Life and AD&D Insurance. The City shall provide, at no cost to the employee, term life insurance in an amount equal to his annual base pay rounded to the nearest thousand dollars. Employees also have the option of purchasing additional life insurance in accordance with the options available for which they are eligible. The available options are explained in the City’s Benefits Line which is updated annually prior to open enrollment for benefit selections. It is agreed by the parties that the rates paid by the employee for supplemental term life insurance will be established by the City’s vendor and may be changed in the event the vendor implements a rate change.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
