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.
- Part of Speech: noun
- Industry/Domain: Labor
- Category: Labor statistics
- Company: U.S. DOL
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Creator
- Levi Taylor
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