Class Description |
All FTA Employees |
All FTA Employees |
All FTA Employees |
All FTA Employees |
Life Benefit |
$25,000 |
$50,000 |
1 x Basic Annual Earnings to $50,000 Max |
2 x Basic Annual Earnings to $100,000 Max |
AD&D Benefit |
$25,000 |
$50,000 |
1 x Basic Annual Earnings to $50,000 Max |
2 x Basic Annual Earnings to $100,000 Max |
AGE REDUCTION SCHEDULE |
|
35% @ 65 |
35% @ 65 |
35% @ 65 |
35% @ 65 |
|
50% @ 70 |
50% @ 70 |
50% @ 70 |
50% @ 70 |
|
65% @ 75 |
65% @ 75 |
65% @ 75 |
65% @ 75 |
|
Terminate @ retirement |
Terminate @ retirement |
Terminate @ retirement |
Terminate @ retirement |
Guaranteed Issue |
$25,000 |
$50,000 |
$50,000 |
$100,000 |
Dependent Life: Spouse / Child(ren) Option 1 |
$2,500 / $2,500 (14 days to 6 mos $250) |
$2,500 / $2,500 (14 days to 6 mos $250) |
$2,500 / $2,500 (14 days to 6 mos $250) |
$2,500 / $2,500 (14 days to 6 mos $250) |
Dependent Life: Spouse / Child(ren) Option 2 |
$10,000 / $10,000 (14 days to 6 mos $1,000) |
$10,000 / $10,000 (14 days to 6 mos $1,000) |
$10,000 / $10,000 (14 days to 6 mos $1,000) |
$10,000 / $10,000 (14 days to 6 mos $1,000) |
Employee Contributions |
Non-contributory |
Non-contributory |
Non-contributory |
Non-contributory |
Minimum Participation |
100% |
100% |
100% |
100% |
MONTHLY PREMIUM RATES (GUARANTEED THROUGH DECEMBER 31st 2021) |
Life Rate per $1,000 of Benefit |
$0.199 |
$0.199 |
$0.199 |
$0.199 |
AD&D Rate per $1,000 of Benefit |
$0.020 |
$0.020 |
$0.020 |
$0.020 |
Monthly Premium Per Person |
$5.48 per month |
$10.95 per month |
|
|
Dependent Life Rate per Family Unit Option 1 |
$1.50 |
$1.50 |
$1.50 |
$1.50 |
Dependent Life Rate per Family Unit Option 2 |
$6.00 |
$6.00 |
$6.00 |
$6.00 |