OCR Text |
Show Page 2 HILL TOP TIMES October 24, 1980 CfeoiKois einmDifi)i Jack Wecker, chief, Civilian Personnel Division, announced that life insurance benefits that substantially liberalize current coverage for federal employees have been signed into law by President Carter. New basic employee benefits go into effect in October 1981, when additional optional coverage also becomes available. New options for retiring employees will be available in December. Basic life insurance coverage will double for employees under 35 at no extra premium cost. Beginning at age 36, the additional coverage will decrease 10 percent each year until the basic benefit is reached at age 45. The basic benefit equals the sum of the employee's annual salary, rounded off to the next $1,000 plus $2,000. Employees will have the right to buy Voting warrants time off for some fedteorcal I5fe offisy coolie ft additional life insurance up to five times annual salary. At present, only $10,000 of optional insurance is available. A second option provides family life insurance of $5,000 for a spouse and $2,500 for each dependent w child under age 22. The optional insurance premiums have not been announced by the Office of Personnel Management. OPM officials do not expect them to be higher than present rates for optional insurance. of the Employees now pay premium for basic insurance with no further contribution after retirement. The biweekly premium is $.3825 per $1,000 of coverage with the employee contributing $.255 and the government $.1275. An employee under 35 making $20,000 a year now pays $5.61 per pay period for $22,000 two-thir- ds worth of insurance. Beginning October next year, the employee's basic premium rate would buy $44,000 worth of coverage if the salary stayed the same. An additional new option will permit employees at retirement to select coverage : from 50 to 100 percent of basic insurance. At present, basic coverage continues in full until age 65 or retirement, whichever comes later. At age 65, the retiree's coverage decreases by two percent per month until a floor of 25 percent of the amount of insurance in force at the time of retirement is reached. Retirees electing one of the new higher coverage options will be charged a uniform lifetime premium rate to pay for the option they select. Federal employees may be excused from work to vote without being charged leave in certain circumstances. However, where the polls are open three hours before or three hours after the employees' regular duty hours, no time off is granted. All polls in the state of Utah are open from 7 a.m. to 8 p.m. on election days. on election day may Employees who will be make a request in writing to their country clerk's office for an absentee ballot. In a jurisdiction where registration in person is required, excused time may be granted to register on the same basis as voting. No excused time is granted if the and round trip employee can register on a can be reasonably completed in one day. , Governing regulation is Air Force Regulation out-of-sta- te non-workd- ay pre-retirem- Employees retiring on or after Dec. 9 this Hill AFB year will have the opportunity to select one of the new options. Instruction materials containing full details will be available by the end of November to employees eligible to retire. Employees who retire after 1989 will continue paying premiums for basic coverage until age 65. At present, retirees do not have to pay basic coverage premiums. With the effective date for the new basic insurance almost a year away, OPM has not released full details and implementation instructions. Information materials will be issued before March of next year when a planned registration period will give eligible employees the opportunity to begin or change life insurance coverage. For further information call the Civilian Personnel Benefits Section, Ext, 6142. history sought The Hill Top Times will print a special souvenir edition dedicated to the base's 40th anniversary Nov. 7. Anyone interested in sharing their historical knowledge of the base or a story of their experiences working at Hill should call Brent Aguirre, Hill Top Times, Ext. 7321 or 7322. We are also looking for old photographs depicting the base during its early years. Please put your name, address and telephone number on all photos so they can be returned. Send them to PA, Attn: Hill Top Times, or bring them to building 1102, room 118 as soon as possible. 40-63- 1. WESTERN AUTO EXPERT BICYCLE SALES & SERVICE Fish ft Game Licenses Hardware Electrical Automotive Hand ft Power Tools Paint ft Accessories Sporting Goods The Nrainibsr ,0me Choice for the spoils enthusiast Gardening Appliances Plumbing These Rolex watches were designed for special people . . . those who take their entertainment seriously, and'who need a rugged timepiece to match their lifestyle. See our complete line of Rolex specialty watches today. Qct!iorfg VJCGTCIHJ AUTO DICYCLD d 129 So. State Street -C- LEARFIELD, UTAH 825-601- - 1 rv I u . Rolex GMT Master Shows time simultaneously in two to 165feet. zones,: pressure-proo- f Available in 18 kt. gold, steel and gold, and stainless steel with matching Jubilee bracelet. From $985. Rolex Submariner Rolex Cosmograph chronometer, guaranteed down to 660 feet pressure-proo- f below sea level. Available rn surgical stainless steel. timepiece in handcrafted stainless steel with matching surgical bracelet. Guaranteed to a depth of 165 feet. Sweep second hand, screw-dow- n buttons for measuring to 15 second, Triplock sequences crown. winding 30-jew- el $950. Schubach JEWELERS 17-jew- On riirniiiipii and Auto Upholstery Monthly Specials Drop in or call for free estimate el $995. FABRIC MAGIC Upholstery 550 N. Main Kaysville 370-294- 1 (Old Hoed I |