Government Relations

Group Term Life Valuation

If your employees have been contributing toward the cost of their group term life insurance (GTL) via pre-tax deductions from their pay, you will need to change the method by which you calculate the wages resulting from excess GTL (coverage greater than $50,000). APA won the option of applying the new method to all of 2007, which could decrease the tax bill for your employees and your employer.

Join APA to view additional content on this page and enjoy all the other benefits of membership.

If you are having difficulty logging in or feel you have reached this page in error, please e-mail the American Payroll Association at APA@americanpayroll.org or call 210-226-4600.