Life and Accidental Death and Dismemberment. (Schedule 2)
Life and Accidental Death and Dismemberment. The Board shall purchase through a carrier licensed by the State of Ohio, a $20,000 policy. The Board thereof shall pay the full cost of this coverage and increases. Every employee shall have the opportunity to purchase additional Life and Accident Death and Dismemberment coverage and other insurance coverage established by the carrier, within coverage and cost limits set by the carrier, through payroll deduction. Employees must enroll for additional coverage in writing, to the Treasurer during the established open enrollment period for additional coverage to be provided in the next contract year.
Life and Accidental Death and Dismemberment. The Employer shall maintain life insurance and accidental death and dismemberment policy coverage comparable to the policy in effect for employees at the time of ratification of this Agreement, subject to insurance company limitations. If the Employer determines that it is appropriate to change carriers or policies, it shall consult with the Union before undertaking any such changes.
Life and Accidental Death and Dismemberment. Each employee shall be provided with $50,000 (fifty thousand) life insurance and $50,000 (fifty thousand) accidental death and dismemberment insurance paid for by the City. Each employee shall have the option, at their own expense, to purchase additional amounts of life insurance and accidental death and dismemberment insurance to the extent provided by the City’s current providers. Evidence of insurability is contingent upon total participation in additional amounts.
Life and Accidental Death and Dismemberment. Insurance will be provided at one (1) times the employees’ annual base salary.
Life and Accidental Death and Dismemberment. (AD&D) Insurance. CMU Choices provides coverage options of 1, 1.5, 2, 3, and 4 times the bargaining unit member’s base salary, according to the terms of the policy. A bargaining unit member must elect a coverage level of at least 1 times the member’s base salary. CMU will contribute an amount per month per $1000 of coverage equivalent to 1.5 times the bargaining unit member’s base salary that will fully pay the premium for this amount of coverage. Each coverage option contains an equal amount of additional benefit in the form of AD&D coverage.
Life and Accidental Death and Dismemberment. The Employer shall pay the premium costs to provide employees with Life Insurance and Accidental Death and Dismemberment Insurance, each at one (1) time’s annual salary.
Life and Accidental Death and Dismemberment. (AD&D) Insurance Each bargaining unit member shall receive College-paid term life and AD&D insurance payable to his or her designated beneficiary(ies) in the amount equal to the employee’s annual salary. Additional term life and AD&D insurance up to three times the employee’s annual salary may be purchased at a fair market rate.
Life and Accidental Death and Dismemberment. (AD&D) Reductions - Benefits reduce eight (8%) per year for principals actively at work, beginning at age sixty-five (65) and will reduce an additional 8% each year thereafter subject to a minimum benefit of $2000. Amounts of the insurance in excess of $200,000 are subject to evidence of insurability satisfactory to Underwriter.
Life and Accidental Death and Dismemberment. INSURANCE (AD&D): The School will provide this benefit at no cost for full-time bargaining unit members. Part-time Employees are ineligible for Life and Accidental Death and Dismemberment benefits. The Employee death benefit is equivalent to 100% of their annual salary to a maximum of $60,000, if the Employee meets the eligibility requirements. AD&D benefits are equal to the employee's life insurance benefits. As per IRS mandate, the School must include the premium cost of insurance over $50,000 on the Employees W-2.
