Excluded employee group life premiums reduced
The Department of Personnel Administration released a memo this week announcing a reduction in premiums for excluded employees enrolled in the Basic Group Term Life Insurance Program.
Effective July 1, 2012, the premiums will change as outlined here:
Policyholder
|
Policy
|
Old Rate |
New Rate |
| Supervisor/Confidential |
$25,000 |
$4.40 |
$3.68 |
| Supervisor/Confidential |
$12,500 at age 70 |
$2.43 |
$2.06 |
| Managers |
$50,000 |
$8.35 |
$6.90 |
| Managers |
$25,000 at age 70 |
$4.40 |
$3.68 |
If you have any questions regarding this announcement, please contact DPA Benefits Program Analyst Patty Rosales-Abila at (916) 324-5553 or Patty.RosalesAbila@calhr.ca.gov