New York Death Benefits, Rates and Awards are financial benefits that are available to families of workers who have died as a result of a workplace accident or occupational disease. These benefits are intended to provide financial support to those left behind due to the untimely death of a loved one. The New York State Workers’ Compensation BoardWEBCB) is responsible for the administration of death benefits. The WEB will evaluate each claim and determine the amount of benefits available to the surviving family members and/or dependents. New York Death Benefits, Rates and Awards can include: • Death Benefits: A one-time payment of up to $50,000 to the surviving family members. • Funeral Expenses: Up to $10,000 to cover funeral and burial costs. • Dependency Benefits: Up to $3,000 per month for up to five years for the dependent spouse or children. • Medical Expenses: All necessary medical expenses related to the injury or illness that caused the death. • Lost Wages: Up to two-thirds of the deceased worker’s average weekly wage for up to 400 weeks. • Vocational Rehabilitation: Up to $15,000 for vocational training for a surviving spouse or dependent. • Survivor’s Pension: A monthly payment for the surviving spouse of a deceased worker, up to $3,000 per month. • Loss of Household Services: Up to $100 per week for up to 500 weeks for loss of household services. • Survivor’s Health Insurance: Covers the cost of health insurance for the surviving family members.
New York Death Benefits, Rates and Awards
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FAQ
How much is paid out with a death benefit. The death benefit amount paid out is the coverage amount you choose when you buy your policy. If you buy a $1 million life insurance policy, your beneficiaries will receive a $1 million lump sum. We recommend a death benefit amount of 10 to 15 times your annual income.
The Tier 2 Benefit The Tier 2 death benefit is equal to your earnings multiplied by your years of service, not to exceed three years of earnings.
If you are an ERS Member... You are in:If you joined:Tier 1before July 1, 1973Tier 2July 1, 1973 through July 26, 1976Tier 3July 27, 1976 through August 31, 1983Tier 4September 1, 1983 through December 31, 20092 more rows
The ordinary death benefit is a one-time lump sum payment (your beneficiaries would not receive a monthly pension benefit). The first $50,000 of this benefit is paid in the form of group term life insurance, which is currently exempt from federal income tax.
Ordinary Death Benefit This benefit is equal to 1/12th (8.33 percent) of your last year's earnings, multiplied by your years of service credit up to 36 years.
A pension equal to 50 percent of your earnings during your last year of active service. A pension equal to 50 percent of your FAE reduced by the amount of any Workers' Compensation benefit paid or payable on account of your death. A pension equal to 50 percent of your FAE.