Xxxx Term Disability Insurance. The Board shall provide Long Term Disability Insurance. LTD premiums are a taxable income to the teachers; benefits received are non-taxable according to the Internal Revenue Code. The policy shall include a maximum benefit of 66 2/3 percent of salary to age sixty-five after a 90 day waiting period and a cost-of-living adjustment.
Xxxx Term Disability Insurance. The Employer agrees to offer group long term disability insurance for bargaining unit employees at employee cost.
Xxxx Term Disability Insurance. After an employee has been totally disabled for a continuous period of ninety (90) days or the expiration of accumulated sick leave whichever comes later, the plan pays a monthly benefit of two-thirds (2/3) of basic monthly earnings to a maximum benefit of $5,000 per month. The benefit duration is as set forth in the long-term disability insurance policy. If the School District changes the long term disability insurance carrier or plan, the new carrier or plan shall have the same or better benefits. Each member of the bargaining unit shall be provided a copy of the long term disability policy.
Xxxx Term Disability Insurance. The Employer shall provide long-term disability insurance for all full-time employees and pay one-hundred percent (100%) of all premiums (employer and employee share) for long-term disability insurance.
Xxxx Term Disability Insurance. The school employer shall pay up to the amount specified below toward the costs of a long-term disability insurance plan per full-time teacher employed under regular or temporary contract and enrolled in the school corporation's group plan, with the teacher paying not less than one dollar ($1.00). ∙ up to $280.00 in 2022-20232021-2022 The insurance company will be selected by the school employer. The school employer and the Association will mutually agree upon the coverage provided.
Xxxx Term Disability Insurance. The Board of Education will pay 100% of the premium for a long term disability insurance program. The plan shall be the same as in the district administrator’s contract in effect for the duration of this contract.
Xxxx Term Disability Insurance. An eligible employee may purchase Long Term Disability Insurance which will provide for 65% of income replacement if the employee becomes totally disabled. The benefits are payable after a four (4) month waiting period. The plan includes a twelve (12) month pre-existing condition limitation, a twelve (12) month limit on mental/nervous and/or substance abuse disabilities, a twelve (12) month change of occupation limitation and no pension contribution. The University will contribute 50% of the cost of the premium with the remainder paid by the employee through after-tax payroll deduction. Employees who waive LTD coverage will not receive any additional credits. The Center is to assure that at no time a general professional exclusion from coverage is enforced against the nurse employees.
Xxxx Term Disability Insurance. The City shall pay for the premium for a long-term disability plan for safety employees as implemented in the Standard Insurance Long Term Disability Plan.
Xxxx Term Disability Insurance. A long-term disability program shall be offered as follows:
Xxxx Term Disability Insurance. This program provides, for each incident of illness or injury, a waiting period of thirty (30) calendar days, during which the employee may use accumulated sick leave, general leave pay, or the employee may elect to be in an unpaid status. Subsequent to the thirty (30) day waiting period, the employee will be covered by an insurance plan paid for by the City, providing 66 2/3 (sixty six and two-third) percent of the first $12,500 (twelve thousand five hundred) of the employee’s basic monthly earnings. The maximum benefit period for disability due to accident or sickness shall be to age sixty five (65). Days and months refer to calendar days and months. Benefits under the plan are integrated with sick leave, Worker’s Compensation, Social Security and other non-private program benefits to which the employee may be entitled. Disability is defined as: “The inability to perform all of the duties of regular occupation during two years, and thereafter the inability to engage in any employment or occupation for which the employee is fitted by reason of education, training or experience.” Rehabilitation benefits are provided in the event the individual, due to disability, must engage in another occupation. Survivor’s benefits continue plan payment for three (3) months beyond death. A copy of the plan is on file in the Human Resources Division. The intent of long term disability is to assist employees who are off work for an extended period of time. While long term disability benefits can be coordinated with accrued leave benefits to achieve one hundred percent (100%) of regular salary, no employee may receive more than their regular salary while receiving disability benefits and paid leave.
