Group Life Insurance and Accidental Death and Dismemberment. The group life insurance and accidental death and dismemberment group benefit plan provision shall be as follows: The Employer shall pay one hundred percent (100%) of the monthly benefit plan premium for the Group Life Insurance and Accidental Death and Dismemberment Plan. Subject to the benefit plan carrier requirements, the Group Life Insurance and Accidental Death and Dismemberment Plan shall provide life insurance in the amount of one (1) times the Employee’s annual earnings to a maximum of $200,000. The life insurance benefit reduces to $3,000 maximum at age sixty-five (65). Employees over age seventy (70) are not insurable.
Group Life Insurance and Accidental Death and Dismemberment. The College shall pay l00% of the premiums for the coverage afforded by the plan. Coverage and eligibility shall be governed by the terms of the plans.
Group Life Insurance and Accidental Death and Dismemberment. 12.4.1 All regular employees and sessional employees with full-time contracts that are four (4) months or longer in duration shall participate in the Group Life Insurance plus Accidental Death and Dismemberment Insurance. Group Life Insurance shall provide a benefit level of three times (3X) the annual salary of the employee to a maximum of $250,000.00.
12.4.2 Regular part-time employees and sessional employees with appointments which are half-time or more and four (4) months or more in duration shall participate in Group Life Insurance and Accidental Death and Dismemberment Insurance. The College shall pay the proportion of the premiums that is the same as the employee's work assignment.
12.4.3 When employees leave the employ of the College, they may arrange with the carrier for the conversion of their policy to a personal plan.
Group Life Insurance and Accidental Death and Dismemberment. The College provides life insurance for all regular faculty members. Participation in this plan is a condition of employment. The premiums for the life insurance plan are shared equally by the College and the faculty member. The College agrees to make available optional voluntary life insurance (maximum $200,000) subject to the employee meeting insurance company requirements. All premiums for this optional life insurance will be paid by the employee.
Group Life Insurance and Accidental Death and Dismemberment. Effective April 1, 2014 for Employees earning more than $15,481 annually. The University shall pay one hundred percent (100%) of the monthly premium of Group Life Insurance plus Accidental Death and Dismemberment Insurance on behalf of each of these Employees in order to achieve a benefit level of three times (3X) the annual gross earnings.
Group Life Insurance and Accidental Death and Dismemberment. (coverage is compulsory) 100 0 Long-Term Disability (coverage is compulsory) 0 100
Group Life Insurance and Accidental Death and Dismemberment. (A) The Employer shall provide Group Life Insurance for all permanent employees of the bargaining unit in the amount of two times (2x) annual salary to a maximum of one hundred thousand dollars ($100,000). All permanent employees of the bargaining unit shall also be eligible for Accidental Death and Dismemberment coverage in the amount of two times (2x) annual salary to a maximum of one hundred thousand dollars ($100,000). The City of Moncton shall pay one hundred percent (100%) of costs of the premiums for this insurance. This coverage terminates as defined under the terms of the policy. This Article does not apply to casual employees.
(B) Casual employees shall be insured for a total of fifty thousand dollars ($50,000) as a flat amount under the Group Life Plan and a total of fifty- thousand dollars ($50,000) as a flat amount in the case of Accidental Death & Dismemberment. The City of Moncton will pay one hundred percent (100%) of the premiums for this insurance. This coverage terminates as defined under the terms of the policy.
Group Life Insurance and Accidental Death and Dismemberment. 21.01 (a) All current employees and all newly hired employees shall, as a condition of employment, participate in the basic group life insurance coverage in the amount of two times (2x) such employee's annual salary, adjusted January 1st of each year based upon the employee's rate of pay on the previous December 31st, rounded upward to the next highest thousand, plus accidental death and dismemberment coverage as set out below and, should the employee desire, such optional insurance as may be provided by the carrier.
Group Life Insurance and Accidental Death and Dismemberment. Group Life Insurance and Accidental Death and Dismemberment for each eligible employee to twice annual earnings and double
Group Life Insurance and Accidental Death and Dismemberment. (1) NO REDUCTION IN BENEFITS
(A) The Company agrees that it will not amend the Group Life Insurance Plan so as to reduce the benefits presently available under the Plan (Medavie Blue Cross Policy number 91012).
(B) The Company agrees that it will not amend the Accidental Death and Dismemberment Plan (Medavie Blue Cross Policy number 91012) so as to reduce the benefits presently available under the Plan.
