Investor Presentaiton
29
Death Payments
Death
In the Line of Duty
(i.e., firefighter dies
while fighting a fire)
Presumption
(i.e., state trooper suffers
a heart attack while working
or on a day off and dies)
Virginia
Retirement
RS System
One-time death benefit payment to the
beneficiary, as follows:
$100,000 when a death occurs as the
direct or proximate result of performing
duty as of January 1, 2006, or after.
$25,000 when the cause of death is
attributed to one of the applicable
presumptions and occurred earlier than
five years after the retirement date.
An additional $20,000 benefit is payable
when certain members of the National
Guard and U.S. military reserves are
killed in action in any armed conflict on
or after October 7, 2001.View entire presentation