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Attachment A - Current Group Life Insurance AD&D and LTD Benefit Summary

Palo Alto City Council
March 17, 2025

Document
Attachment A - Current Group Life Insurance AD&D and LTD Benefit Summary
Meeting
March 17, 2025
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Palo Alto City Council
Original file
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Text extracted from the city's file for reading and search. Open the original on cityofpaloalto.primegov.com. That file is the official record.

Attachment A: Current Group Life Insurance, AD&D and LTD Benefit Summary Plan Current Benefit
Employee Basic Life Insurance & AD&D Basic Life 1x Annual Compensation to a maximum of $325,000. Basic AD&D Benefit 1x
Annual Compensation to a maximum of
Voluntary Life Insurance & AD&D Non-Management Employees Voluntary Life 1x Annual Compensation to a
maximum of $325,000. Basic AD&D Benefit 1x
Annual Compensation to a maximum of
$325,000.

Management Employees
Voluntary Life 1x or 2x Annual Compensation to
maximum of $325,000. Basic AD&D Benefit 1x or
2x Annual Compensation to a maximum of
$325,000.

Long-term Disability (LTD) Insurance SEIU Bargaining Unit Option 1 - Replaces 60% of the annual earnings
to a maximum of $1,800 per month after 60 day
waiting period.

Option 2 - Replaces 66.67% of the annual
earnings to a maximum of $4,000 per month
after 60 day waiting period.

Management Groups
Option 3 - Replaces 66.67% of the annual
earnings to a maximum of $10,000 per month
after 60 day waiting period.

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