Long Term Salary Indemnity. Long-Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit: 70% of salary to a maximum of $3,792. Duration of benefit: until retirement or as otherwise provided. Benefit effective: upon expiration of Short-Term Salary Indemnity coverage. Eligibility: Regular faculty employed one-half (1/2) time or more: Coverage commences on the first day of the month coincident with or following date of appointment as regular. Temporary faculty employed one-half (1/2) time or more: Coverage commences on the first day of the month coincident with or following one year of continuous service at half-time or more. The premium cost of Long-Term Salary Indemnity coverage shall be borne entirely by the faculty member and shall be paid by means of payroll deductions.
Appears in 9 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Long Term Salary Indemnity. Long-Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit: 70% of salary to a maximum of $3,7924,191. Duration of benefit: until retirement or as otherwise provided. Benefit effective: upon expiration of Short-Term Salary Indemnity coverage. Eligibility: Regular faculty employed one-half (1/2) time or more: Coverage commences on the first day of the month coincident with or following date of appointment as regular. Temporary faculty employed one-half (1/2) time or more: Coverage commences on the first day of the month coincident with or following one year of continuous service at half-time or more. The premium cost of Long-Term Salary Indemnity coverage shall be borne entirely by the faculty member and shall be paid by means of payroll deductions.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
