(a)
In addition to the group life insurance provided for, the mayor and council are authorized
to contract for additional group life insurance sufficient to provide a maximum of
$10,000.00 on the life of each officer or employee who was employed by the city as
of May 31, 1967, in such groups and in such classifications as the mayor and council
deems proper, provided that the payment by the officer or employee shall not exceed
$0.70 per $1,000.00 per month. The balance of the cost required to pay for such group
insurance shall be paid by the city. No officer or employee shall be compelled to
take such additional insurance, but if the officer or employee voluntarily elects
to do so the chief financial officer shall be authorized to deduct the contributions
of such officer or employee from the salary or wages of the officer or employee so
insured. However, subsequent to May 31, 1967, no officer or employee shall be allowed
to come under the group life insurance plan providing only a maximum of $10,000.00
on the life of each officer or employee.
(b)
In addition to the group life insurance provided for in subsection (a) of this section,
the mayor and council, with respect to those officers or employees who are employed
by the city on or subsequent to June 1, 1967, are authorized to contract for additional
group life insurance in such amounts as the mayor and council may from time to time
determine on the life of each officer or employee in such groups and in such classifications
as the mayor and council deems proper, provided the payment by the officer or employee
shall not exceed $0.70 per $1,000.00 per month. The balance of the cost required to
pay for such group insurance shall be paid by the city. No officer or employee shall
be compelled to take such additional insurance, but if the officer or employee voluntarily
elects to do so the chief financial officer shall be authorized to deduct the contributions
of such officer or employee from the salary or wages of the officer or employee so
insured if the officer or employee is an employee of the city, and the board of education
is authorized to deduct the contributions of its employees. Any officer or employee,
employed as of May 31, 1967, may voluntarily elect to come under the group life insurance
plan, as provided for in this subsection, and contributions shall be deducted as set
forth in this subsection; provided, however, that such officer or employee making
such election shall not be permitted thereafter to continue in the group life insurance
plan providing a maximum of $10,000.00 upon the life of each officer or employee,
as set forth in subsection (a) of this section.
