| Example: A physician who has 8 years of Credited Service and a Base Annual Compensation of $180,000 will have $360,000 of Permanente Provided Life Insurance. However, if this physician works a reduced schedule, the coverage is reduced. An 8/10ths (0.80) schedule physician would have a coverage amount of $288,000 ($360,000
x 0.80).
*See "Common Plan" section for definition of Qualifying and Credited Service.
Premiums are paid by SCPMG and result in imputed income for Partner and employee physicians who have coverage in excess of $50,000.
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