Please be advised that effective with the payroll period beginning June
27, 1999 and ending July 10, 1999, paid July 23, 1999, the Optional Group
Life Insurance rates are changing as follows:
| Attained Age |
Monthly Premium
per $1,000 |
| Under 30 |
$0.05 |
| 30-34 |
$0.06 |
| 35-39 |
$0.08 |
| 40-44 |
$0.12 |
| 45-49 |
$0.16 |
| 50-54 |
$0.28 |
| 55-59 |
$0.41 |
| 60-64 |
$0.60 |
| 65-69 |
$0.99 |
| 70-74 |
$1.60 |
| 75 and above |
$2.71 |
An administrative fee of $0.20 per month will continue to be added to the
premium each month. Maximum coverage available will remain at $200,000.00.
Age is based on the employee's attained age during the payroll period. Optional Group Life Insurance
deductions will continue to be taken the second biweekly period of the month.
Board of Regents' Institutions operating under the Regents' Payroll system are responsible for
implementing the new rates and for updating age groups and premium deduction amounts in their Payroll
Systems effective with deductions made for the pay period beginning June 27, 1999 and ending July
10, 1999.
SAM:JJM:eh
