Based On: Board Policies 3, 4, and 8
Procedure Number: 2.27
Date Adopted/Revised: June 25, 2001; November 21, 2006; May 15, 2007; March 29, 2010
South Arkansas Community College will provide life insurance for all regular benefits eligible employees who are employed one-half time or more at the College’s expense. The amount of the insurance will be 1.5 times the annual contract for all twelve-month employees and 1.65 times the nine-month contract for teaching personnel. In both cases, the amount is rounded to the nearest thousand dollars. Life insurance amounts may reduce with age as outlined in the plan document provisions. Individuals may request from the insurance provider a conversion from a group plan to an individual plan at termination of employment. All costs of conversion coverage will be paid by the individual.