Group Life Plan. The Board and participating teachers will share 75% and 25% respectively in the premium cost of the BCTF/BCSTA group life plan “B”. Any premium contributed by the Board toward the total premiums payable under this policy for insurance on the life of a teacher, shall be deemed to be applied first to the full premium for the first $25,000 of insurance. The balance of the premium contributed by the Board (if any) shall be deemed to be applied to those amounts of insurance (if any) in excess of $25,000.
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
