Dear Experts,
Query
One of our female employees has passed away. Her husband and two children are receiving a pension.
Husband's pension amount: $2176
Each child's pension amount: $554
Please let me know on what basis the above pension amounts are derived. In the case of superannuation or retirement pension, the formula applied is: Pensionable Salary x Pensionable Service / 70. For death case pension, is there a specific formula or method of computation?
Details of the case
- Employee's length of service: 4 years 2 months
- Basic salary: $4615
- Age: 36
Kindly provide your expert opinion on this matter.
Thank you in advance.
Query
One of our female employees has passed away. Her husband and two children are receiving a pension.
Husband's pension amount: $2176
Each child's pension amount: $554
Please let me know on what basis the above pension amounts are derived. In the case of superannuation or retirement pension, the formula applied is: Pensionable Salary x Pensionable Service / 70. For death case pension, is there a specific formula or method of computation?
Details of the case
- Employee's length of service: 4 years 2 months
- Basic salary: $4615
- Age: 36
Kindly provide your expert opinion on this matter.
Thank you in advance.