Group Term Life Insurance Plan. (1) The Board shall provide group term life insurance equal to two times the annual earnings taken to the next higher $1,000. and spouse coverage of $18,000. prorated to the percentage of teaching time. The Board shall pay 100% of the premium. Teachers will have the option to purchase additional coverage to three (3) times salary at the Board Premium rate and at the teacher’s expense, subject to insurability by the carrier. (2) Participation in this insurance plan shall be mandatory for all Teachers covered by this agreement.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Group Term Life Insurance Plan. (1) The Board shall provide group term life insurance equal to two times the annual earnings taken to the next higher $1,000. and spouse coverage of $18,00012,000. prorated to the percentage of teaching time. The Board shall pay 10050% of the premium. Teachers will have the option to purchase additional coverage to three (3) times salary at the Board Premium rate and at the teacher’s expense, subject to insurability by the carrier.
(2) Participation in this insurance plan shall be mandatory for all Teachers covered by this agreement.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Group Term Life Insurance Plan. (1) The Board shall provide group term life l i fe insurance equal to two times the annual earnings taken to the next higher $1,000$ 1 ,000. and spouse coverage of $18,00012,000. prorated to the percentage of teaching time. The Board shall pay 10050% of the premium. Teachers will have the option to purchase additional coverage to three (3) times salary at the Board Premium rate and at the teacher’s expense, subject to insurability by the carrier.
(2) Participation in this insurance plan shall be mandatory for all Teachers covered by this agreement.
Appears in 1 contract
Samples: Collective Agreement
Group Term Life Insurance Plan. (1) The Board shall provide group term life insurance equal to two (2) times the annual earnings taken to the next higher $1,000. 1,000 and spouse coverage of $18,000. 18,000 prorated to the percentage of teaching time. The Board shall pay 100% of the premium. .
(2) Participation in this insurance plan shall be mandatory for all teachers covered by this agreement.
(3) Teachers will have the option to purchase additional coverage to three (3) times salary at the Board Premium rate and at the teacher’s expense, subject to insurability by the carrier.
(2) Participation in this insurance plan shall be mandatory for all Teachers covered by this agreement.
Appears in 1 contract
Samples: Collective Agreement
