Group Universal Life (GUL) Premiums Associated with Contractual Wage Increase
May 7, 2021
We are learning there was an unexpected delay in applying the contractual wage increases that became effective in September of 2020 and that would have affected the GUL benefit as of January 1, 2021 (as provided for in Section 29.G.1.c.) based on how a Flight Attendant’s monthly salary is determined for this purpose.
Any claims filed during the period from January 1, 2021 – June 1, 2021 will be paid as if the higher pay rate had been applied in determining the benefit to which the survivors were entitled. At the same time, premiums paid from January 1, 2021 through May 31, 2021 will not be affected and will remain unchanged.
Premiums associated with the benefit increase resulting from the September 2020 salary increases will become effective as of June 1, 2021 for all future months for the same level of coverage.
If you have questions, please contact your Local Benefits Committee for assistance.