As a condition of employment, all teachers employed by the St. James-Assiniboia School Division on or after January 1, 1969 shall be required to participate in the Manitoba Public School Employees Group Life Insurance Plan according to the terms and conditions of the Master Policy of the said Plan. The appropriate premiums shall be deducted each month for the duration of their employment. The Board shall administer the said plan effective July 1, 1981.