REQUIRED PREMIUM. Active Employees: Effective May 1, 2006, each participating employee will be provided a Basic Term Life Insurance of $75,000 at no premium cost to the employee. An eligible employee who elects to participate in the Optional Term Life Insurance will be required to contribute the necessary premium as required. Retired Employees: No contribution is required.
Appears in 3 contracts
Sources: Collective Agreement, Collective Agreement, Collective Agreement