Please be advised that effective with the payroll period beginning June 25, 2000
and ending July 8, 2000, paid July 21, 2000, the Optional Group Life Insurance rates
are changing as follows:
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 from the second biweekly paycheck 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 25, 2000 and ending July 8, 2000. DB:JJM:rdb
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