All teachers commencing employment with the Education Authority must participate in the Group Life Benefits Plan. This plan will commence on the December 1 of the year of hire or three months following the date of hire.
1. Life insurance shall be calculated at two (2) times the teacher's annual salary. In the case of accidental death, the "double indemnity" principle shall apply. Spousal insurance in the amount of $10,000 and dependant's insurance in the amount of $5,000 shall also be provided.
2. The cost of the Life Plan, Spousal Insurance and Dependant's Insurance shall be cost shared on a fifty-fifty (50/50) basis between the teacher and the Education Authority.
3. The cost of the Long Term Disability and the Weekly Indemnity insurance shall be paid one hundred percent (100%) by the teacher.
4. The cost of the Critical Illness Policy for Twenty-five Thousand Dollar ($25,000.00) will be shared equally between the Education Authority and the teacher.
5. Any changes to any insurance plan shall only be made by mutual agreement between the Education Authority and the Association.