Section 1503-A. Amount.
(a) Schedule.--The amount of life insurance for any eligible employee shall be based on the eligible employee's annual pay rate from the Commonwealth in accordance with a schedule to be submitted annually by the secretary for publication in the Pennsylvania Bulletin.
(b) Reduction.--The amount of life insurance for any eligible employees 70 years of age or older shall be one-half the amount of life insurance provided under the schedule published under subsection (a).
(c) Change in amount.--Any change in the amount of life insurance made necessary by a change in pay shall take effect on the next succeeding program anniversary.
(1503-A added July 17, 2007, P.L.141, No.42)