Employee Benefits
Employees are offered two types of life insurance coverage: basic (paid in full by Henrico County) and optional (paid by the employee):
Basic Coverage
All full-time eligible employees participate in a group term life insurance and accidental death and dismemberment insurance program through the Virginia Retirement System. Life insurance coverage is two times, or in the case of accidental death, four times the next highest thousand dollars above annual salary. Example: If annual salary is $13,455, coverage is for $28,000 life insurance in the case of regular death, or $56,000 for accidental death. Henrico County assumed the cost of this coverage effective July 1, 1977. Federal law requires that the employer report the value of this coverage (exceeding $50,000) as income received by the employee for tax purposes.
Optional Life Insurance
Employees covered for basic group life insurance may purchase optional group life insurance coverage in an amount equal to 8x their salary for the employee only. The member’s dependent spouse and dependent children are also eligible. Enrollment, beneficiary designation, and additional information is available at www.varetire.org.
If you have a question about life insurance, you may email the benefits office or call 804-652-3624.
Important Links
Optional Group Life – Virginia Retirement System/Securian Financial – log in to your myVRS account, select Life Insurance under the My History tab and select the Visit Securian button.
Contact Information
Securian Financial
P.O. Box 1193
Richmond, Va. 23218-1193
Phone (toll free) 800-441-2258
Henrico County Public Schools – Benefits Office
804-652-3624
FAX: 804-652-3988
Send an email
Contact Information
For questions email the HCPS Benefits Department at HCPSBenefits@henrico.k12.va.us or call 804-652-3624.