Kansas Department of Administration

00-P-032 Optional Group Life Insurance Rate Changes (Supersedes Informational Circular 99-P-030)

Posted on October 21, 2021 at 12:50 PM by Kansas Department of Administration

DATE: June 19, 2000
SUBJECT: Optional Group Life Insurance Rate Changes
EFFECTIVE DATE: Pay Period Beginning June 25, 2000
CONTACT: Roger Basinger (785) 296-5387 (roger.basinger@da.state.ks.us)
APPROVAL: Approved by Dale Brunton
SUMMARY: Optional Group Life Insurance Rate Changes

Please be advised that effective with the payroll period beginning June 25, 2000 and ending July 8, 2000, paid July 21, 2000, the Optional Group Life Insurance rates are changing as follows:
 

Attained Age
Monthly Premium
per $1,000
Under 30 $0.07
30-34 $0.09
35-39 $0.11
40-44 $0.16
45-49 $0.23
50-54 $0.39
55-59 $0.58
60-64 $0.84
65-69 $1.38
70-74 $2.23
75 and above $3.76

An administrative fee of $0.20 per month will continue to be added to the premium each month. Maximum coverage available will remain at $200,000.00.

Age is based on the employee's attained age during the payroll period. Optional Group Life Insurance deductions will continue to be taken from the second biweekly paycheck of the month.

Board of Regents' Institutions operating under the Regents' Payroll system are responsible for implementing the new rates and for updating age groups and premium deduction amounts in their Payroll Systems effective with deductions made for the pay period beginning June 25, 2000 and ending July 8, 2000.

DB:JJM:rdb 

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