NYC 9/11 Public Portal Document
SEP-27-2001 11:12 FISA— EXECUTIUE OFFICE 1 212 857 1106 P.07
Mr. Bud C. Larson
September 25, 2001
Page 4
Annual Wage-Related Income after Line-of-Duty Death
• Fire Pension Fund Benefit $ 30,000
• General Municipal Law ("GML")
a
Section 208(f) Benefit* 30,000
Total Pension $ 60,000
• Wife Wages $ 30,000
Total Family Earnings $ 90,000
•total inclusive of any Social security benefits payable.
This illustration demonstrates that relative to the
wages earned prior to the death of the employee, the
benefits provided to the family survivors by the City and
State. of New York would be at least as much.
In addition to wages, most families earn income on
their savings and investments. Upon death in the line of
duty, the spouse of the deceased receives various lump sum
death benefits that, after death-related expenses and
taxes, may be invested to earn additional investment
income.
For the hypothetical 35-year Firefighter herein,
killed in the line of duty, the following, approximate lump
sum death benefits would be payable:
• Fire Pension Fund $ 40,000*
• Mayor's Office Benefit 60,000
• Fire Life Insurance Fund 8,500
• U.S. Government Benefit 151,635
• Contract Benefit 25,000
Total $285,135
•Estimated amount of refund of member contributions and Increased-Take-
Home-Pay ('ITHP') Reserves.
NYC-WTC 000136480
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