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Life Insurance With:When an employee enrolls in medical coverage with ERS, they are automatically enrolled in Basic Term Life. This plan provides $5,000 of Basic Term Life and $5,000 of Accidental Death and Dismemberment insurance. The policy is payable to the employee's named beneficiary upon death. The AD&D benefit is payable to the named beneficiary if the employee sustains an accidental injury that results in death. In addition, an employee may have selected additional Optional Term Life up to a maximum of four times their annual salary, which is also payable to the employee's named beneficiary. A named beneficiary is anyone the employee wishes to be the beneficiary of their life insurance. A signed, dated and witnessed Life Insurance Beneficiary Designation form must be on file with ERS. If the employee has not named a beneficiary, then the life insurance will be issued to the immediate family member or executor of the estate, or as written under the laws of the state.Reporting the Death (Location Benefits Coordinator):
Reporting the Death (District Human Resources):
Handling the Death Claim (ERS or Group Life and Health):
Procedures for Final Payroll Check (Location Human Resources office):
Teachers Retirement System of Texas (Location Human Resources Office with):District Human Resources processes and submits TRS 8 form once the final payroll check has been processed.Optional Retirement Program (Beneficiary with):It is the responsibility of the beneficiary to contact the ORP Company about any benefits that might be available to them.