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SCRS - Active Members
Active Group Life Insurance
State agencies and public school districts are
required to provide group life insurance coverage to employees. The coverage is
optional for other employers. If an employer provides group life insurance
coverage to its employees, the employer must pay for the coverage.
If your employer is covered and you die in service with at
least one full year of earned service credit, a payment equal to your current
annual earnable compensation will be paid to your designated beneficiary
or trustee. If your death results from a job-related injury, the one-year
requirement is waived. Group life insurance is considered life
insurance and is not taxable. |
