Common use of AMOUNTS OF BENEFITS Clause in Contracts

AMOUNTS OF BENEFITS. All employees who are actively at work on the effective date of the Plan or any amendments thereto shall be provided with a Long Term Disability Benefit equal to fifty percent (50%) of regular straight time (Schedule “A”) hourly rate multiplied by 2080 and divided by twelve (12) up to a maximum monthly payment of $3,500. The amount of benefits shall be reduced by any primary payments made under any Government disability plan, Workers Compensation, or any other non-private disability income plans such that disability benefits from all sources shall not exceed eighty-five percent (85%) of an employee’s regular straight time (Schedule “A”) hourly rate. The amount of LTD benefit shall be increased throughout the year in correlation with increases in the Consumer Price Index as outlined in the plan documents. The amount of benefit shall not be reduced by Disability Pension payments under War Veterans or Workers Compensation if the disability is unrelated. Employees should refer to the plan booklet for exclusions and other details

AMOUNTS OF BENEFITS. All employees who are actively at work on the effective date of the Plan or any amendments thereto shall be provided with a Long Term Disability Benefit equal to fifty percent (50%) of regular straight time (Schedule “A”) hourly rate multiplied by 2080 and divided by twelve (12) up to a maximum monthly payment of $3,500. The amount of benefits shall be reduced by any primary payments made under any Government disability plan, Workers Compensation, or any other non-private disability income plans such that disability benefits from all sources shall not exceed eighty-five percent (85%) of an employee’s regular straight time (Schedule “A”) hourly rate. The amount of LTD benefit shall be increased throughout the year in correlation with increases in the Consumer Price Index as outlined in the plan documents. The amount of benefit shall not be reduced by Disability Pension payments under War Veterans or Workers Compensation if the disability is unrelated. Employees should refer to the plan booklet for exclusions and other details