Group Term Life. The Board shall provide, on a fully paid basis, except for one dollar, a group term life insurance policy for all teachers of the MSD of Xxxxx Township in the amount of $50,000. This program will provide the minimum death benefit, double indemnity and dismemberment, and a waiver of premium for disability. The normal range of settlement options should be included in the contract. Part-time teachers shall be eligible for the full amount of insurance although the Board will furnish only a pro rata share of the premiums. Teachers may purchase additional units of group term life through payroll deductions. The Board shall not pay any portion of the premium for these additional units.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
