Tables for Computing the Present Value of Death Benefits Arising under theNew York Workmen's Compensation Law

Abstract
The death benefits (in addition to the funeral benefit) under the New York Workmen's Compensation Law, which went into effect July 1, 1914, may be briefly stated as follows : 1. To the widow (or dependent husband) 30 percent of the wages of the deceased employee, until death; upon remarriage, the pension ceases and two years' compensation is paid in one sum. 2. To each child, until it reaches the age of 18, 10 per cent of the wages, the widow being alive or 15 per cent, the widow being dead. 3. To parents or grandparents, for life, 15 per cent. of the deceased's wages. 4. To brothers, sisters or grandchildren, until age 18, 15 per cent. of the wages. NOTE: THE TOTAL AMOUNT OF COMPENSATION PAYABLE MUST NOT EXCEED 66(2/3) PER CENT. OF THE DECEASED'S WAGES, AND THE MAXIMUM AMOUNT UPON WHICH C0MPENSATION IS PAYABLE IS $1,200.
Volume
II
Page
110-119
Year
1915
Categories
Actuarial Applications and Methodologies
Reserving
Reserving Methods
Actuarial Applications and Methodologies
Ratemaking
Business Areas
Workers Compensation
Publications
Proceedings of the Casualty Actuarial Society
Authors
Richard Fondiller