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 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 8 weeks and multiplying this result by 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)
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
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 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 8 weeks and multiplying this result by 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 45,001 to 50,000 50,001 to 60,000 60,001 to 70,000 70,001 to 75,000 75,001 and over 60% 58% 56% 54% 52% 51%
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Level of Benefits Provided. β 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 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 8 weeks and multiplying this result by 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)
Appears in 1 contract
Samples: Collective Agreement
Level of Benefits Provided. β 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 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 8 weeks and multiplying this result by 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 45,001 to 50,000 50,001 to 60,000 60,001 to 70,000 70,001 to 75,000 75,001 and over 60% 58% 56% 54% 52% 51%
Appears in 1 contract
Samples: Collective Agreement