181.22 LIFE INSURANCE.

   (a)    The City Manager is hereby authorized to purchase life insurance benefits in the maximum face amount of ten thousand dollars ($10,000) including a double indemnity clause for accidental death and lesser amounts for loss of limb or sight, for each permanent full-time and each permanent part-time employee of the City hired before January 1, 2014, excepting seasonal and temporary employees.

(Ord. 2014-2-15. Passed 2-12-14.)

   (b)   Each employee eligible for the life insurance benefits provided in subsection (a) hereof shall be eligible to purchase additional life insurance up to one times the employee's annual earnings in excess of ten thousand dollars ($10,000) subject to a maximum of fifty thousand dollars ($50,000) as provided in the Classification and Compensation Plan of the City at a rate of fifteen cents (15¢) per thousand dollars ($1,000) per month with the City paying the excess premium cost. Such additional insurance shall be in multiples of one thousand dollars ($1,000) only.

   (c)    Elected officials of the City shall be considered regular employees for the purpose of this section.

   (d)   Employees shall be eligible for the life insurance herein provided for after completing six months' service with the City. (Ord. 84-8-72. Passed 8-8-84.)