32 / 60
30
Basic Life and AD&D Insurance
If you have loved ones who depend on your income for support, having life and accidental death
insurance can help protect your family's financial security and pay for large expenses such as
housing and education, as well as day-to-day living expenses.
BASIC LIFE AND AD&D
Basic Life Insurance pays your beneficiary a lump sum if you die. AD&D provides another layer
of benefits to either you or your beneficiary if you suffer from loss of a limb, speech, sight, or
hearing, or if you die in an accident. The cost of coverage is paid in full by the City of Sunnyvale.
Coverage is provided by Voya Financial.
Class
Description
Benefit
Class 1
City Manager / City Attorney
1x Basic Annual Earnings to $325,000
Class 2, 4
All Management Employees
1x Basic Annual Earnings to $175,000
Class 3
All Other Full-Time Employees
1x Basic Annual Earnings to $175,000
Class 5
SEIU Employees
1x Basic Annual Earnings to $80,000
Note: The Internal Revenue Code (IRC) requires that premiums paid by the City for Basic Life insurance coverage in excess of $50,000 be
included as taxable income at the close of each tax year. You will see the taxable value included in your income on your paycheck and
W-2. This will most likely not impact your tax status, but you may wish to consult with your financial planner.
Conversion: Upon separation or retirement, your Basic Life coverage may be converted to a
Whole Life policy with Voya. Rates per $1,000 in coverage are based on your age. You will need
to complete and submit a
Life Conversion Information Request
form, along with payment, to the
insurance carrier within 31 days of leaving City employment. Please contact the Department of
Human Resources to obtain this form.