INCOME PROTECTION & TRAUMA INSURANCE SCHEME Sample Clauses

INCOME PROTECTION & TRAUMA INSURANCE SCHEME. The employer will continue to provide income protection insurance for all employees through the Protect insurance scheme. It is agreed that the premium will be collected by the Protect severance scheme at the same time as severance payments. It is agreed payments will be made for periods of all authorised absences, except for those periods where an employee is on leave without pay. The employer may continue payments if requested at the employee’s expense. It is agreed that the premium will be $20.90 per week for Tradespersons and $13.50 per week for Apprentices. From 1 December 2009 the premium will be $24.00 per week for Tradespersons and $19.90 per week for Apprentices. The above rates are inclusive of GST and stamp duty. If the premium rates increase higher than those stated above during the life of the agreement then the employer reserves the right to source an alternative insurance provider.
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INCOME PROTECTION & TRAUMA INSURANCE SCHEME. The Employer will continue to provide income protection insurance for all employees through the Protect insurance scheme. It is agreed that the premium will be collected by the Protect severance scheme at the same time as severance payments. It is agreed payments will be made for periods of all authorised absences, except for those periods where an employee is on leave without pay. The Employer may continue payments if requested at the employee’s expense. The level of coverage of income protection for employees and the premiums which must be paid by the Employer are as follows: 1/9/2020 31/8/2022 Tradesperson's Premium $ 38.00 per week $40.00 per week For Cover $1,900 $2,000 Apprentice Premium $27.15 per week $29.25 per week For Cover $1,300 $1,400 The above rates are inclusive of GST and stamp duty. If the premium rates increase higher than those stated above during the life of this Agreement then the Employer reserves the right to source an alternative insurance provider.
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INCOME PROTECTION & TRAUMA INSURANCE SCHEME. 7.15.1. Income protection and trauma insurance is to be provided in accordance with the relevant Jurisdiction appendix to this Agreement.
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INCOME PROTECTION & TRAUMA INSURANCE SCHEME. ‌ The Employer will continue to provide income protection insurance for all employees covered by this Agreement. All New South Wales and ACT based Employees will be registered with Chifley Financial Services, while all other Employees will be registered with Protect.
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Related to INCOME PROTECTION & TRAUMA INSURANCE SCHEME

  • Trauma Insurance All employees will be covered by an Incolink administered lump sum insurance policy providing financial compensation in the event of a major work related (ie. WorkCover) accident resulting in death or permanent total disablement. The full and precise conditions of this cover will be in accordance with the terms of the policy, but in general will provide that, in the event of a workplace accident occurring which results in either the death or total permanent disablement of a worker covered by this Agreement, a lump sum payment as specified below will made. The defined payments are: With dependants $250,000 Without dependants $150,000 This benefit has been agreed to by the company on the grounds that premium costs have been set at $7 per week/worker and will not exceed that amount. In the event of insurance costs rising, it is agreed that the table of defined benefits will be reduced so as to maintain the $7 premium figure. To maintain this cover the company agrees to pay the amounts every week for each employee.

  • Workplace Safety Insurance Benefits (WSIB) Top Up Benefits If the employee is in a class of employees that, on August 31, 2012, was entitled to use unused sick leave credits for the purpose of topping up benefits received under the Workplace Safety and Insurance Act, 1997;

  • GROUP INSURANCE PLANS 15.01 The Company agrees to provide all full time employees with one (1) or more years of continuous service, a *Short Term Disability Benefit (S.T.D.) as generally described in Section B of a notice to all employees of the amended Benefit Plan dated May 1, 1993. *Payment for Short Term Disability shall begin on the third (3rd) consecutive day of absence. For those employees who have completed ninety (90) days of perfect attendance from the last date of return to work from an absence due to sickness or accident, shall be paid S.T.D. from the first (1st) day for the first covered absence following the ninety (90) days of perfect attendance.

  • Group Insurance 38.01 The Group Insurance Plan presently in effect shall remain in effect during the term of this Agreement.

  • Health Insurance Plan (Excluding Summer Students Regardless of Wage Schedule Paid From) These employees shall be considered as a group in order that they may apply to participate in the Supplementary Plan and the Extended Health Benefit Plan at group rates. One hundred percent (l00%) of all premiums will be paid by the employees. The Company will pay one hundred percent (l00%) of the Ontario Health Insurance Plan premium for temporary employees who have four months' accumulated service.

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