Group Life and Accidental Death and Dismemberment Insurance. (a) The Employer, by means of a policy issued by an insurance company, provides group life and accidental death and dismemberment insurance for all eligible faculty members. Participation in this plan is a condition of employment.
Group Life and Accidental Death and Dismemberment Insurance. Group Life and Accidental Death and Dismemberment benefits each shall be set at three (3) times the employee's annual salary.
Group Life and Accidental Death and Dismemberment Insurance. Each Member, upon completion of ninety (90) days service, will be provided both Group Life and Accidental Death and Dismemberment Insurance in an amount equal to two (2) times basic annual salary. If two (2) times basic annual salary is not a whole number of thousands, the amount of insurance will be increased to the next thousand.
Group Life and Accidental Death and Dismemberment Insurance. 416 The Employer shall pay the cost of maintaining life insurance in an amount equal to the Employee’s base salary, rounded up to the nearest $1,000, and accidental death and dismemberment insurance benefits in an equal amount for a period of one (1) year from an Employee’s first (1st) day of appointment as an Employee. Commencing with the month following completion of one (1) year of coverage as provided above, the Employer shall pay the cost for maintaining life insurance benefits in an amount equal to the Employee’s base salary (rounded up to the nearest $1,000) times two (2), and an accidental death and dismemberment benefit in an equal amount, up to a maximum coverage level of $200,000. 417 When an Employee reaches age sixty-five (65) and continues working, the Employee’s insurance coverage is decreased by thirty-five percent (35%) with no further reduction based on age thereafter. 418 To qualify for the life and accidental death and dismemberment insurance benefits as described above, each Employee must individually enroll and make proper application for such coverage at the Benefits Office within thirty (30) calendar days of the commencement of the Employee’s regular employment with the Employer. Employees who fail to enroll and make proper application as herein provided are specifically and expressly excluded from such benefits plan until such time as they enroll and make proper application with the Benefits Office. Changes in benefit amounts based on changes in base salary occur with the effective date of the change in base salary. Base salary excludes supplemental appointments and any other extra compensation. 419 An Employee’s group life and accidental death and dismemberment insurance benefits shall terminate effective on the date that an Employee is terminated, resigns or retires, or the group life and accidental death plan terminates. However, when an Employee terminates employment with EMU, the Employee is covered for a grace period of thirty-one (31) calendar days. During such thirty-one (31) day period, the Employee may convert the Employee’s group life insurance, without medical examination, to an individual benefits plan. The Employee will pay the full cost of such individual benefits. Plan options and availability shall be determined by the insurer. 420 All other specific terms, conditions, limits of liability and exclusions applicable to said insurance shall be as provided for in the Employer’s policy with its carrier.
Group Life and Accidental Death and Dismemberment Insurance. The College agrees to provide group life and accidental death and dismemberment insurance for all employees covered by this Agreement who work more than twenty (20) hours per week, as follows: Effective Effective Effective 7/01/12 7/01/13 7/01/14 Life: $50,000 $50,000 $50,000 AD&D: $50,000 $50,000 $50,000
Group Life and Accidental Death and Dismemberment Insurance a) Participation in the Group Life Plan is a condition of employment.
Group Life and Accidental Death and Dismemberment Insurance. 1. The University shall provide and maintain life insurance in an amount equal to an employee’s annual salary, rounded up to the nearest one thousand dollars ($1,000) and accidental death and dismemberment insurance benefits in an equal amount, for each employee regularly assigned to work twenty (20) or more hours per week, for a period of one (1) year from the date of completion of his or her ninety-first (91st) calendar day of actual work. Commencing with the month following completion of one (1) year of benefits as above provided, the University shall pay the cost for maintaining life insurance benefits in an amount equal to the employee’s annual salary rounded up to the nearest one thousand dollars ($1,000) times two (2), and accidental death and dismemberment insurance in an equal amount. When an employee reaches age sixty- five (65) and continues working, his or her insurance benefits are decreased by thirty-five percent (35%) with no further reduction based upon age thereafter.
Group Life and Accidental Death and Dismemberment Insurance a) The group term life insurance plan shall provide benefits upon the death of the insured in the amount of Thirty-Five Thousand Dollars ($35,000) effective March 1, 2016.
Group Life and Accidental Death and Dismemberment Insurance. 1. The University shall provide and maintain life insurance in an amount equal to an employee’s annual salary, rounded up to the nearest $1,000, and accidental death and dismemberment insurance benefits in an equal amount, for each employee regularly assigned to work twenty (20) or more hours per week, for a period of one (1) year from the date of completion of the employee’s 91st calendar day of actual work. Following completion of one (1) year of benefits as above provided, the University shall pay the cost for maintaining life insurance benefits in an amount equal to the employee’s annual salary rounded up to the nearest $1,000 times two (2) and accidental death and dismemberment insurance in an equal amount, up to a maximum coverage of $100,000. When an employee reaches age sixty-five (65) and continues working, their insurance benefits are decreased by thirty-five percent (35%) with no further reduction based upon age thereafter. Changes in life insurance benefit amounts based on changes in basic annual salary occur effective with the change in basic annual salary. Basic annual salary changes excludes supplemental appointments, overtime, longevity pay, and any other extra compensation
Group Life and Accidental Death and Dismemberment Insurance. 275 1. The University shall provide and maintain life insurance in an amount equal to an employee’s annual salary, rounded up to the nearest $1,000, and accidental death and dismemberment insurance benefits in an equal amount, for each employee regularly assigned to work twenty (20) or more hours per week, for a period of one (1) year from the date of completion of his ninety-first (91st) calendar day of actual work. Commencing with the month following completion of one (1) year of benefits as above provided, the University shall pay the cost for maintaining life insurance benefits in an amount equal to the employee’s annual salary rounded up to the nearest $1,000 times two (2) and accidental death and dismemberment insurance in an equal amount, up to a maximum coverage of $100,000. When an employee reaches age sixty-five (65) and continues working, his insurance benefits are decreased by thirty-five percent (35%) with no further reduction based upon age thereafter. 276 The following table illustrates examples of the insurance benefit levels described above: Base Less Than One (1) Year Over One (1) Year Age 65 Salary of Service of Service and Over $19,001 $20,000 $40,000 $26,000 20,000 20,000 40,000 26,000 22,400 23,000 46,000 29,900 22,900 23,000 46,000 29,900 24,500 25,000 50,000 32,500 277 2. To qualify for the life and accidental death and dismemberment insurance benefits as above described, each employee must individually enroll and make proper application for such benefits at the Benefits Office within thirty (30) calendar days of the commencement of his regular employment with the University. An employee who fails to enroll and make proper application as herein provided is specifically and expressly excluded from such benefits plan.
