Life Insurance and Accidental Death and Dismemberment Insurance equivalent to twice (2X) an employee's annual salary rounded to the next highest thousand dollars;
Life Insurance and Accidental Death. Dismemberment - specifically the ASEBP Life Insurance and AD&D, Plan 2 - the employer shall pay one hundred percent (100%) of the respective premiums for the covered employees.
Life Insurance and Accidental Death. What happens if I fail to make either the first or any subsequent payment?
Life Insurance and Accidental Death and Dismemberment coverage is effective upon the date of full-time employment.
Life Insurance and Accidental Death. Life insurance in the amount of $500,000 and a $500,000 Accidental Death and Dismemberment policy from a carrier of the City's choice. These policies are in effect whether the City Attorney is performing his job duties or not. Premiums are fully paid by the City.
Life Insurance and Accidental Death and Dismemberment benefits will follow the schedule below regarding active Employees over age Sixty-Four (64):
Life Insurance and Accidental Death and Dismemberment Plans [Category 1, 2, 3] The District will provide District employees with group term life insurance coverage of one and one-half (1½) times their annual salary with a minimum benefit of fifty thousand dollars ($50,000) to a maximum benefit of three-hundred fifty thousand dollars ($350,000). Once an employee reaches the age of 65, the benefit is reduced to 65% of one and one half (1 ½) times salary or $50,000 whichever is greater. The benefit percentage continues to be reduced on a set scale until the employee reaches the age of 70. At age 70, the maximum benefit is reached at 50% of one and one half (1 ½) times salary or $50,000 whichever is greater. The District pays the full cost of the life insurance and AD&D insurance premiums for employees, spouses/domestic partners and eligible dependents. At the time of retirement or termination, employees will be offered the option to convert the group term life insurance policy to an individual term life insurance policy. The employee has thirty (30) days from their retirement or termination date to elect the conversion policy and pay premiums at their own expense. Employees covered by nondiscriminatory employer-provided group life plans are taxed on the face amounts exceeding fifty thousand dollars ($50,000) as imputed income. The taxable amount is calculated using five-year age bracketed rates stipulated in regulations and referred to as Table l Rates.
Life Insurance and Accidental Death. Dismemberment 2 x the Executive’s annual base salary to a maximum benefit level of $300,000
Life Insurance and Accidental Death and Dismemberment (AD & D) shall be mandatory as a condition of employment, for all full time Employees, but participation in all other benefit plans will not be mandatory. An Employee will be eligible to participate in the Medical, Dental, AD&D and Life Insurance Benefit plans upon their initial hiring. An Employee not enrolled in a benefit plan will be eligible to sign up for participation in a benefit plan only during the months of January and/or July for each year. An Employee who is enrolled in a benefit plan who no longer wishes to participate in a benefit plan will only be allowed to withdraw their enrolment in a benefit plan, twice per year, during the months of January and/or July.
Life Insurance and Accidental Death. Dismemberment (AD&D)
