Human Resources

Life Insurance
and Death Benefits



CSEA Employees Top

The University provides no separate life insurance program.

A death benefit may be payable to the beneficiary of an individual who dies while employed by the University.

The NYS Employees' Retirement System provides a benefit equal to one year's salary for each year of service up to three years maximum salary, but with death benefits reduced each year beyond age 61. This benefit is further reduced upon retirement.

If the death benefit provided by the retirement system is less than one-half final salary, a separate State program will provide or supplement that amount to a maximum of $10,000.


UUP Employees Top
      
The University provides no separate life insurance program. A modest term life insurance policy is provided through United University Professions (UUP), and additional coverage may be purchased.

A death benefit may be payable to the beneficiary of an individual who dies while employed by the University. Types and amounts of death benefits vary significantly according to the retirement system an employee elects.

  • The public retirement systems (TRS and ERS) provide a benefit equal to one year's salary for each year of service up to three years maximum salary, but with death benefits reduced each year beyond age 61. This benefit is further reduced upon retirement.
  • Under the Optional Retirement Program, the death benefit would be the current value of the contract accumulations, paid either as income or in a single sum.

If the death benefit provided by the retirement system is less than one-half final salary, a separate State program will provide or supplement that amount to a maximum of $10,000.


M/C Employees Top

Group Life Insurance is offered to M/C employees and eligible dependents. Premiums that on age and smoker/non-smoker status. The plan, underwritten by the Metropolitan Life Insurance Company, offers several options in amounts and type of coverage. Generally, newly hired or appointed M/C employees who enroll within the first six bi-weekly payroll periods of eligibility are guaranteed issue of a policy. Enrollment is considered late after the first six bi-weekly payroll periods and requires proof of insurability, including a Statement of Health. Visit the M/C Life website for more information: http://www.cs.ny.gov/otherben/life/mclife.cfm

A death benefit may be payable to the beneficiary of an individual who dies while employed by the University. Types and amounts of death benefits vary significantly according to the retirement system an employee elects.

The public retirement systems (TRS and ERS) provide a benefit equal to one year's salary for each year of service up to three years maximum salary, but with death benefits reduced each year beyond age 61. This benefit is further reduced upon retirement.

Under the Optional Retirement Program, the death benefit would be the current value of the contract accumulations, paid either as income or in a single sum.

If the death benefit provided by the retirement system is less than one-half final salary, a separate State program will provide or supplement that amount to a maximum of $10,000.


PEF, NYSCOPBA, and PBANYS Employees Top

The University provides no separate life insurance program.

A death benefit may be payable to the beneficiary of an individual who dies while employed by the University.

The Employees' Retirement System provides a benefit equal to one year's salary for each year of service up to three years maximum salary, but with death benefits reduced each year beyond age 61. This benefit is further reduced upon retirement.

If the death benefit provided by the retirement system is less than one-half final salary, a separate State program will provide or supplement that amount to a maximum of $10,000.