LTD Plan Clause Samples

LTD Plan. The Company will provide at no cost to Employees a long term disability plan which will take effect when an Employee has exhausted his coverage under the weekly indemnity insurance plan. A copy of the master policy will be made available to the Union. Benefits are paid from the point at which weekly indemnity benefits cease, should the same non- occupational accident or illness continue. Monthly benefit level will be 60% of the regular hourly rate at the date when indemnity payments commenced, calculated as follows: • hourly rate x 2080 divided by 12 to a maximum of $2,500) Employees eligible for disability payments from government programs, which may reduce the level of L.T.D. coverage, must apply for these benefits.

LTD Plan. 7.03.1 The Board shall maintain and make available to teachers, a Long Term Disability Plan of insurance (the LTD Plan). The LTD Plan will pay qualifying teachers a maximum amount equivalent to sixty percent (60%) of their salary plus their Teachers' Pension Plan Contribution. 7.03.2 Teachers will pay one hundred percent (100%) of the premiums for the LTD Plan. The Teachers reserve the right to change the LTD benefit carrier with sixty (60) days notice to the Board and to alter the terms of the plan where deemed necessary by the Teachers. 7.03.3 The Plan shall be compulsory for all new teachers employed by the Board effective September 1, 1998, and for all teachers who are currently enrolled in the LTD plan. 7.03.4 Teachers on long term disability will continue to receive their benefits as long as they remain on the Long Term Disability.

LTD Plan. An individual who is Totally Disabled under the LTD Plan (as defined therein) on the Distribution Date and who would become a Corn Employee if he or she was in active employment on the Coverage Date (as mutually agreed by CPC and Corn) shall continue to receive benefits under the LTD Plan after the Distribution Date for so long as such individual remains Totally Disabled. At such time as such individual is no longer Totally Disabled, such individual shall not be eligible to become a CPC Employee, CPC shall have no further liability to him or her, and, consistent with the requirements of applicable law, Corn shall determine whether such individual shall become a Corn Employee.

LTD Plan. The Company shall pay the monthly premium rate of the LTD plan which shall be administered in accordance with the terms of the insurance policy up to the rates for the duration of this collective agreement.

LTD Plan. The Employer agrees to the continuation of the LTD Plan on the following basis:

LTD Plan. The Board shall arrange for a Long Term Disability Plan but does not assume any liability for the plan and will not contribute to the premium. It is agreed and understood that no grievance relating to LTD benefits or benefits entitlement shall be arbitrable. It is understood that the Plan is controlled solely by the Plan participants. The Plan shall contain the following components: (a) Elimination period - sixty (60) continuous working days (b) Monthly indemnity - sixty percent (60%) of basic earning, all source maximum of eighty-five percent (85%) of earnings to a maximum benefit of twenty-five hundred dollars ($2,500.00) plus required registered pension plan contributions (c) LTD Benefits cease at age sixty-five (65) (d) Total disability definition (e) Two (2) years own occupation, then any occupation

LTD Plan. Enrolment in the Ontario Teachers Insurance Plan (O.T.I.P.) Long Term Disability Plan 'C' is compulsory for each teacher. The Board agrees to make the required deductions to permit each eligible teacher's enrolment in the Long Term Disability Plan provided through O.T.I.P. Plan 'C'. The cost of enrolment in the plan will be borne by the teachers.

LTD Plan. ‌ Long-Term Disability Benefits: To be eligible for long-term disability (LTD) benefits, employees must work 30 or more regularly scheduled hours per week. All eligible employees are required to participate in the long-term disability (LTD) program. Long-term disability (LTD) premiums will be paid by the employee.

LTD Plan. Effective the first of the month following ratification of this agreement, contributions from the Employer and the Employee to the Plan will be reduced from $1.20 per Employee per hour worked (60 cents per hour from the Employee and 60 cents per hour from the Employer) to 76 cents per Employee per hour worked (38 cents per hour from the Employee and 38 cents per hour from the Employer). The Plan Actuary will update the Board of Trustees on the estimated financial position of the Plan as a standing agenda item every Board meeting. Effective the first of the month following the Board meeting where the Plan Actuary estimates the Plan is at or below a 120% funded ratio, the contributions to the Plan will be adjusted to a level so as to maintain the 120% funded ratio position (using the same methodology as used to determine the 172% as of September 30, 2017 valuation). The maximum total contribution rate will be a total of $1.20, split 50/50 between Employer and Employee.