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
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement