Survivor Income Benefit Insurance. If you should die the Company shall pay a monthly benefit of $100 to your spouse commencing on the first day of the calendar month following the date of death and on the first day of each month thereafter until 24 such monthly payments have been made. No survivor Income Benefit shall be subject in any manner to assignment, pledge, attachment of encumbrance of any kind, nor subject to the debts or liability of any eligible survivor except as required by applicable law.
Survivor Income Benefit Insurance. This insurance consists of two parts, a transition survivor income benefit and a bridge survivor income benefit. The monthly amount of insurance for eligible employees and retirees shall be as follows: Class of Survivor Monthly Transition Benefit June 1, 2018 Class A with child(ren) $600 Class A without child(ren) $525 Class B without parents $600 Class B with one parent $525 Class C $525 Monthly Bridge Benefit June 1, 2015 Class of Survivor Class A $525
Survivor Income Benefit Insurance. Article II, Section 1 - eliminate Continuing Life at age 65 from schedule - Article II, Section 1 will only pertain to employees prior to retirement. • Article II, Section 2 - eliminate Continuing Life at age 65. Article II, Section 2 will only pertain to employees after retirement. Basic Life Insurance amount will be a maximum of $10,000 for all current retirees and future retirees. • Article II, Section 3 - eliminate Extra Accident Insurance for all current retirees and future retirees. • Miscellaneous modifications that relate to changes for Basic Life Article III, Section 3(e) Article III, Section 4(b) and (c) Article IV, Section 1 (c) For the International IUE-CWA: For General Motors Company: SETTLEMENT AGREEMENT - ATTACHMENT B ATTACHMENT B IUE-CWA Modifications to the 2003 Supplemental Agreement - Life and Disability Benefits Program Dated: ATTACHMENT B IUE-CWA Modifications to the 2003 Supplemental Agreement - Life and Disability Benefits Program The following is a list of proposed changes to the Life and Disability Benefits Program: Sickness and Accident (S&A) and Extended Disability Benefits (EDB) • For an employee to be deemed to be wholly and continuously disabled under the provisions of Article II, Section 6(a) and Article II, Section 7(a), the employee must provide medical evidence, satisfactory to the Carrier (third party administrator) that substantiates total disability, i.e., medical substantiation. Absent medical information that substantiates total disability, the employee’s claim for benefits under the Program will be denied. This will be effective for all employees’ currently on a disability leave or any future disability leaves. New claim forms will be created for this process and will be distributed to all employees on claim. Basic Life, Extra Accident, and
Survivor Income Benefit Insurance. Article II, Section 1 - eliminate Continuing Life at age 65 from schedule - Article II, Section 1 will only pertain to employees prior to retirement. • Article II, Section 2 - eliminate Continuing Life at age 65. Article II, Section 2 will only pertain to employees after retirement. Basic Life Insurance amount will be a maximum of $10,000 for all current retirees and future retirees. • Article II, Section 3 - eliminate Extra Accident Insurance for all current retirees and future retirees. • Miscellaneous modifications that relate to changes for Basic Life Article III, Section 3(e) Article III, Section 4(b) and (c) Article IV, Section 1(c) For the International IUE-CWA: For General Motors Company: Dated: SETTLEMENT AGREEMENT ATTACHMENT C Agreement between General Motors Company and the IUE-CWA, the Industrial Division of the Communications Workers of America, AFL-CIO and its Local Union 798 This Agreement shall constitute an Addendum to the 2008 Moraine Closure Agreement. The following paragraphs, documents, and memoranda contained in the 2008 Moraine Closure Agreement shall be amended as follows: • Cost of Living payable, Paragraphs (65d) - (65I) is eliminated • Performance Bonus Payments, Paragraph (65)(b)(2) is eliminated • Individual Upward Educational Plan, Document 21 is eliminated December 31, 2009 • Retiree Individual Upward Educational Plan, Document 25 is eliminated December 31, 2009 • IUE-CWA-GM Scholarship Program For Dependent Children, Document 57 is eliminated December 31, 2009 • Section 5 of the Closure Agreement relating to Supplemental Unemployment Benefit (SUB) is modified (See Attachment A) • Note the provisions identified above were settled similar in scope to those settled with the UAW • Section 16 of the Closure Agreement is eliminated • Joint Activities, Document 73 is modified to reflect a final settlement of $450,000 to be paid with installments of $225,000 in the first quarter 2010 and $225,000 in the first quarter of 2011 • Memorandum of Understanding Moraine Assembly Closure Agreement Special Attrition Program Option 5 “Special Employee Hiring Opportunities GM-IUE-CWA Moraine Assembly Plant” is eliminated for General Motors Company. Those employees who elected Option 5 will be allowed to rescind their application in accordance with the Option 5 provisions during a two (2) week time period identified by Management. Employees who do not rescind their application will remain on layoff with applicable SUB. • Life and Disability Bene...
Survivor Income Benefit Insurance
