Members of the Alternate Benefit Program are eligible for life insurance coverage in the amount of three and one-half times the employee's annual base wage.
Members of the Public Employees' Retirement System receive life insurance coverage totaling three times the employee's annual base wages, which consists of contributory and non-contributory coverage. For the non-contributory portion, PERS members contribute .0050% of base wages.
Members of the Police and Firemen's Retirement System receive life insurance coverage totaling three and one-half times the employee's final compensation, the total base salary upon which your pension contributions were based during the year preceding your death. If you die during the first year of creditable service, the benefits will be three and one-half times your creditable base salary upon which pension contributions were paid.