FILE:  EGA

Cf:  EGAA, EGAC

Cf:  GBRIB

 

STAFF INSURANCE COVERAGES

 

 

UNEMPLOYMENT COMPENSATION

 

The Zachary Community School Board shall use the reimbursing employer method of participating in financing the School Board's share of unemployment compensation as permitted by state law.

 

AUTOMOBILE LIABILITY INSURANCE

 

The Zachary Community School Board shall require personnel within the school district, who use their own vehicles while on official school business during the course of their employment, to carry automobile liability insurance.  The amount of coverage shall be at least that required by state law or a minimum which may be set by the School Board.

 

LIFE INSURANCE

 

From the time hired, an employee shall receive life insurance coverage on an annual basis from the School Board of 1½ times his/her current salary.  The School Board shall maintain life insurance coverage for all employees that retire from the Zachary Community School Board of 1½ times the salary earned at the time of retirement.  The maximum benefit for all life insurance coverage shall be $130,000.00.

 

For employees hired on or after August 1, 2019, an employee who has served a minimum of five (5) consecutive years of service at the time of retirement shall receive life insurance coverage of 1½ times the salary earned at the time of retirement, in accordance with the following reduction schedule:

 

Life Insurance Benefits and Accidental Death and Dismemberment Benefits for any insured retiree will automatically reduce on the policy anniversary date coinciding with or next following attainment of the ages shown below.  The amount of insurance will be reduced to the percentage of the scheduled benefit shown below:

 

To 65% - Age 70, but less than 75

To 50% - Age 75, but less than 80

To 30% - Age 80 and over

 

Revised:  October, 2002 Revised:  December 13, 2016
Revised:  December, 2002 Revised:  July 16, 2019
Revised:  August 24, 2006  

 

 

Ref:    La. Rev. Stat. Ann. §§17:1201, 17:1233, 23:1034, 23:1081, 23:1472, 32:861, 32:862, 32:863.1, 32:900, 42:821, 42:851

Israel v. Gray Ins. Co. 720 So.2d 803(98-525 La. App. 3 Cir. 10/28/98)

Board minutes,  2-27-03, 8-24-06, 12-13-16, 7-16-19

 

Zachary Community School Board