Common use of Level of Benefits Provided Clause in Contracts

Level of Benefits Provided. Unless otherwise provided in this Agreement, the Long-Term Disability benefit shall be an amount equal to a percentage of the annualized regular rate of pay of the position to which the member was permanently appointed or serving the required probationary period or trial term thereof on the date they were first eligible for Long-Term Disability benefits. The annualized regular rate of pay for full time members shall be calculated by multiplying the hourly regular rate of pay times the scheduled hours of work or, if the member's regular rate of pay is a bi weekly rate, then multiplying the bi-weekly rate times twenty-six point one (26.1). For part-time members, the regular rate of pay shall be applied to the average weekly hours worked by the member in the preceding nine (9) weeks and multiplying this result by fifty-two point two (52.2). The percentage of annualized regular rate of pay which is paid as the Long-Term Disability benefit shall be in accordance with the following: Annualized Regular Rate of Pay Long Term Disability Benefit (Percentage of Annualized Regular Rate of Pay) Up to $45,000 60% $45,001 to $50,000 58% $50,001 to $60,000 56% $60,001 and higher 54% The maximum monthly benefit payable shall not exceed four thousand dollars ($4,000.00). The Long Term Disability benefit payable shall be paid monthly, in arrears, and shall be determined by dividing the annual benefit payable by twelve (12). The employee must make reasonable efforts to obtain all benefits that might be available in connection with their disability. The City of Edmonton reserves the right to estimate these benefits and to establish its payment accordingly. If necessary, because of integration, the City of Edmonton has the right to re- establish payments from time to time. Further adjustments will be made if required when the employee's other entitlements are known. The amount determined above shall be reduced by any amounts the member may be entitled to from the sources set out as follows:

Appears in 10 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Level of Benefits Provided. Unless otherwise provided in this Agreement, the Long-Term Disability benefit shall be an amount equal to a percentage of the annualized regular rate of pay of the position to which the member was permanently appointed or serving the required probationary period or trial term thereof on the date they were he/she was first eligible for Long-Term Disability benefits. The annualized regular rate of pay for full full-time members shall be calculated by multiplying the hourly regular rate of pay times the scheduled hours of work or, if the member's regular rate of pay is a bi bi-weekly rate, then multiplying the bi-bi- weekly rate times twenty-six point one (26.1). For part-time members, the regular rate of pay shall be applied to the average weekly hours worked by the member in the preceding nine (9) weeks and multiplying this result by fifty-two point two (52.2). The percentage of annualized regular rate of pay which is paid as the Long-Term Disability benefit shall be in accordance with the following: Annualized Regular Rate of Pay Long Term Disability Benefit (Percentage of Annualized Regular Rate of Pay) Up to $45,000 60% $45,001 to $50,000 58% $50,001 to $60,000 56% $60,001 and higher 54% The maximum monthly benefit payable shall not exceed four thousand dollars ($4,000.00). The Long Term Disability benefit payable shall be paid monthly, in arrears, and shall be determined by dividing the annual benefit payable by twelve (12). The employee must make reasonable efforts to obtain all benefits that might be available in connection with their disability. The City of Edmonton reserves the right to estimate these benefits and to establish its payment accordingly. If necessary, because of integration, the City of Edmonton has the right to re- establish reestablish payments from time to time. Further adjustments will be made if required when the employee's other entitlements are known. The amount determined above shall be reduced by any amounts the member may be entitled to from the sources set out as follows:

Appears in 1 contract

Samples: Collective Agreement

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Level of Benefits Provided. Unless otherwise provided in this Agreement, the Long-Long Term Disability benefit shall be an amount equal to a percentage of the annualized regular rate of pay of the position to which the member was permanently appointed or serving the required probationary period or trial term thereof on the date they were he/she was first eligible for Long-Long Term Disability benefits. The annualized regular rate of pay for full - time members shall be calculated by multiplying the hourly regular rate of pay times the scheduled hours of work or, if the member's regular rate of pay is a bi - weekly rate, then multiplying the bi-bi - weekly rate times twenty-twenty - six point one (26.1). For part-part - time members, the regular rate of pay shall be applied to the average weekly hours worked by the member in the preceding nine eight (9) 8) weeks and multiplying this result by fifty-fifty - two point two (52.2). The percentage of annualized regular rate of pay which is paid as the Long-Long Term Disability benefit shall be in accordance with the following: Annualized Regular Rate of Pay Long Term Disability Benefit (Percentage of Annualized Regular Rate of Pay) Up to $45,000 45,001 to 50,000 50,001 to 60,000 60% $45,001 to $50,000 58% $50,001 to $60,000 56% $Long Term Disability Benefit Annualized Regular Rate of Pay (Percentage of Annualized Regular Rate of Pay) 60,001 to 70,000 54% 70,001 to 75,000 52% 75,001 and higher 54over 51% The maximum monthly benefit payable shall not exceed four thousand dollars ($4,000.00)4,000) dollars. The Long Term Disability benefit payable shall be paid monthly, in arrears, and shall be determined by dividing the annual benefit payable by twelve (12). The employee must make reasonable efforts to obtain all benefits that might be available in connection with their disability. The City of Edmonton reserves the right to estimate these benefits and to establish its payment accordingly. If necessary, because of integration, the City of Edmonton has the right to re- establish payments from time to time. Further adjustments will be made if required when the employee's other entitlements are known. The amount determined above shall be reduced by any amounts the member may be entitled to from the sources set out as follows:

Appears in 1 contract

Samples: Collective Agreement

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