Group Life Insurance

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The Town of Vienna, through the Virginia Retirement System, provides group life and accidental death and dismemberment insurance for all permanent employees at no cost. This policy provides a double indemnity clause for accidental death and provisions in the event of accidental dismemberment.

Employees can calculate the value of their life insurance plan by rounding their annual base salary to the next highest thousand and then doubling that amount. For example, an employee who makes $38,300 would have a $78,000 benefit.

Life insurance coverage ceases 31 days after termination of employment. Should a separating employee desire, he/she may convert this life insurance policy to an individual policy through VRS.

Upon retirement, coverage begins to reduce on January 1 following one calendar year of retirement. The reduction rate is 25% each January 1 until the policy reaches 25% of the plan’s original value at time of retirement.

Employees also have life insurance coverage if they retire due to a disability. Basic group life insurance begins to reduce on January 1 following one calendar year after the policyholder’s 65th birthday. The reduction rate is 25% each January 1 until the policy reaches 25% of the plan’s original value at time of retirement.