Life and Accidental Death and Dismemberment Insurance. Employees receive, at the expense of the City, life insurance and accidental death and dismemberment insurance. The amount of insurance coverage shall be equal to twice the employee's annual salary (rounded to the nearest $1,000), but shall not exceed $300,000. The amount of insurance coverage, not to exceed $300,000, shall be adjusted throughout the year to accommodate salary and/or step adjustments, as required. Further, the City makes available to retiring employees the opportunity to continue life insurance benefits (to a maximum of $20,000) under the City's group plan and group rate, at the employee's expense.
Appears in 4 contracts
Samples: Employment Agreement, Employment Agreement, Employment Agreement
