Members in good standing, with dues paid to
current quarter that meet the following criteria are entitled to
the:
INTERNATIONAL DEATH BENEFIT FUND
CLASSIFICATION SCHEDULE
Amended, Article XX, Section 2
of the International Constitution reads as follows:
Art. XX “Death benefits are payable only upon
the death of a member in good standing Section 2. who was initiated
prior to July 1, 1973."
All Death
benefits which have been accumulated by members in good
standing on or before July 1, 1973 are frozen as of that date and no
further benefits accrue.
Death benefits shall be paid
to beneficiaries as follows and not otherwise:
Class I. Beneficiaries of members who
on July 1, 1973 have been in good standing for a period of one
(1) year to five (5) years shall receive One Hundred ($100.00)
Dollars and this amount shall not thereafter increase.
Class II. Beneficiaries of members
who on July 1, 1973 have been in good standing for a period of
five (5) years to ten (10) years shall receive Two Hundred ($200.00)
Dollars and this amount shall not thereafter increase.
Class III. Beneficiaries of members
who on July 1, 1973 have been in good standing for a period of
ten (10) years to fifteen (15) years shall receive Four Hundred
($400.00) Dollars and this amount shall not thereafter increase.
Class IV. Beneficiaries
of members who on July 1, 1973 have been in good standing for
a period of fifteen (15) years to twenty (20) years shall receive
Five Hundred ($500.00) Dollars and this amount shall not
thereafter increase.
Class V. Beneficiaries
of members who on July 1, 1973 have been in good standing for
a period of twenty (20) years or more shall receive Seven Hundred
Fifty ($750.00) Dollars and this amount shall not thereafter
increase.
Effective August
1, 1968, the amount of death benefits payable to the beneficiary or
beneficiaries of a member who has been granted a withdrawal card
prior to that date shall be computed on the basis of the number of
years such member has been in good standing as of August 1, 1968,
and shall not thereafter be increased during the period such member
remains on withdrawal card.
The amount of the
death benefits payable to the beneficiary or beneficiaries of a
member who is granted a withdrawal card on or after August 1, 1968,
shall be computed on the basis of the number of years such member
has been in good standing as of the date on which the withdrawal
card is granted, and shall not be increased thereafter during the
period such member remains on withdrawal card.
Provided, however,
effective July 1, 1973, the amount of death benefits payable to the
beneficiary or beneficiaries of a member who is granted a withdrawal
card on or after July 1, 1973, shall be computed on the basis of the
number of years such member has been in good standing as of July 1,
1973, and shall not be increased thereafter.