Common use of Level of Benefits Clause in Contracts

Level of Benefits. 50% of regular weekly earnings calculated at forty (40) times the disabled employee's hourly straight time job rate at the date of onset of disability plus any negotiated increases to that hourly straight time job rate which would take place during the elimination period. An employee who is under 60 years of age and reaches his/her annual anniversary on long term disability, and each subsequent anniversary on long term disability, will have his/her future disability benefit recalculated using the greater of his/her existing long term disability benefit or a recalculation using the job rate that is in place on that date. The recalculated weekly benefit when combined with all other disability income which the disabled employee is receiving will not exceed 80% of 40 hours multiplied by the job rate in effect at the time of recalculation.

Level of Benefits. 50% of regular weekly earnings calculated at forty (40) times the disabled employee's ’s hourly straight time job rate at the date of onset of disability plus any negotiated increases to that hourly straight time job rate which would take place during the elimination period. An employee who is under 60 years of age and reaches his/her his annual anniversary on long term disability, and each subsequent anniversary on long term disability, will have his/her his future disability benefit recalculated using the greater of his/her his existing long term disability benefit or a recalculation using the job rate that is in place on that date. The recalculated weekly benefit when combined with all other disability income which the disabled employee is receiving will not exceed 80% of 40 hours multiplied by the job rate in effect at the time of recalculation.

Level of Benefits. 50% of regular weekly earnings calculated at forty (40) times the disabled employee's ’s hourly straight time job rate at the date of onset of disability plus any negotiated increases to that hourly straight time job rate which would take place during the elimination period. An employee who is under 60 years of age and reaches his/her their annual anniversary on long term disability, and each subsequent anniversary on long term disability, will have his/her their future disability benefit recalculated using the greater of his/her their existing long term disability benefit or a recalculation using the job rate that is in place on that date. The recalculated weekly benefit when combined with all other disability income which the disabled employee is receiving will not exceed 80% of 40 hours multiplied by the job rate in effect at the time of recalculation.