Life and Disability Benefits. Your life and disability insurance benefits, if any, remain in effect only through your Last Day. All other employee benefits not specifically continued by this Agreement also will terminate as of your Last Day.
Life and Disability Benefits. Basic Life Insurance Proposal Life insurance can increase up to $1,000 a year to a maximum of 100% of the average annual base wage. One- hundred percent of the average annual base wage is currently $57,334. The benefit level will be calculated and confirmed based on the prior July 1 wage rates. Locations with a benefit higher than the calculated amount will not be reduced. Any life changes are effective January 1 beginning January 1, 2018. + $1,000 to $43,000 as soon as possible after ratification + TBD effective 1/1/18 to TBD + TBD effective 1/1/19 to TBD + TBD effective 1/1/20 to TBD + TBD effective 1/1/21 to TBD + TBD effective 1/1/22 to TBD + TBD effective 1/1/23 to TBD Voluntary Life Insurance Proposal Effective January 1, 2018, the Company voluntary life benefit will be offered. Employees may choose to purchase, at their sole cost, additional insurance on themselves, their spouse and/or children. Costs are subject to change annually, but will be known during Open Enrollment each year. Short Term Disability Proposal: Short Term Disability can increase up to $10 a year to a maximum of 50% of the weekly average pay. Fifty percent of the weekly average pay is currently $551/26wks. The benefit level will be calculated and confirmed based on the prior July 1 wage rates. Any STD changes are effective January 1 beginning January 1, 2018. + $10 to $465/26wks effective as soon as possible after ratification + TBD effective 1/1/18 to TBD + TBD effective 1/1/19 to TBD + TBD effective 1/1/20 to TBD + TBD effective 1/1/21 to TBD + TBD effective 1/1/22 to TBD + TBD effective 1/1/23 to TBD ANCILLARY PROGRAMS Ancillary Programs Proposal: • Effective January 1, 2019, the Company vision plan will be available and employees pay the full cost. Costs are subject to change annually, but will be known during Open Enrollment each year. The plan will be offered in four enrollment tiers. If the vision carrier offers a free discount program for those in our self-funded medical plans, it will be available to employees. • Effective January 1, 2017, employees will be automatically enrolled in the Company employee assistance program at no cost to the employee.
Life and Disability Benefits. Life insurance can increase up to $1,000 a year to a maximum of 100% of the average annual base wage. One-hundred percent of the average annual base wage is currently $34,685. The benefit level will be calculated and confirmed based on the prior July 1 wage rates. Locations with a benefit higher than the calculated amount will not be reduced. Any life changes are effective January 1 beginning January 1, 2020.
Life and Disability Benefits. Life Insurance Increases based upon a maximum of 100% of the weighted average base wage using the prior July 1 wage rates. (Master Agreement Formula) $28,500 effective 1/1/16 +$1000 effective 1/1/17 to $29,500 +TBD effective 1/1/18 to TBD +TBD effective 1/1/19 to TBD +TBD effective 1/1/20 to TBD +TBD effective 1/1/21 to TBD +TBD effective 1/1/22 to TBD Accident & Sickness Increases based upon a maximum of 50% of the weighted average weekly base wage using the prior July 1 wage rates. (Master Agreement Formula) $340 effective 1/1/16 +$10 effective 1/1/17 to $350 +TBD effective 1/1/18 to TBD +TBD effective 1/1/19 to TBD +TBD effective 1/1/20 to TBD +TBD effective 1/1/21 to TBD +TBD effective 1/1/22 to TBD
Life and Disability Benefits. Employee shall be entitled to receive all medical, health, life and disability insurance benefits that may, from time to time, be provided by the Company to other officers of the Company of a level of seniority and responsibility similar to that of Employee on a basis no less favorable.
Life and Disability Benefits. The provisions of the Delphi Hourly Life and Disability Program remain the same except that benefits will be based on your new hourly rate of pay. This results in a change in the amount of life insurance, Sickness & Accident (S&A) benefits and Extended Disability Benefits (EDB) for which you are eligible. Additionally, the duration for which S&A and EDB may be paid has been reduced. For those employees currently receiving S&A or EDB the amount of your benefit will change effective October 1, 2007. The duration of benefit available will be adjusted according to the new provisions. You will be notified by the National Benefit Center in the event your benefits will change as result of the provisions of the Supplemental Agreement.
Life and Disability Benefits
