686a

Every insured who has attained the age of sixty-five (65) years or more shall receive, upon his petition, a single payment as bonus. To be entitled to said payment the insured shall have paid the Chauffeurs and Other Employees Social Security Fund the amount of dues corresponding to forty (40) weeks or more in the period comprised in the four (4) contributing quarters ending immediately before the date he attained age sixty-five (65) or on the date he files his petition after attaining said age.To avail him/herself of the payment of the bonus, the insured shall voluntarily request the cancellation of his/her chauffeur’s or heavy-motor vehicle or motorcycle operator’s license issued by the Department of Transportation and Public Works.The single payment to be granted as bonus shall be determined by applying fifty percent (50%) of the amount established by the scale at age sixty-four (64) in § 686 of this title for permanent total disability.The foregoing provisions shall not prevent the insured person from applying for and obtaining a motorcycle operator’s license. If the insured person’s license is a driver’s license or motorcycle operator’s license, its cancellation shall not be

e insured person from applying for and obtaining a motorcycle operator’s license. If the insured person’s license is a driver’s license or motorcycle operator’s license, its cancellation shall not be required. History —May 15, 1950, No. 428, p. 1038, added as § 5-A on Nov. 23, 1975, No. 8, p. 934, § 6; renumbered as § 6 and amended on June 18, 1980, No. 149, p. 663, § 7; Dec. 30, 1995, No. 262, § 9.