Common use of Compulsory Group Life and Accidental Death and Dismemberment Insurance Clause in Contracts

Compulsory Group Life and Accidental Death and Dismemberment Insurance. 7.10.1 The following employees shall participate in the Group Life plan: • All regular employees shall be covered from the beginning of the first complete calendar month of employment. • All term employees who are employed half-time or more shall be covered from the beginning of the first complete calendar month following completion of 10 months of service within a consecutive 12 month period. 7.10.2 The College will pay 100% of the cost of monthly premiums for both Group Life Insurance and Accidental Death and Dismemberment Insurance. The Group Life Insurance plan provides a benefit level of 3 times the annual maximum salary of the employee. The Accidental Death and Dismemberment Insurance plan provides a benefit of up to 3 times the annual maximum salary of the employee. 7.10.3 An employee who retires at or beyond the age of 55 years and who is in receipt of a pension under the provisions of the Public Sector Pension Plans Act shall continue to receive Group Life Insurance coverage in the amount of $10,000 for a period of 5 years from the date of retirement. The premium cost of the continuing insurance shall be borne by the College. 7.10.4 Term employees who are participating in the Group Life Insurance plan, and whose appointment drops to less than one-half time, may continue on the plan, on a cost- shared (50-50) basis, as long as they remain employed by the College.

Compulsory Group Life and Accidental Death and Dismemberment Insurance. 7.10.1 The following employees shall participate in the Group Life plan: •  All regular employees shall be covered from the beginning of the first complete calendar month of employment. •  All term employees who are employed half-time or more shall be covered from the beginning of the first complete calendar month following completion of 10 months of service within a consecutive 12 month period. 7.10.2 The College will pay 100% of the cost of monthly premiums for both Group Life Insurance and Accidental Death and Dismemberment Insurance. The Group Life Insurance plan provides a benefit level of 3 times the annual maximum salary of the employee. The Accidental Death and Dismemberment Insurance plan provides a benefit of up to 3 times the annual maximum salary of the employee. 7.10.3 An employee who retires at or beyond the age of 55 years and who is in receipt of a pension under the provisions of the Public Sector Pension Plans Act shall continue to receive Group Life Insurance coverage in the amount of $10,000 for a period of 5 years from the date of retirement. The premium cost of the continuing insurance shall be borne by the College. 7.10.4 Term employees who are participating in the Group Life Insurance plan, and whose appointment drops to less than one-half time, may continue on the plan, on a cost- shared (50-50) basis, as long as they remain employed by the College.