the deceased insured person.
How and When do You Claim?
A claim for Survivors’ Benefit should be made within three (3) months of the date of death of the insured person and should be accompanied by evidence of the relationship (marriage, birth and death certificates, etc.).
Please note the following:
- The pension will be paid to 3 children at one time.
- The children will receive the benefit until they are 18 or 21 if still in full-time education.
- If there are no children and the surviving spouse is under 55 years, the benefit will be paid for 1 year. However, if there are children the spouse will receive the benefit until the children reach age 18 or 21 if still in school.
- If the surviving spouse is 55 and over when child/children turn 18/21 the benefit will be paid for life. However, if the surviving spouse has contributed to the scheme, he/she will be eligible for an age pension at retirement at which time the higher of the two benefits will be paid.
- The benefit will cease upon remarriage/cohabitation or if the widow bears a child.