Trustees' Handbook For Managers
5. SALARIES AND BENEFITS
5.16 Death Benefit
If a full-time manager should die before retirement, the College provides a death benefit in addition to group life insurance. The amount of the benefit is based on length of service.
If the manager has been continuously employed for less than one year at the time of death, the amount is equal to two weeks of current salary and is in addition to what has been earned. If the manager has been employed for one to five years of continuous service, the amount is equal to one month of current salary. If the manager has been continuously employed for five or more years, the amount is to equal two months of current salary.
Payment is to be made to the surviving spouse of the manager or to the contingent beneficiary(ies) named on the College's group life insurance contract. Such payment is not considered to be taxable income either by the State of Pennsylvania or the Internal Revenue Service and no withholding shall take place on the entire amount.