Long Term Disability Insurance Plan Sample Clauses
The Long Term Disability Insurance Plan clause outlines the provision of insurance coverage for employees who are unable to work for an extended period due to a qualifying disability. Typically, this clause details eligibility requirements, the waiting period before benefits begin, the percentage of income replaced, and the duration of coverage. Its core function is to provide financial security to employees facing long-term health issues, thereby protecting both the employee’s livelihood and the employer’s responsibility to support their workforce during prolonged absences.
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Long Term Disability Insurance Plan a) The College shall pay one hundred percent (100%) of the cost of the premiums of a long-term disability insurance plan. This plan shall provide benefits in the amount of two-thirds (2/3) of the monthly salary to a maximum benefit of three thousand five hundred dollars ($3,500) after the ninetieth (90th) day of disability.
b) An employee on an approved leave of absence without pay shall have the option to retain coverage under the long-term disability plan during the period of the leave. Should the employee opt to retain coverage, she shall pay the cost of the premium of the long-term disability plan during the period of the leave.
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 Plan.
39.01 The Employer shall provide a mutually acceptable long-term disability insurance plan.
39.02 The plan shall be as provided in the Addendum - Long-Term Disability Insurance Plans.
39.03 The Employer shall pay one hundred percent (100%) of the premium.
Long Term Disability Insurance Plan. The Employer will pay all monthly premiums for Long Term Disability Plan which is available to regular full-time employees and the dental clinic coordinator, the certified dental assistant and the dental assistant pursuant to the terms and conditions of the Plan.
Long Term Disability Insurance Plan. A) Regular employees shall become members of the long-term disability plan as a condition of employment.
B) The plan shall provide employees with two-thirds’ (2/3) salary continuation until age sixty-five (65), in the event of a disability, to a maximum of three thousand five hundred dollars ($3,500) per month.
C) The Employer shall pay one hundred percent (100%) of the monthly premium.
Long Term Disability Insurance Plan. Effective January 1, 2022, through the term of this MOU, the ACFD shall pay any increases in cost to the plan premium of the firefighter’s participation in a long-term disability insurance plan through the California Association of Professional Firefighters.
Long Term Disability Insurance Plan. The Employer shall bear the cost of a Long Term Disability Plan (L.T.D.) for those employees regularly working full-time. The benefit period commences on the first (1st) day immediately following the exhaustion of Weekly Indemnity and Employment Insurance benefits. Benefits are payable to the earliest attainment of age sixty- five (65), death, recovery, or attainment of that age at which the employee may retire on an unreduced pension or the equivalent of an unreduced pension through a supplemental payment available from any private pension plan to which the Employer contributes. The total disability income is equal to fifty (50%) percent of base weekly earnings at the date of disability, up to a maximum of one thousand ($1,000.00) dollars per month. All disabilities occurring July 1st, 1997, or later, the maximum monthly Long Term Disability benefit will be increased to twelve hundred ($1,200.00) dollars per month. For all disabilities occurring on or after April 1st, 1998, the amount will be increased to fourteen hundred ($1,400.00) dollars per month. For all disabilities occurring on or after March 16th, 2008, the amount will be increased to eighteen hundred ($1,800.00) dollars per month. For all disabilities occurring on or after June 10th, 2011, the amount will be increased to two thousand ($2,000.00) dollars per month. The total disability income is inclusive of any disability payments, including lump sum payments from Government sponsored plans. Government sponsored plans include Workers' Compensation, Canada Pension Plan, Quebec Pension Plan, or any other group disability plan or income replacement program, the cost of which the Employer is or may be required to contribute by law or Collective Agreement. The amount of any payment received from the Canada Pension Plan or the Quebec Pension Plan is to be frozen at the commencement of disability so that subsequent increases in CPP/QPP will not further reduce benefit payments under the Long Term Disability Income Plan. It is understood and agreed that all matters of eligibility, coverage and benefits shall be as set out in the plan and as determined by the carrier.
Long Term Disability Insurance Plan. Effective January 1, 2008, through the term of this Memorandum of Understanding, the Department shall pay any increases in cost to the plan premium of the firefighters participation in a long-term disability insurance plan through the California Association of Professional Firefighters.
Long Term Disability Insurance Plan. 37.01 The Employer shall provide a long-term disability insurance plan.
37.02 The plan shall be mandatory and shall cover post- probationary employees. The Plan shall provide employees with two-thirds salary continuation for a maximum $4,000 per month after a waiting period of 17 weeks has expired. Coverage will be until the age of sixty-five (65).
37.03 The plan shall be as provided as per the Employer’s Benefit Plan - Group Life and Long-Term Disability Insurance Plans, to be drafted by the parties at the time that the plan is to come into
37.04 The employee shall pay one-hundred percent (100%) of the premium.
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 sixty-six and two-thirds percent (66 2/3%) of monthly earnings, continuing until age sixty-five (65) in the event of a disability. The cost of the plan shall be borne by the Employer. Coverage will apply to regular full-time and regular part-time employees who are scheduled to work a minimum of fifteen (15) hours per week.