Life Insurance

Life insurance coverage varies with the state pension plan for which the employee is eligible. Insurance coverage amounts are as follows:

• Alternate Benefit Program (ABP)
Life Insurance: 3.5 times base salary

• Public Employees’ Retirement System (PERS)
Life Insurance: 1.5 times base salary (non-contributory)
1.5 times base salary (contributory)

• Police and Firemen’s Retirement System (PFRS)
Life Insurance: 3.5 times base salary (non-contributory)

Supplemental Life Insurance
Faculty members are eligible for a non contributory benefit equal to one (1) time base salary. The benefit is for supplemental life insurance as well as employee accidental death and dismemberment coverage. Life insurance reduces to 65% of base salary at age 65 and again reduces to 50% of base salary at age 70.

For more information, please visit: www.prudential.com
Control No. 69247