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An individual shall be deemed disabled for work as a pilot if he has been disqualified by his employer, or if the appropriate agency of the Government has revoked or refused to renew or reinstate his airman certificate for mental or physical reasons.

Retirement at age 60. Sixty years is the age set up for normal retirement. A pilot may elect to retire at age 50 or any time between age 50 and 60 but his retirement payments will be reduced by 1/180th for each month that he is less than 60 when he chooses to retire.

Survivor Benefits. Survivor benefits are computed from a basic Insurance Amount. Survivors who qualify will receive the following percentages of the Insurance Amount:

A widow who attains the age of 60 and has not remarried and who was living with her husband at the time of his death will receive 3/4ths of the pilot's insurance amount.

A widow who was living with her husband at the time of his death and who is left with children under 21 years of age shall receive 3/4ths of the insurance amount.

Children of the deceased pilot shall each receive 1/2 of the pilot's insurance amount until they reach the age of 21. However, they shall have been dependent upon the pilot at the time of his death.

Parents of the deceased pilot who will have died leaving no widow and no child shall each be entitled to 1/2 of the insurance amount when the mother reaches 60 years of age and the father 65 years of age. They must have been chiefly supported by and dependent upon the pilot at the time of his death.

However, in no case shall the total survivor benefits exceed twice the basic insurance amount.

Lump sums may be paid at the pilot's death. It is intended that the aggregate payments to a pilot and his survivors shall in no case be less than approximately 1/2 of what he paid into the Plan after June 30, 1949. It is intended that within 5 years after a pilot's death his survivors shall receive not less than 2.7 per cent of the compensation paid to such deceased pilot after June 30, 1949. The Railroad Retirement Board shall prescribe the payments according to the pilot's will or the intestacy laws of the state in which he lives. 

One of more of the following conditions must be met in order to be eligible for an annuity under the Plan:

(1) You must be sixty years of age on or after the enactment of the Plan.

(2) You must have ten years of service with an air line, or be fifty years of age, and be occupationally disabled for any reason on or off the job. In addition, you must have an "employment relationship" to your company at the time you become occupationally disabled. This means that in the 36 months prior to the month in which you became disable you had 18 months of service with the airline, or you completed not less than