Common use of Fixed Costs: Disability and Life Insurance Clause in Contracts

Fixed Costs: Disability and Life Insurance. The Board will provide for income disability continuity coverage and life insurance the sum of $20.55 per month, $246.50 per year, for each full-time member of the bargaining unit. 1. The Board will provide full ($63,000) life insurance coverage to all members assigned three-eighths (3/8) time or more, and half ($31,500) life insurance coverage to all members assigned less than three-eighths (3/8) time. 2. The Board will provide income disability coverage to all members regardless of part-time or full-time status. Monthly Coverage $ 12.55 Total Yearly Coverage: $150.60 Income Disability: Plan selected by the Union Any cost in excess of the above amounts shall be paid, at the option of the Union either by the Union to the Board or by the insured through payroll deductions if the premium increases exceeds the Board’s fixed contributions for the existing benefits. The Union shall also have the right, at the option of the Union, to lower benefits, rather than pay premium increases that exceed the Board’s fixed costs.

Fixed Costs: Disability and Life Insurance. The Board will provide for income disability continuity coverage and life insurance the sum of $20.55 25.55 per month, $246.50 306.60 per year, for each full-time member of the bargaining unit. 1. The Board will provide full ($63,000) life insurance coverage to all members assigned three-eighths (3/8) time or more, and half ($31,500) life insurance coverage to all members assigned less than three-eighths (3/8) time. 2. The Board will provide income disability coverage to all members regardless of part-time or full-time status. Monthly Coverage $ 12.55 Total Yearly Coverage: $150.60 Income Disability: Plan selected by the Union Any cost in excess of the above amounts shall be paid, at the option of the Union either by the Union to the Board or by the insured through payroll deductions if the premium increases exceeds the Board’s fixed contributions for the existing benefits. The Union shall also have the right, at the option of the Union, to lower benefits, rather than pay premium increases that exceed the Board’s fixed costs.

Fixed Costs: Disability and Life Insurance. The Board will provide for income disability continuity coverage and life insurance the sum of $20.55 per month, $246.50 per year, for each full-time member of the bargaining unit. 1. The Board will provide full ($63,000) life insurance coverage to all members assigned three-eighths (3/8) time or more, and half ($31,500) life insurance coverage to all members assigned less than three-eighths (3/8) time. 2. The Board will provide income disability coverage to all members regardless of part-part- time or full-time status. Monthly Coverage $ 12.55 Total Yearly Coverage: $150.60 Income Disability: Plan selected by the Union Any cost in excess of the above amounts shall be paid, at the option of the Union either by the Union to the Board or by the insured through payroll deductions if the premium increases exceeds the Board’s 's fixed contributions for the existing benefits. The Union shall also have the right, at the option of the Union, to lower benefits, rather than pay premium increases that exceed the Board’s 's fixed costs.