Long Term Disability Policy. The City shall pay premiums for a Long-Term Disability Policy for each employee. The Long- Term Disability policy shall provide for salary replacement of 66.67% of an individual’s salary up to a maximum disability benefit of $7,500 per month
Long Term Disability Policy. The Board will provide long term disability income to cover all regular teachers under the age of 65, working at least fifteen (15) hours per week after the first 330 calendar days of illness or disability. Such policy will not exceed payment of 2/3 of his/her regular salary at time of illness or disability, subject to maximum benefit of five thousand dollars ($5000.00) per month, and reduced by any amounts paid or payable under Worker's Compensation, Social Security, or any earned income. Said compensation, as described above, is subject to the terms of the contract with the respective carrier.
Long Term Disability Policy. An employee shall have the option to fund a PORAC Long-Term Disability policy with after-tax income. In lieu of the City sponsored LTD plan, the City will pay an annual $100 lump sum payment minus applicable taxes to each employee. This lump sum payment will be made in the first pay period in December of each year of this MOU.
Long Term Disability Policy. During the Employment Term, the Company will pay the premiums for an enhanced long-term disability insurance policy that will provide coverage of sixty percent (60%) of Executive’s base eligible earnings. This long-term disability policy will be subject to Executive’s continuing to satisfy all applicable eligibility requirements imposed by the long-term disability insurance company.
Long Term Disability Policy. The School Town of Highland will pay the premium for a long term disability insurance policy for each contract teacher meeting the following specifications: a minimum benefit of 66 2/3% of salary to age sixty-five (65). The Plan shall carry a Consumer Price Index – W yearly escalator for those on disability and shall not coordinate with teacher retirement disability. The Plan shall also contain a Social Security Freeze, a successive disability benefit, and a recurrent disability clause. The Plan shall contain a five-year “Own occupation”, - definition of “Total disability” meaning that during the first 5 years, the employee is unable to perform the substantial duties of his/her regular occupation. The 5 year requirement begins from the date the waiting period is satisfied. The following elimination period shall be for ninety (90) days. The Plan shall include the following riders, Rehabilitation Benefit, Survivor Benefit and an Extended Drug and Alcohol Benefit.
Long Term Disability Policy. The Board shall provide long-term disability coverage as follows: A ninety (90) day waiting period, 60% of salary, with a maximum benefit of $4,500 per month. All benefits will be paid according to the terms of the insurance contract in force at the time of the claim.
Long Term Disability Policy. The Company shall purchase a long-term disability insurance policy for the benefit of the Executive for the amount of the Executive's Base Salary then in effect.
Long Term Disability Policy. Effective as of the date of MOU ratification by the Board of Supervisors, County will pay for a long-term disability insurance plan for peace officers in an amount not to exceed one percent (1%) of base salary per year. Plan benefits will be based on the example plan submitted by ACSOA (California Law Enforcement Union’s Individual Salary Protection Plan, dated 03/94). The Officers will identify the Plan and the County shall pay the insurance. Upon ratification and adoption of this MOU, the County shall take the steps necessary to remove Association members from the State Disability Insurance program. This action is being taken at the request of the Association due to the availability of the long term disability plan
Long Term Disability Policy. The Company shall pay ninety percent (90%) of the annual cost of the Executive's current personal long-term disability insurance policy.
Long Term Disability Policy. The Company shall pay the $9,000 annual cost of the Executive's current personal long-term disability insurance policy with and the Executive shall reimburse the Company for $1,000 of such amount, or shall reimburse the Company based upon the same ratio in the event of a change in the annual premium. Reimbursement of amounts due from the Executive to the Company pursuant to this Section 5(f) may be made through automatic withholding of salary amounts otherwise payable to the Executive pursuant to this Agreement.
