Group Life Insurance Plan. Eligibility
Group Life Insurance Plan i. The Employer will pay 100% of the billed rates of premium for all eligible Employees for Basic Coverage in accordance with the Group Life Insurance Plan as at the Date of Ratification. Participation in this Plan is a condition of employment. Employees may elect to take additional coverage in accordance with the provisions and regulations governing optional coverage as specified in the Group Life Insurance Plan.
ii. Eligible Employees are limited to:
1. Full-time Employees in job classifications 4-10;
Group Life Insurance Plan. The Board will contribute 100% of the costs of the premium. The value of the policy will be two (2) times the member’s annual salary to a maximum of $175,000.00 with a minimum level of $75,000.00 for full-time members.
Group Life Insurance Plan. For eligible Employees who elect upon completion of the necessary enrolment forms to participate in the plan, the Employer shall contribute one hundred percent (100%) of the premium of the first thirty thousand dollars ($30,000) of Group Life Insurance coverage amount, plus seventy-five percent (75%) of the cost of coverage amount elected by the plan member over the first thirty thousand dollars ($30,000) up to the plan maximum indicated below for all eligible full-time Employees.
Group Life Insurance Plan. Life Insurance: Three (3) times annual salary (Principal Sum) to a maximum of $300,000.
Group Life Insurance Plan. Participation in the Group Life Insurance Plan shall be a condition of employment for full-time Nurses with the whole of the cost assumed by the Employer. This plan shall be based on double the annual earnings of the Nurse.
Group Life Insurance Plan. Employees have the option of purchasing twice their basic annual salary rounded off to the even thousand dollar amount above the sum. The employee pays 15% of the annual cost and the Board of Education pays 85% of the annual cost. Employees have the option of purchasing an additional one times their basic annual salary as insurance at their own cost.
Group Life Insurance Plan. A) Regular employees shall become members of the Group Life Insurance plan as a condition of employment.
B) The plan shall provide basic life insurance in the amount of one hundred thousand dollars ($100,000.00) and standard twenty-four (24) hour accidental death and dismemberment insurance, up to and including age sixty-five (65). Thereafter, the amount of coverage shall decrease to fifty thousand dollars ($50,000.00). Group insurance coverage shall cease for employees at the age of seventy (70). Upon termination of employment, including retirement, coverage shall continue without premium payment for a period of thirty-one (31) days during which time the conversion privilege may be exercised; that is, the individual covered may convert all or part of the employee's group life insurance to any whole life, endowment, or term life policy normally issued by the insurer and at the insurer's standard rates at the time, without medical evidence.
C) The Employer shall pay one hundred per cent (100%) of the premium for the Group Life Insurance Plan.
Group Life Insurance Plan. The Civic Employees’ Group Life Insurance Bylaw (Bylaw No. 5644/91) must be consulted for the purpose of interpreting or applying the provisions of the Civic Employees’ Group Life Insurance Plan (hereinafter referred to as the “Plan”). In accordance with the Bylaw, the Plan is administered by The Board of Trustees of the Winnipeg Civic Employees’ Benefits Program (Pension Fund). Information on the Plan is available by contacting the Winnipeg Civic Employees’ Benefits Program.
Group Life Insurance Plan. Following the completion of one (1) year of service, the Employer shall, effective January 1st of the next calendar year, provide an employer paid Life Insurance equal to the earnings class for each full-time employee. Earnings class is defined as 2080 x 2.0 x the regular hourly rate of the employee as of January 1st of each year. The Accidental Death and Dismemberment Benefit shall be increased accordingly.
