GROUP TERM LIFE INSURANCE AND SECTION 125 PLAN. A. A seventy-five thousand dollar ($75,000) group life insurance plan shall be available for each full time teacher employed by the Area 30 Career Center. Teachers desiring to participate shall contribute one dollar ($1.00) annually toward the annual premium and the Board of School Trustees shall contribute the remainder of the annual premium. The Board and the Organization shall discuss the selection of the insurance carrier. The increase from fifty thousand dollars ($50,000) must be permitted and allowed by the current life insurance carrier.
Appears in 6 contracts
Samples: Tentative Agreement, Master Contract, Tentative Agreement
GROUP TERM LIFE INSURANCE AND SECTION 125 PLAN. A. A seventy-five thousand dollar ($75,000) group life insurance plan shall be available for each full time teacher employed by the Area 30 Career Center. Teachers desiring to participate shall contribute one dollar ($1.00) annually toward the annual premium and the Board of School Trustees shall contribute the remainder of the annual premium. The Board and the Organization shall discuss the selection of the insurance carrier. The increase from fifty thousand dollars ($50,000) must be permitted and allowed by the current life insurance carrier.30
Appears in 1 contract
Samples: Tentative Agreement
