Letter of Agreement Regarding Optional Life Insurance

During the course of the negotiations between the parties for the 2023-2027 collective bargaining agreement, the University and Association discussed the fact that sums paid to a House Officer out of federal grants from which no income taxes are withheld, pursuant to paragraph 19, are excluded from their income for the purposes of the Optional Life Insurance Plan provided in Article IV. Section B.

The University agrees that at the next opportunity to renegotiate the terms of the Optional Life Insurance Plan coverage with the carrier, it will explore whether such grant income can be included in the earnings used to calculate the value of the benefit. Although the University cannot guarantee the outcome of this process, best efforts will be made in this regard and the outcome communicated to the Association.

For The Regents of
The University of Michigan

By: Wade Baughman
Date:

The University of Michigan
House Officers Association

By: Robin L Tarter
Date: