Caption: Board of Trustees Minutes - 1946
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1945] UNIVERSITY OF ILLINOIS 595 allowance is a percentage, 2 5 % plus Vijo for each year of service, of the average annual cash compensation, but not less than $300 per year. XI. DEATH BENEFITS* 1. F o r employees participating in the Retirement System a death benefit approximately equal to one year's salary, not less than $2,000 or more than $5,000, is payable by the Retirement System, if the beneficiary is dependent upon the participant. Otherwise the death benefit will be the employee's accumulated contributions. After retirement a death benefit is payable equal to whichever of the following is the greatest: A. The accumulated employee contributions, including interest, at the time of retirement less the sum of all annuity payments prior to the date of death; B. Six times the monthly Supplemental Annuity paid for service prior to September 1, 1941; C. $500. 2 . For persons not in the Retirement System, a death benefit is payable by the University after the first year of service, ranging from 10% of compensation in the second year to 5 0 % in the tenth and succeeding years, but not in excess of $3,000. 3 . In accordance with section VII—1—A, payment will be made for any accumulated unpaid vacation allowances. XII. REPORTS OF ABSENCES AND OVERTIME 1. Every absence of one hour or more of any nonacademic employee is to be reported by the department to the Office of Nonacademic Personnel on forms provided by it. 2 . All overtime to be compensated by time off shall be reported by the department to the Office of Nonacademic Personnel on forms provided by it. XIII. GRIEVANCES Grievances shall consist of all matters of dispute affecting the employer-employee relationships excepting those set out in sections III to I X inclusive, other than questions of interpretation of those sections in individual cases and except as stated in paragraph 5 of this section. If any employee has a grievance which he desires to have considered, he shall present it in the following manner: * These provisions are summaries of the benefits payable under the University Retirement System Act.
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