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Gettyburg College

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Life Insurance

Life Insurance:
The college provides employees with life insurance equal to one and one- half times the employee's base salary immediately upon employment, up to a maximum amount of $350,000. The Internal Revenue Service imposes an imputed income tax on employer-provided group life insurance in excess of $50,000. The employee must pay the tax on the value of the premium for the amount over $50,000.

Supplemental Term Life Insurance
The college offers a voluntary term life insurance program for employees, their spouses and dependent children. Employees pay a minimal amount for this voluntary benefit.

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Gettysburg College 300 North Washington Street · Gettysburg, PA 17325
P: 717.337.6300