Life Insurance Program. Life insurance coverage is provided as part of the Public Employee Retirement System (PERS), or the Alternate Benefit Program. Both programs are administered by the New Jersey Division of Pensions. Eligibility for participation by staff members and benefits are governed by statute and Rules and Regulations promulgated thereunder and administered exclusively by the New Jersey Division of Pensions.
Life Insurance Program. Effective January 1, 2007, the County will provide a $10,000 Term Life Insurance Plan for all permanent employees in classes represented by DAIA who are enrolled in either a health and/or dental plan.
Life Insurance Program. The School Corporation shall make a group life insurance protection plan available to the teachers. The School Corporation will pay the premium minus twenty-five cents ($0.25) for each teacher’s life insurance protection plan. All full-time teachers covered shall receive a policy with a face value of $50,000. Part time teachers will receive benefits as defined under section 12. The plan shall also include a provision under which the beneficiary or estate of a protected teacher shall be paid an amount equal to two times face value of the policy if the teacher’s death was the result of an accident. Additional life insurance for employees and spouses will be made available with premiums paid through payroll deduction.
Life Insurance Program. Group Life Insurance with a standard benefit of two and one-half (2 1/2) times base salary to a maximum of one hundred seventy-five thousand dollars ($175,000); Accidental Death and Dismemberment (AD&D) Insurance with a standard benefit of two and one-half (2 1/2) times base salary to a maximum of one hundred seventy-five thousand dollars ($175,000); Option to “buy down” group life insurance and AD&D to one (1) times salary to a maximum of fifty thousand dollars ($50,000); with the “buy down” providing credits to the employee electing this option.
Life Insurance Program. The following Life Insurance Program shall be provided without cost to regular full-time employees or regular part-time employees, as indicated, covered by this AGREEMENT. AMOUNT OF INSURANCE EMPLOYEE CATEGORY Accidental Death and Dismemberment Regular Full-Time Employee Life (5 Hrs. or More Per Day, 9 or 12 Month Contract) $50,000 $100,000 Regular Part-Time Employee (3 Hrs., but Less Than 5 Hrs. Per Day) $30,000 $30,000 (1 Hr., but Less Than 3 Hrs. Per Day) $15,000 $15,000 20.18 Cost of Life Insurance Program The Life Insurance Program specified in Section 20.17 shall be provided without cost to all regular full-time or part-time employees as indicated, who are on the active working payroll on the effective date of this AGREEMENT who have completed the necessary forms and have such forms on file with the Treasurer of the BOARD.
Life Insurance Program. 1. The following Life Insurance program shall be provided without cost to Teaching Staff Members covered by this AGREEMENT on the date they commence actual employment with the BOARD:
Life Insurance Program. The College will pay the full costs of Group Life Insurance for full-time faculty and librarians in the amount of: $50,000.00 (non-decreasing).
Life Insurance Program. 1. University-Paid Two University-Paid life insurance plans—Basic Life and Core Life—provide basic life insurance coverage. The amount varies, depending on your the employee’s appointment rate and average regular paid time. Eligible employees are automatically covered by the plan for which they qualify.
Life Insurance Program. 1. University-Paid Eligible employees are automatically covered by a University-paid Career term life insurance policy. Eligible part-time employees appointed and paid by the University to work a specified minimum appointment and average regular paid time are automatically covered by a University-paid CORE term life insurance policy.
Life Insurance Program. The Employer agrees to provide each regular full time employee with life insurance coverage in the amount of $10,000 at the total and sole cost to the Employer. There shall be no devaluation of said coverage on an employee's age.
