For all full-time employees, including full-time elected officials and part time Clerk/Dispatchers hired prior to May 11, 2005, the Village shall purchase and the Chief Fiscal Officer shall be authorized to pay for a policy of term life insurance in the amount of twenty-five thousand dollars ($25,000). The purchase of the insurance shall be subject to review by Council on an annual basis, to determine whether the purchase should be continued, the level of insurance and the cost thereof.
(Ord. 2002-118. Passed 9-11-02; Ord. 2003-132. Passed 10-8-03; Ord. 2005-79. Passed 5-11-05; Ord. 2009-36. Passed 2-11-09; Ord. 2018-32. Passed 3-14-18.)