Long Term Disability Income Benefit Sample Clauses

Long Term Disability Income Benefit. The Corporation shall offer long term disability insurance for each full time teacher. This program shall be fully insured and include a ninety (90) day waiting period. The Corporation shall pay the total premium less one dollar ($1.00) annually. Any teacher eligible for benefits under this plan shall be allowed to remain in the group health insurance plan until such time as they are no longer eligible for the plan or are able to receive Medicare benefits. The teacher is responsible for any premium due.
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Long Term Disability Income Benefit. The Corporation shall provide long term disability income benefit insurance for each full time employee. This program shall be provided by Sun Life Disability and Life Insurance with the ninety (90) day waiting period. The Corporation shall pay the total premium less one dollar ($1.00) annually. Any employee claiming benefits under this program shall be allowed to remain in the group health insurance program until such time as they are no longer eligible for disability or are able to receive Medicare benefits. The employee is responsible for any premium due.
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Long Term Disability Income Benefit. Pays 66 2/3% of basic monthly earnings not to exceed a maximum monthly benefit of $3,000, sixty-day elimination period.
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Long Term Disability Income Benefit. (Employee Only) Effective with disabilities commencing on or after August a Monthly Income Benefit will be paid to employees who are totally disabled commencing with the exhaustion of the Short Term Disability Income Benefit provided herein. The employee will be regarded as “totally disabled” when the nature and degree of the disability is such that the employee cannot perform each and every duty of any occupation for which is reasonably suited, having regard for education, training and experience. The Benefit is payable as long as the employee is “totally disabled”, and ceases upon the earliest of death, recovery or attainment of Age Benefits are not payable for any disability resulting from intentionally self-inflicted injuries, while sane or insane; riots, insurrections or any act of war, or the commission of, or an attempt to commit, any criminal act. If the disability results from mental or nervous illness, the Monthly Benefit otherwise payable shall be reduced by fifty percent during any period when the disabled employee is not hospitalized. If the disabled employee is in receipt of a benefit under the Workers’ Compensation Act, on account of the same disability, the Monthly Income Benefit otherwise payable under this Plan will be reduced, dollar for dollar, by any amounts payable under the Act. If a disabled employee is in the “grey” area between total disability and total recovery, and attempts some form of “light work” under the supervision of a physician, the Benefit will be reduced by of income derived from such rehabilitative employ- ment for up to two (2) years of such employment. If the employee cannot continue the employment for health reasons, goes back on full Benefits; if still so employed after two (2) years, the Benefit ceases since is no longer regarded as “totally disabled”. The Monthly Income Benefit payable is determined by the Insurer’s Premium for this benefit, in comparison with the Company’s contribution for the benefit. Effective with disabilities commencing on or after September the Monthly Income Benefit is As previously noted, the Monthly Benefit for future claimants will be adjusted in the event that insurance premiums change.
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Long Term Disability Income Benefit. Sixty-six point seven percent (66.7%) of basic monthly income limited to a monthly maximum of $4000, subject to reductions. Overall maximum shall be limited to eighty-five (85) percent of pre-disability take home monthly earnings (benefit is tax exempt), determined at the beginning of the disability. Elimination period is one-hundred and nineteen (119) days and is for total disability. Maximum benefit period is to participant's sixty-fifth (65) birthday. Benefit amounts are rounded to the next highest dollar. Benefit terminates at the earlier of retirement and age sixty-five (65). The employer will continue to enroll the participant in their benefit plan to a maximum of twenty-four (24) months after the commencement of the Long Term Disability Income Benefit. The Employer will provide the cash equivalent to the individual, an amount equal to the actual cost of the premium for this coverage including any increases to the cost of coverage. The employee will in turn pay the premium for the Long Term Disability Income Benefit. It is understood that the Employer will administer this provision. The employee will cost share the benefit premium for Long Term Disability only at a cost sharing of 30% employee, 70% employer paid. Health Care Insurance, includes: Hospitalization, within Canada-- semi-private room, without any limit to the number of days Home Nursing Care: maximum of $10,000 per calendar year Registered Nurse -- Paramedical Care -- $500 per calendar year per specialist Prescription Drugs: for generic drugs, with some exclusions, subject to a maximum dispensing fee of $5.00 Chiropractor, Osteopath one professional visit per day up to $500 and Naturopath -- per calendar year per specialist Podiatrist -- one professional visit per day up to $500 per calendar year per specialist Psychologist -- one professional visit per day up to $500 Social Worker calendar year Massage Therapist -- up to $500 per calendar year with a physician’s referral Hearing Aids -- $300 per each consecutive three (3) year period Accidental Death & Coverage provided for Dismemberment Insurance: death or severe injuries to members only. Hospitalization Outside semi-private room, without any limit as Canada * -- to the number of days Medical and Surgical maximum amount reimbursed by the Services Outside the insurer, per insured person and per Province * -- calendar year is $5,000,000 Deductible -- Nil Reimbursement -- one-hundred (100) percent Maximum amount reimbursed by the insurer, ...
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Long Term Disability Income Benefit. Long Term Disability Income Benefit 60 percent Elimination (Waiting) Period 180 days Maximum Amount of Monthly Benefit $1,500 Maximum Duration Sickness or Accident to age 65
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Long Term Disability Income Benefit. Seventy (70%) percent of your gross weekly income. - Elimination period: seventeen (17) weeks. - Maximum benefit period: to the last day of the month in which you reach age sixty-five (65). - Two year own occupation feature - The benefits are taxable. - Benefit amounts are rounded to the next highest dollar.
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Long Term Disability Income Benefit. 9.5.4.1 In the event of "total disability" as defined in the Plan, the eligible employee will become entitled to receive after the thirtieth calendar day of disability 66.7% of his/her monthly earnings.
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Related to Long Term Disability Income Benefit

