Specifications include, but are not limited to: Class Description Class I: Employees earning $50,000 or less annually Class II: All other Employees Excluding City Manager Class III: All FT City Managers Definition of Earnings Basic Annual Earnings Employee Life Schedule Class I-III: Increments of $10,000 Employee Maximum Benefit Class I-III: 3x BAE to $300,000 Employee Guarantee Issue Amount Class I-III: $170,000 Age Reduction Schedule 65% at 65; 50% at 70 Waiver of Premium Included Accelerated Death Benefit 75% to $500,000 Spouse Life Amount $5,000 Increments to a Maximum Amount of 50% of the Employee Amount or $150,000 Spouse Guarantee Issue Amount $50,000 Dependent Child(ren) Life Amount Live Birth-14 days: $250 15 days old – Age 25: $10,000 Conversion Included Portability Included Suicide Clause 24 Months VOLUNTARY AD&D BENEFITS Matches Life
