Home >  Term: survivor benefits
survivor benefits

A series of payments to the dependents of deceased employees. Survivor benefits come in two types: First, the "transition" type pays the named beneficiary a monthly amount for a short period (usually 24 months). Transition benefits may then be followed by "bridge benefits," which are a series of payments that last until a specific date, usually the surviving spouse's 62nd birthday.

0 0

Δημιουργός

  • Levi Taylor
  •  (Bronze) 316 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.