MEMORANDUM

To:     All Full-Time UTC Faculty & Faculty Administrators
From:   Doug Kutz, Administrator of the UTC Death Benefit Fund
Date:   September 5, 2006
Subject:        Enrollment Period

A number of years ago the faculty on this campus established the UTC Death 
Benefit Fund.  Recognizing that it can take weeks for a life insurance 
settlement to come about, the faculty created the UTC Death Benefit Fund to 
provide immediate cash to a participant's beneficiary.

Purpose:  To provide timely assistance to the beneficiary of a deceased 
participant.

Eligibility: All current full-time UTC faculty members or faculty 
administrators.

Benefits:The entire balance of the fund is paid to the beneficiary upon the 
death of a participant.  There has not been a payout for several 
years.  The current Fund balance is just over $1000.

Current Contribution: The current contribution is set at $20.00, the figure 
established a number of years ago.

Enrollment Period:  Faculty who are not already participants may join the 
Fund during the enrollment period (September 5 through October 31) by 
making a payment equal to the current contribution.

Disbursement: Payment is made by the fund administrator to the beneficiary 
immediately upon the death of the participant.

Fund Restoration:   After a payout, the Fund is restored by requiring all 
participants to make a new payment equal to the current contribution.

Current Participants:   Contact me if you're unsure whether you are already 
a member.  Individuals participating in the Fund should not make a new 
payment at this time.  If your beneficiary information has changed within 
the past year, please send me revised information

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