VOLUNTARY / ADDITIONAL LIFE INSURANCE. Effective July 1, 1989, all bargaining unit employees are eligible to purchase voluntary life insurance with accidental death and dismemberment provisions. Non-supervisory and non-professional employees may purchase insurance equivalent to one (1), two (2) or three (3) times the employee‟s base rate annual salary. Supervisory and professional employees may purchase insurance equivalent to one (1) or two (2) times the employee‟s base rate annual salary. The full cost of the premiums are to be paid by the employee through payroll deduction. In addition, supervisory and professional employees classified Foreworkers and above may elect to purchase Additional Life Insurance, which is equivalent to one (1) times the employee‟s base annual salary with accidental death and dismemberment provisions. Fifty percent (50%) of the cost of the Additional Life Insurance premiums will be paid by the District and fifty percent (50%) will be paid by the employee through payroll deductions. Each year between September 1 and September 30 there shall be an annual application period for all eligible employees to apply for voluntary and/or additional life insurance. All new hire employees shall be eligible to apply, as described above within the first thirty-one (31) days of employment. Eligibility of existing and new hire employees to participate in the voluntary and/or additional life insurance program(s) during the initial or annual application period(s) shall be subject to timely application and medical certification of insurability. The language changes or deletions reflected in this section from that in the 1985-88 Agreement, are for administrative purposes only and do not represent a change in life insurance benefit.
VOLUNTARY / ADDITIONAL LIFE INSURANCE. A. Additional Life Insurance
1. Employees are eligible to participate in Additional Life Insurance (Additional Life) which is a flat amount equal to one (1) times the employee’s annual base earnings, two thousand eighty (2,080) hours X base straight time hourly rate, rounded to the next higher even thousand dollars ($1,000) with accidental death or dismemberment provisions. Premiums for this coverage are paid fifty percent (50%) by the District and fifty percent (50%) by the employee.
2. Coverage reduces thirty-five percent (35%) of the Additional Life amount at age seventy (70), sixty-five percent (65%) at age seventy five (75), and will remain at the thirty-five percent (35%) level until employee retires.
VOLUNTARY / ADDITIONAL LIFE INSURANCE. All bargaining unit employees are eligible to purchase voluntary life insurance with accidental death and dismemberment provisions, equivalent to one (1), two (2) or three (3) times the employee’s base rate annual salary. The full cost of the premiums are to be paid by the employee through payroll deduction. Each year during open enrollment there shall be an annual application period for all eligible employees to apply for voluntary and/or additional life insurance. All new hire employees shall be eligible to apply, as described above within the first thirty-one
VOLUNTARY / ADDITIONAL LIFE INSURANCE. All bargaining unit employees are eligible to purchase voluntary life insurance with accidental death and dismemberment provisions, equivalent to one (1), two (2) or three (3) times the employee’s base rate annual salary. The full cost of the premiums are to be paid by the employee through payroll deduction. Each year during open enrollment there shall be an annual application period for all eligible employees to apply for voluntary and/or additional life insurance. All new hire employees shall be eligible to apply, as described above within the first thirty-one (31) days of employment. Eligibility of existing and new hire employees to participate in the voluntary and/or additional life insurance program(s) during the initial or annual application period(s) shall be subject to timely application and medical certification of insurability.
