NDSU Human Resources and Payroll has received notice from NDPERS that basic life insurance coverage for active members will increase to $7,000 from the current coverage of $3,500, effective August 1, 2017.
The first increment of employee supplemental coverage will increase from $1,500 to $3,000.
Example: Employees with $5,000 total coverage (including Basic) prior to August 1, 2017
Effective August 1, 2017
- Employees will have $7000 provided as basic coverage instead of $3,500
- The first increment of employee supplemental coverage will increase from $1,500 to $3,000
- Therefore, the employee's supplemental coverage will increase to $10,000 ($7,000 + $3,000)
The NDPERS Group Life Insurance Plan contract has been renewed with the current carrier, Voya Financial.
For questions, please contact NDPERS at 701-328-3900 or 800-803-7377.