Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698141966325.pdf (Micronesia, Federated States of)
FIFTEENTH CONGRESS OF THE FEDERATED STATES OF MICRONESIA THIRD SPECIAL SESSION, 2007 C.B.

NO.

15-86 _ _ A BILL FOR AN ACT To further amend title 53 of the Code of the Federated States of Micronesia, as amended, by amending section 806, to provide for increased benefits to surviving spouses, and for other purposes.

BE IT ENACTED BY THE CONGRESS OF THE FEDERATED STATES OF MICRONESIA: 1 Section 1.

Section 806 of title 53 of the Code of the 2 Federated States of Micronesia, as amended by Public Law No.
2-74, 3 5-120, 7-119 and 14-37 is hereby further amended to read as 4 follows: “Section 806.

Amount of survivor insurance benefits.

(1) The surviving spouse of a fully insured worker eligible in accordance with section 802 of this chapter shall be paid a monthly benefit or disability in an amount equal to 60 percent of the retirement or disability insurance benefit calculated for the deceased spouse at the date of death.
(2) Each eligible child of an insured worker shall be entitled to a monthly benefit of 15 percent of the retirement insurance benefit calculated for the deceased parent at the date of death.
(3) If the spouse of the deceased insured worker is eligible for retirement or disability benefits based on his or her own employment coverage, and is also eligible for survivors' benefits, the spouse shall receive their retirement or disability benefits based on his or her CBL 15-90 _ _ 26 C.B.

NO.
NO.

15-86 own employment coverage plus 50% of the retirement or disability insurance benefit calculated for the deceased spouse at the date of death.

[whatever benefit pays the higher monthly payment.]

In addition, the surviving spouse shall be entitled to receive a lump sum equal to four percent of the cumulative covered earnings upon which the lower benefit is based, less the sum of all benefits already received on the basis of those cumulative covered earnings.
(4) The monthly benefit paid to the surviving child(ren) shall be based on the higher of the two benefits that have been earned by the deceased parents if fully insured or currently insured.

In addition, the surviving child(ren) shall be entitled to receive a lump sum equal to two percent of the other decreased parent's cumulative covered earnings, less the sum of all benefits, if any, received by the deceased parent.
(5) The total survivors' benefit paid to the spouse and children may not exceed the retirement benefit calculated for the decedent as of the date of death, except that if the surviving spouse receives benefits based on his or her own employment coverage, that amount plus the survivors' benefits for the children may exceed the amount of the deceased's retirement benefit.

In no event shall the amount paid be less than the minimum established by the Social Security Administration, as 2 of 3 C.B.

NO.
NO.

15-86 _ _ 1 2 3 set out in section 804 of title 53 of the Code of the Federated States of Micronesia."

Section 2.

This act shall be effective from October 1, 2008.

4 This act shall become law upon approval by the President of the 5 Federated States of Micronesia or upon its becoming law without 6 such approval.

7 8 Date: 11/23/07 Introduced by: /s/ Joe N. Suka Joe N. Suka (by request) 3 of 3