Daily Bulletin title

June 25, 2013

Optional Group Life Rates Reduced for Certain Age Groups – Update!

Effective July 1, 2013, the optional group life rates for the three age brackets shown below will be reduced.  Those employees within the age groups below that participate in the optional group life will see a slight increase in their July 16, 2013 paycheck. The rates will continue to be based on the salary and age of the member (or covered spouse) as of January 1, 2013. 

Age 35 – 39   Reduced $0.01 from $0.08 to $0.07, per month, per $1,000 of coverage

Age 50 – 54   Reduced $0.01 from $0.21 to $0.20, per month, per $1,000 of coverage

Age 55 – 59   Reduced $0.06 from $0.40 to $0.34, per month, per $1,000 of coverage

If you have any questions, please contact Denise Schuh at 540-857-7962 or dschuh@virginiawestern.edu.