(a) Each full-time employee of the Village shall be provided with ten thousand dollars ($10,000) in term life insurance during the course of their employment.
(b) Each full-time employee of the Village retiring- with twelve or more years of service with the Village and with eligibility to receive a pension from the Public Employees Retirement System or the Police and Firemen's Pension and Disability Fund shall be entitled upon retirement from the Village to a seven thousand five hundred dollar ($7,500) paid up life insurance policy.
(Ord. 1982-21. Passed 3-25-82. )