employees' basic life insurance benefit will increase
from $7,500 to $10,000 for all regular full-time employees
on July 1, 2002.
17, 2002 (Lexington, Ky.) -- University
of Kentucky President Lee T. Todd Jr. announced today
that UK employees' basic life insurance benefit will
increase from $7,500 to $10,000 for all regular full-time
employees on July 1, 2002.
to increase the coverage was presented to Todd in
the 2001-2002 Employee Benefits Committee (EBC) Annual
recognized that the current basic life insurance coverage
was below the coverage that many of UK's benchmark
institutions provide to their employees, and I felt
the committee's assessment had great merit," Todd
UK employee benefits manager, explained: "For employees
who do not purchase optional life insurance, this
will result in an increase to the amount of basic
coverage provided to them. For Those employees purchasing
the optional life insurance coverage, this will reduce
the amount of coverage the employee must pay for without
reducing the amount of coverage being purchased."
or comments regarding employee life insurance, call
UK Human Resources at (859) 257-9555 and press 1 or