“Biweekly” = 26 times per year; “Twice-Monthly” = 24 times per year; “Monthly” = 12 times per year.
Remember, the above costs only apply if you are selecting some form of Supplemental Benefits. The basic Health & Welfare Options (1, 2, and 3) do not have any cost to the employee. However, the Supplemental Benefits vary in cost, depending upon (for example) which of the three Health & Welfare Options (1, 2, or 3) you are enrolled in (if applicable).
Table for Calculating Your Supplemental Disability Costs
Use this table to calculate your twice-monthly cost for either Level One or Level Two supplemental disability coverage. Deduction amounts per pay period are affected by many factors. The deductions per pay period illustrated in the calculations above are approximations only. All benefits are based upon a $100,000 maximum annual salary. Please contact OCEA at (714) 835-3355 for additional information.
Calculating Your Supplemental Life Insurance Costs
