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Voluntary Term Life Insurance Information for NCPERS
The City offers an additional option for life insurance if employees wish to participate. The National Conference on Public Employee Retirement Systems (NCPERS) Public Employee Financial Protection Plan is a program covers employees, spouse / domestic partner, and/or children. The cost is $16 per month ($8 per pay period over 24 paychecks). Please note that you must be a member of the IMRF pension to be eligible for this plan. The plan is administered by Prudential.
Also included is a Student Loan Protection Benefit for NCPERS participants. If employees are age 45 and under, approved for a waiver of premium claim due to a total disability, and have an outstanding student loan balance, through the program, employees will be reimbursed the amount of student loans that you owe up to a maximum of $50,000.
*Unmarried children up to age 26 are covered, including adopted children, stepchildren, and foster children who depend on you for support. Dependents in the military service are not eligible.
For additional information, please reach out to NCPERS directly.
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