Group Life Insurance Program. The District’s group term life insurance program shall be continued for the duration of this Agreement subject to modification based on the recommendations of the Joint Labor Management Benefits Committee and approval of the Board.
1. All active employees eligible for benefits under Section I.A.1 of this Agreement shall be eligible for group term life insurance benefits under the program.
2. The limits of coverage under the program shall be $50,000, however, employees age 70 or above shall receive coverage equal to an amount equal to the greater of the minimum amount required by Federal Law or 50% of the amount in force immediately prior to his or her 70th birthday. This reduction shall take place on the premium date coincident with or immediately following his or her 70th birthday.
Group Life Insurance Program. (a) The University will continue to pay 100% of the billed rate of premiums for employees for Basic Coverage in accordance with the Group Life Insurance Plan, provided by the insurance carrier.
(b) Employees may elect to take additional coverage at their own expense in accordance with the provisions and regulations governing optional coverage as specified in the Group Life Insurance Plan provided by the insurance carrier.
(c) Participation in Basic Coverage under the Group Life Insurance Plan is a condition of employment.
(d) Group Life Insurance Plan coverage will cease on the earlier of: (i) the date on which the employee ceases to be employed by the University; (ii) December 1st in the year the employee reaches age 69; or (iii) the first day of retirement; at which time coverage will convert to the retiree life insurance benefit.
Group Life Insurance Program. (a) The Employer will pay 100% of the billed rate of premiums for Employees for Basic Coverage in accordance with the Group Life Insurance Plan which is in effect at September 15, 2014.
(b) 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.
(c) Participation in this Plan is a condition of employment.
(d) Life insurance coverage will cease on the earlier of: (i) the December 1st of the year the Employee reaches age 69; or (ii) the first day of the month coincident with or next following the date of retirement; at which time coverage will convert to the retiree life insurance benefit.
Group Life Insurance Program. (a) The Employer will pay 100% of the billed rate of premiums for Employees for Basic Coverage in accordance with the Group Life Insurance Plan which is in effect at April 30, 2019, to be similar or to be improved from time to time.
(b) 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.
(c) Participation in this Plan is a condition of employment.
(d) Life insurance coverage will cease on the earlier of: (i) the December 1st of the year the Employee reaches age 69; or (ii) the first day of the month coincident with or next following the date of retirement; at which time coverage will convert to the retiree life insurance benefit.
Group Life Insurance Program. The Employer will pay 100% of the billed rate of premiums for Employees for Basic Coverage in accordance with the Group Life Insurance Plan which is in effect at August 1, 2001. 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. Participation in this Plan is a condition of employment.
Group Life Insurance Program. The present group life insurance program of the school district will be continued for teachers and the school district will pay the full cost of premiums for teachers, including group long-term disability programs.
Group Life Insurance Program. 1) Each classified employee of the Cedar Cliff Local School District shall have paid on his/her behalf from Board of Education funds the premium of the following Group Life Insurance Policy.
2) Each member of the classified staff whose gross base salary is in excess of five thousand ($5,000) per contract year shall receive group life insurance coverage, paid for by Board of Education funds, equal to his/her contract base salary in effect as of September 1, of the school year rounded to the next thousand dollars. (Example: If an employee's gross base contracted salary on September 1, is computed to be $11,500, that employee would have the premium for $12,000 group life insurance paid for by the Board of Education funds.) The maximum amount of group life insurance coverage of any employee under this program shall be $50,000.
Group Life Insurance Program. (a) The Employer will pay 100% of the billed rate of premiums for Full Time Employees for Basic Coverage in accordance with the Group Life Insurance Plan which is in effect at October 1, 2019, and as may be amended.
(b) Full Time 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.
(c) Participation in this Plan is a condition of employment.
(d) Life insurance coverage will cease on the earlier of:
i. the December 1st of the year the Employee reaches 69; or
ii. for an Employee who is eligible for Post-Retirement Benefits, the first day of the month coincident with, or next following, the date of retirement, at which time coverage will convert to the retiree life insurance benefit, which is a $5000 lump sum policy.
Group Life Insurance Program. A. Each teacher of the District shall have paid on his/her behalf from Board funds the premium of the following Group Life Insurance Policy.
B. Each teacher shall receive group life insurance coverage, paid for by Board funds, equal to his/her contract base salary in effect on September 1 of the school year rounded up to the next highest thousand dollars. The maximum amount of group life insurance coverage of any teacher under this program shall be $50,000.
C. The Board shall select the company to provide the insurance. Coverage in addition to the amount paid for by Board funds may be purchased by the teacher at the rate set by the insurance company.
Group Life Insurance Program. The District’s group term life insurance program shall be continued for the duration of this Agreement subject to modification based on the recommendations of the Joint Labor Management Benefits Committee and approval of the Board.
1. All active employees eligible for benefits under Section I.A.1 of this Agreement shall be eligible for group term life insurance benefits under the program.
2. The limits of coverage under the program shall be $50,000, however, employees age 70 or above shall receive coverage equal to an amount equal to the greater of the minimum amount required by Federal Law or 50% of the amount in force immediately prior to his or her 70th