  • Long Term Disability Benefit In the event an employee, while covered under this plan, becomes totally disabled as a result of an accident or a sickness, then, after the employee has been totally disabled for seven (7) months, including periods approved in Section 1.3(a) and (c), he/she shall be eligible to receive a monthly benefit as follows:

  • Long Term Disability Benefits A benefit level of seventy percent (70%) of monthly earnings shall apply. Benefits would commence after a waiting period of seventeen (17) weeks, when Short Term Disability Benefits terminate. Terms of the Master Policy with the Insurance Company shall apply. Statement of Intent In order to go on LTD, the person must:

  • Long Term Disability (LTD 4.7.1 The school board shall cooperate in the administration of the LTD Plan. It is understood that administration means that the school board will co-operate with the enrolment and deduction of premiums and provide available necessary data to the insurer, upon request. The school board will remit premiums collected to the carrier on behalf of the teachers.

  • Long Term Disability The Employer agrees to provide Long Term Disability benefits for active full-time employees after fifty-two (52) weeks if an Employee is unable to perform any occupation (reasonably suited by means of training, education or experience). The Plan will provide for sixty-six and two thirds percent (66 2/3%) of an Employee's basic monthly earnings to a maximum of $1,500.00. Coverage would cease the date an Employee attains normal retirement age.

  • Long Term Disability Plan The Welfare Plan will include a Long Term Disability Plan summarized in Appendix “2”.

  • Long-Term Disability (Employee Paid Plans)

  • Long-term Disability Coverage New employees may enroll in long-term disability insurance by their initial effective date of coverage. Employees who become eligible for insurance may enroll in long-term disability insurance within thirty (30) days of their initial effective date as defined in this Article, Section 5C. An employee who is insurance eligible and moves from a temporary position to a permanent position will be allowed to enroll in long-term disability coverage within thirty (30) days of the event without providing evidence of insurability. The terms are the same as for employees who wish to add/increase during the annual open enrollment. During open enrollment only, an employee may purchase long-term disability coverage that provides benefits of from three hundred dollars ($300) to seven thousand dollars ($7,000) per month, based on the employee's salary, commencing on the 181st calendar day of total disability, and not subject to evidence of insurability but with a limited term pre-existing condition exclusion. Employees should be aware that other wage replacement benefits, as described in the certificate of coverage (i.e., Social Security Disability, Minnesota State Retirement Disability, etc.), may result in a reduction of the monthly benefit levels purchased. In any event, the minimum is the greater of three hundred dollars ($300) or fifteen (15) percent of the amount purchased. The minimum benefit will not be reduced by any other wage replacement benefit. In the event that the employee becomes totally disabled before age seventy (70), the premiums on this benefit shall be waived.

  • Long Term Disability Insurance Plan The Employer shall provide a mutually acceptable long-term disability insurance plan, a copy of which shall appear in Appendix “A” – Long-Term Disability Insurance Plan. The plan shall provide post-probationary regular employees with salary continuation as per Appendix “A” until age sixty-five (65) in the event of a disability. The cost of the plan shall be borne by the Employer.

  • Long Term Disability Insurance 250. The City, at its own cost, shall provide to employees a Long Term Disability (LTD) benefit that provides, after a one hundred and eighty (180) day elimination period, sixty percent salary (60%) (subject to integration) up to age sixty-five (65). Employees who are receiving or who are eligible to receive LTD shall be eligible to participate in the City's Catastrophic Illness Program as set forth in the ordinance governing such program.

  • Short Term Disability Benefits Paragraph 1: The Board shall provide short term disability benefits as set forth in the Short Term Disability Summary Plan Description. Short term disability benefits for disabilities resulting from non-occupational illness or injury, shall be paid at the rate of 70% of the teacher’s regular daily rate, subject to all applicable deductions. A teacher may choose to save up to five (5) accumulated temporary leave days. Following the exhaustion of temporary leave, there is a five day waiting period before short term disability benefits begin. The five day waiting period will be waived for absences greater than 30 calendar days and short term disability payments shall be paid retroactively.

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