人寿保险

保险金额

• 员工s will receive 3.5X their base salary of life insurance
• No medical examination is required unless the member is 60 years of age or older at the time of enrollment
• 保险范围证明书

成本

• The life insurance is employer paid. 
• The Internal Revenue Service (IRS) classifies all life insurance coverage over $50,000 as a fringe benefit subject to taxation. The premium required to pay for the life insurance coverage is taxable. Members can elect to waive insurance coverage over $50,000 at any time

受益人

• To elect or make changes to your beneficiaries you can complete the Change in Beneficiary Form and mail it directly to the State.

***MSU does not maintain records of beneficiaries***

转换

• Terminated employees may continue life insurance without a medical exam by purchasing a conversion life insurance policy through Prudential within 31 days of termination. You can call Prudential 人寿保险 转换 at 1-855-364-7783 or you can use their 人寿保险 转换 Calculator located 在这里.

退休员工

• 员工s that retire at the age of 60 or above with at least 10 years of ABP pension credit are eligible for life insurance in retirement
• Upon retirement, benefit reduces to 1/2X the employees annual base salary

报道

• 员工s will receive 1.5X their base salary of life insurance
• No medical examination is required unless the member is 60 years of age or older at the time of enrollment

成本

• The life insurance is employer paid. 
• The Internal Revenue Service (IRS) classifies all life insurance coverage over $50,000 as a fringe benefit subject to taxation. The premium required to pay for the life insurance coverage is taxable. Members can elect to waive insurance coverage over $50,000 at any time

受益人

• To elect or make changes to your beneficiaries you can complete the Change in Beneficiary Form and mail it directly to the State.

***MSU does not maintain records of beneficiaries***

转换

• Terminated employees may continue life insurance without a medical exam by purchasing a conversion life insurance policy through Prudential within 31 days of termination. You can call Prudential 人寿保险 转换 at 1-855-364-7783 or you can use their 人寿保险 转换 Calculator located 在这里.

退休员工

• 员工s that retire at the age of 60 or above with at least 10 years of DCRP or employees at any age that have completed 25 years of participation in DCRP are eligible for life insurance in retirement
• Upon retirement, benefit reduces to 3/16X the employees annual base salary

保险金额

• 员工s will receive 3X their base salary of life insurance
• No medical examination is required unless the member is 60 years of age or older at the time of enrollment
• 保险范围证明书

成本

• 1.5X their base salary is employer paid
• 1.5X their base salary is contributory
  • 员工支付0.005 of their base salary

受益人

• PERS members who wish to verify, 更新, or change their beneficiary information must use the online Designation of Beneficiary Application available through the Member 好处 Online System (MBOS).

***MSU does not maintain records of beneficiaries***

转换

• Terminated employees may continue life insurance without a medical exam by purchasing a conversion life insurance policy through Prudential within 31 days of termination. You can call Prudential 人寿保险 转换 at 1-855-364-7783 or you can use their 人寿保险 转换 Calculator located 在这里.

退休员工

• 员工s that retire with 10 or more years of PERS pension credit are eligible for life insurance in retirement
• Upon retirement, the amount reduces to 3/16X the employee’s annual base salary

保险金额

• 员工s will receive 3.5X their base salary of life insurance
• No medical examination is required unless the member is 60 years of age or older at the time of enrollment
• 保险范围证明书

成本

• The life insurance is employer paid. 
• The Internal Revenue Service (IRS) classifies all life insurance coverage over $50,000 as a fringe benefit subject to taxation. The premium required to pay for the life insurance coverage is taxable. Members can elect to waive insurance coverage over $50,000 at any time

受益人

• PFRS members who wish to verify, 更新, or change their beneficiary information must use the online Designation of Beneficiary Application available through the Member 好处 Online System (MBOS)

***MSU does not maintain records of beneficiaries***

转换

• Terminated employees may continue life insurance without a medical exam by purchasing a conversion life insurance policy through Prudential within 31 days of termination. You can call Prudential 人寿保险 转换 at 1-855-364-7783 or you can use their 人寿保险 转换 Calculator located 在这里.

退休员工

• 员工s that retire with  10 or more years of PFRS pension credit are eligible for life insurance in retirement
• Upon retirement, the amount reduces to 1/2X the employee’s annual base salary

• 员工s have the opportunity to enroll in a Universal life insurance policy through 总福利制度
• Deductions are taken through payroll on a post tax basis
• In order to enroll, contact Kristopher Urbano at krisurbano@totalbenefitsystemsinc.com