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ARTICLE 25, INSURANCE 1
2
A. The Company shall provide a Basic Life Insurance Benefit and 3
a Basic Accidental Death and Dismemberment Benefit for regular 4
employees in accordance with the following schedule. The Accidental 5
Death and Dismemberment Benefit shall be on a twenty-four (24) hour 6
non-occupational basis. The premium shall be fully paid by the 7
Company. 8
9
Basic Life Basic 10
Monthly Earning Insurance AD & D 11
12
Less // than $2,000 $45,000 $45,000
13
$2,000 but less than $2,250 $54,000 $54,000
14
$2,250 but less than $2,500 $60,000 $60,000
15
$2,500 but less than $2,750 $66,000 $66,000
16
$2,750 but less than $3,000 $72,000 $72,000
17
$3,000 but less than $3,250 $78,000 $78,000
18
$3,250 but less than $3,500 $84,000 $84,000
19
$3,500 but less than $3,750 $90,000 $90,000
20
$3,750 but less than $4,000 $96,000 $96,000
21
$4,000 but less than $4,250 $102,000 $102,000
22
$4,250 but less than $4,500 $108,000 $108,000
23
$4,500 but less than $4,750 $114,000 $114,000
24
$4,750 but less than $5,000 $120,000 $120,000 25
$5,000 but less than $5,250 $126,000 $126,000
26
$5,250 but less than $5,500 $132,000 $132,000
27
$5,500 but less than $5,750 $138,000 $138,000
28
$5,750 but less than $6,000 $144,000 $144,000
29
$6,000 but less than $6,250 $150,000 $150,000
30
$6,250 but less than $6,500 $156,000 $156,000
31
$6,500 but less than $6,750 $162,000 $162,000
32
$6,750 but less than $7,000 $168,000 $168,000
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$7,000 or over $174,000 $174,000
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35
An employee may, at his/her option, increase his/her life insurance 36
coverage by purchasing at group rates, supplemental life and AD&D 37
insurance coverage. He may also purchase life insurance coverage 38
for his spouse and children 39
40
B. Short Term Disability- Company-paid coverage will be provided 41
in the amount of forty percent (40%) of weekly basic earnings up to a 42
maximum of five hundred dollars ($500.00) per week. The Company 43
shall offer an Optional Short-Term Disability Plan. The cost to the 44