Life Insurance Plan. Three (3) times normal annual earnings exclusive of overtime to a maximum of $100,000.
Life Insurance Plan. An employee must sign an application form to be eligible for this Plan and coverage will commence on the first of the month following completion of the probationary period. Should application not be made within three (3) months of this initial commencement date, the insurance company will require satisfactory evidence of insurability from the employee and his eligible dependents (i.e., spouse and unmarried, unemployed children between the ages of 14 days and twenty-five years).
Life Insurance Plan. The City shall pay one hundred percent (100%) of the premium for a term life insurance policy for each eligible employee which shall be based upon a formula of one times the employee's annual salary rounded up to the nearest thousand dollars up to a maximum City paid coverage of $50,000 (i.e. an employee who earns $40,100 would receive $41,000).
Life Insurance Plan. Benefits are based on the insurance amount in force at the time of the insured person’s death or dismemberment. The claimant must submit to the Insurer the claim and any supporting documents required by the Insurer within 10 years following the date of the insured person’s death or the accident causing the dismemberment.
Life Insurance Plan. Employees receive a life insurance benefit in the amount of fifty thousand dollars ($50,000). Dependent life insurance is available to employees at their expense.
Life Insurance Plan. The City pays the premiums for the following policies for each general management, supervisory, and professional employee:
Life Insurance Plan. Life Insurance will be procured for each employee, (excluding retired employees) equal to the amount of the gross salary received under the salary schedule for a given year, not including overtime, holiday or special pay. Dependent coverage at the amount of one thousand dollars ($1,000) per spouse and child is provided in the current plan. City agrees to pay the premium for this coverage.
Life Insurance Plan. ELIGIBILITY – 1st day of the month following completion of the initial 90 calendar days of the probationary period.
Life Insurance Plan. The Company will contribute 100% of the present premiums of the above. Non-Probationary employees shall be provided $45,000 Basic Life Insurance which is funded 100% by the Company. Non-Probationary employees shall be provided $45,000 Accidental Death and Dismemberment (AD&D) which is funded 100% by the Company.
Life Insurance Plan. (a) The premium for the group life insurance plan shall be 100% paid by the teachers. There is a waiver of premium on disability to age 65 years. A conversion option is available upon termination. Basic Coverage: The basic coverage for each teacher shall be either $25,000 or 1, 2, 3, or 4 times the teacher’s salary as selected by the teacher. Participation in the basic coverage shall be a condition of employment.
