Long Term Income Protection Plan. (a) Effective June 1, 2003, the Employer will pay one hundred percent (100%) of the premium for the Long Term Income Protection Plan.
Long Term Income Protection Plan. (a) The Employer will pay one hundred per cent (100%) of the premium for the Long Term Income Protection Plan. The benefits of this plan shall be sixty-six and two-thirds percent (66-2/3%) of gross annual salary.
Long Term Income Protection Plan. Effective June 1, 2003, the Employer will pay one hundred percent (100%) of the premium for the Long Term Income Protection Plan. Effective June 1, 2003, and annually thereafter, the total monthly payment of LTIP under the Plan shall be increased by up to 2% based on the average annual increase in the Ontario Consumer Price Index (CPI) as published by Statistics Canada each January. The OPPA will have the opportunity to discuss disallowed claims with the Insurance Carrier through a Joint Insurance Benefits Review Committee.
Long Term Income Protection Plan. Where a provision in this outline is in conflict with the Great-West Life Assurance master plan, the Great-West Life Assurance will apply and prevail. The Long Term Income Protection Plan provides income security should an employee become totally disabled prior to age 65 due to a sickness or injury which totally disables over a long period of time. The Plan provides coverage on and off the job. Monthly Benefit The monthly benefit is equal to seventy-five percent (75%) of normal monthly earnings, excluding overtime and other special compensations. This amount, in turn, is reduced by an income payable to the employee as a result of the disability from the following sources:
Long Term Income Protection Plan i) the Employer shall pay eighty-five percent (85%) of the monthly premium and the employee shall pay fifteen percent (15%) through regular payroll deduction.
Long Term Income Protection Plan. The employer will pay one hundred per cent (100%) of the premium for the Long Term Income Protection Plan. The benefits of this plan shall be sixty-six and two-thirds per cent (66-2/3%) of gross annual salary. The employer shall make contributions on behalf of the teacher to the Ontario Teachers Pension Plan for the period a teacher receives or has received benefits under this plan, so that such period shall count as pensionable service. Such contributions shall be based on the salary on which the benefit is calculated. An employee shall have his/her benefits coverage continued while he/she is receiving benefits under the Long Term Income Protection Plan.
Long Term Income Protection Plan. All employees who are members of Local 73, C.U.P.E., are eligible for the Long Term Disability Plan upon completion of their probationary period. The effective date of the Long Term Disability Plan is August 1st, 1981. The employer will be responsible only for the arranging of a contract to provide benefits, but the final terms of the Plan will be found in a Master Contract as their governing document. Scheduled Monthly Benefit- 66.67% of gross income Benefit Maximum- Overall $3,500/month Reduction to Monthly Benefit- Primary CPP/QPP -directly offset Dependent CPP/QPP -no offset Other sources -offset so that benefits from all sources do not exceed 85% of inflation indexed pre-disability income. Own Occupation Period- 24 months Elimination Period- 105 days Maximum Benefit Period- Age 65
Long Term Income Protection Plan. The Employer will maintain and provide an for qualified full time employees who have been “totally disabled” for a period of longer than six (6) months. The will be as provided for all other direct gaming hourly employees of the as may be amended from time to time. Participation for full time employees is mandatory. A full time employee is eligible for coverage on the first day of the month coinciding with or following probation if he or she is a new employee or, alternatively, following two months of continuous service in a full time position. An employee is considered to be “totally disabled” if they are wholly and continuously unable to perform normal work due to an illness or injury during the first thirty (30) months following the date of disability. premiums are percent (85%) paid by the Employer and fifteen percent (15%) by the employee. is an insured plan and it is understood that as with all insured plans the employer does not in any way act as the insurer in respect of these benefits, nor does the Employer bear any responsibility in the event of a dispute between an employee and the insurer. The Employer’s responsibility is fulfilled by arranging the purchase of the benefits as outlined in this agreement. The employee has an obligation to maintain and submit all necessary forms, designations and information required for benefit coverage to go into effect, for coverage to continue, and for benefit recovery. Failure to furnish such evidence may result in loss of benefits for the time period.
Long Term Income Protection Plan. (a) The Employers shall pay one hundred per cent (100%)of the premium of the Plan. Plan Details Long Term Income Protection benefits will become payable if while insured the employee becomes “totally disabled” benefits continue during disability to age sixty-five after an elimination period of six (6) months, or the expiration of accumulated attendance credits, whichever is the later “total disability” under this plan means the continuous inability as the result of illness or injury of the insured employee to perform each and every duty of normal occupation dur- ing the elimination period, and during the first twenty-four (24) months of the benefit period; and thereafter, during the balance of the benefit period, the inability to perform any and every duty of each gainful occupation for which the employee is reasonably fitted by education, training or experience benefits shall be sixty-six and two- thirds percent of the employee’s weekly salary, earned on the last day worked, includ- ing any retroactive salary adjustment to which the employee is entitled the Employers will maintain the employee’s pension contributions while on bene- fits, in accordance with the Public Service Superannuation Act if the employee becomes disabled again while still insured for this benefit, the income bene- fits will be payable on completion of the elimi- nation period however if within three (3) months after benefits have ceased, the employee has a recurrence of a disability due to the same or a related cause, it will not be necessary to satisfy the elimination period again
Long Term Income Protection Plan. The Employer will continue to pay ninety percent (90%) of the premium for the Long Term Income Protection Plan and the employee will pay the remaining ten percent (10%) in respect of each month the employee continues to receive LTIP benefits under the plan. The OPPA will have the opportunity to discuss disallowed claims with the Insurance Carrier through a Joint Insurance Benefits Review Committee.
