§ 35-5. Life insurance; disposition of benefits upon death.

Latest version.

A.
The Village shall provide a term life insurance program for employees. Coverage shall be not less than that of unionized employees, and the cost to employees shall be not more than that to unionized employees.

B.
The Village has the option of changing carriers but must maintain the benefits at equal or greater levels than as they exist at the time of adoption of this chapter.

C.
In the case of death during employment, earned vacation, compensatory time and longevity will be paid to the employee's spouse or estate.

                    
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