LIFE AND LONG TERM DISABILITY INSURANCE. During the Term, the Company will provide Executive with life and long-term disability insurance in the same manner as is provided to Executive as of the date hereof.
LIFE AND LONG TERM DISABILITY INSURANCE. A. The District provides a term Group Life Insurance Plan for all its Permanent and Probationary Employees. New Employees are eligible to participate sixty days after the beginning of the Employee's first full month of employment. The plan provides for up to $100,000 of term insurance coverage fully paid by the District. Employees have the option of purchasing additional term coverage at their expense. Eligibility for optional coverage will be determined by the carrier.
B. The District has elected to provide its Permanent and Probationary Employees with a Long Term Disability (LTD) insurance plan which provides for income replacement (only) in the event an Employee is placed on a long term disability leave of absence. The granting of and the use of this benefit does not obligate the District to provide indefinite employment to its Employees. The terms and conditions relating to the use and effect of this benefit are found within the District’s Long Term Disability Leave of Absence provision in the District's Personnel Rules and Regulations and within the LTD contract which has been entered into between the District and its insurance provider. A copy of the applicable Rules and Regulations regarding LTD is attached to this Memorandum as Exhibit B.
LIFE AND LONG TERM DISABILITY INSURANCE. The Employer will cause to be maintained Long-Term Disability, Accidental Death and Dismemberment, and Life Insurance, and shall pay 100% of premiums associated with such plan, for all Employees who have been employed for at least four months, and their dependants and/or spouse subject to the approval of the insuring company. These benefits at the time of execution of this agreement will be contained within Great West Life Policy Number 166562, or a comparable plan.
LIFE AND LONG TERM DISABILITY INSURANCE. A. City-Provided Insurance
1. Term Life Insurance: policy of $75,000.
2. Disability Insurance: policy provides two thirds (2/3) of monthly salary up to a maximum of up to $6,000.00 per month (effective January 1, 2024 this amount is increased to $8,400.00), except as may be provided under the applicable plan document. This plan has a 60-day elimination period. The elimination period is reduced to a 30-day elimination period effective January 1, 2024. Employees may use accrued leaves to supplement payments received by the disability insurance plan. However, the employee may not receive more than 100% of their regular wages.
LIFE AND LONG TERM DISABILITY INSURANCE. The City shall maintain in effect for the term of this resolution its existing life and long-term disability insurance plans.
LIFE AND LONG TERM DISABILITY INSURANCE. The District shall purchase and provide a long-term disability policy, which provides for 66 2/3 of the employee’s monthly gross earning after 90 days of any illness or injury that precludes the employee from working. Employees are subject to enrollment eligibility requirements as determined by the provider. The premiums for the income protection plan and $50,000 life insurance plan are paid by the District.
LIFE AND LONG TERM DISABILITY INSURANCE. The Employer shall pay each month on behalf of each employee those premiums necessary for the purchase of a fifty thousand-dollar ($50,000.00) Group Basic Term Life Insurance Plan naming a beneficiary selected by an employee.
12.3.1 The Employer shall pay for a long-term disability plan for each regular full time employee as approved by Human Resources.
LIFE AND LONG TERM DISABILITY INSURANCE. SECTION 33-A.1: On application and within thirty (30) days of employment, full time employees may elect to enroll in the College’s Basic Life Insurance program which is 2½ times annual salary. Any employee electing to participate in the program shall have 50% of the premium paid by the college. If offered by the College, employees may, at their own cost, enroll in the additional Optional Life Insurance program, which is 1½ times annual salary.
LIFE AND LONG TERM DISABILITY INSURANCE. A. The District provides a term Group Life Insurance Plan for all its permanent and probationary employees. New employees are eligible to participate sixty days after the beginning of the employee's first full month of employment. The plan provides for up to $100,000 of term insurance coverage fully paid by the District. Employees have the option of purchasing additional term coverage at their expense. Eligibility for optional coverage will be determined by the carrier.
B. The District has elected to provide its permanent and probationary employees with a Long Term Disability (LTD) insurance plan which provides for income replacement (only) in the event an employee is placed on a long term disability leave of absence. The granting of and the use of this benefit does not obligate the District to provide indefinite employment to its employees. The terms and conditions relating to the use and effect of this benefit are found within the District’s Long Term Disability Leave of Absence provision in the District's Personnel Rules and Regulations and within the LTD contract which has been entered into between the District and its insurance provider. A copy of the applicable Rules and Regulations regarding LTD is attached to this Memorandum as Exhibit B.
LIFE AND LONG TERM DISABILITY INSURANCE. City-Provided Insurance
