Section VI - Employment Matters

VI D 6

Benefits - College Voluntary Death Benefit Plan

To describe the College voluntary death benefit plan available to College employees

A College Voluntary Death Benefit Plan is available to College employees. Please note that this is different than the Teachers’ and State Employees Death Benefit offered through the State Retirement Plan.

The following guidelines have been established for operation of the Plan as approved by the Board of Trustees:

  1. Upon the death of any participating permanent employee of Randolph Community College or the death of that employee's named beneficiary, the sum of $10.00 shall be deducted from each of the other participating employees' salary check the next pay period and shall be paid in a lump sum to the employee or the employee's beneficiary as named by the employee on his/her signed commitment to the Plan.
  2. The Plan is available on a voluntary basis to each eligible employee and can be terminated at will upon written request for cancellation by the employee to the Human Resources Office. A change in beneficiary or contingent beneficiary may be made in the same manner. A new College Voluntary Death Benefit Plan form should be completed upon the death of the beneficiary or the contingent beneficiary.
  3. The intent of the Plan is to provide immediate funds to the beneficiary or to the employee in the event of the death of the beneficiary.
  4. The $10.00 deduction will be made on a "per death" basis. In the event of the death of an employee and his/her beneficiary, an amount of $20.00 per participating employee will be paid to the contingent beneficiary.
  5. The contingent beneficiary receives payment only if the death of the employee and the beneficiary occur at the same time.

Additional information may be obtained in the Human Resource Office.


Adopted: 04/15/1999

Revised: 02/01/2000