Disability Pension Clause Samples
A Disability Pension clause establishes the right of an employee to receive pension benefits if they become unable to work due to a qualifying disability. Typically, this clause outlines the eligibility criteria, such as the definition of disability, required medical documentation, and the process for applying for benefits. It may also specify the amount or calculation method for the pension payments and any waiting periods before benefits commence. The core function of this clause is to provide financial security to employees who are forced to leave work because of a disability, ensuring they have continued income support in such circumstances.
Disability Pension. (a) In the event a Participant, other than a Break in Service Participant, incurs a disability which prevents him from engaging in any gainful employment, then such Participant shall be entitled to apply for retirement and a Disability Pension, provided he has satisfied all of the following requirements.
(1) He has worked at least ten (10) Qualified Years at the time he so became disabled, including Qualified Years earned prior to a lump sum withdrawal of the Participant's employee contributions and interest, unless such Qualified Years are forfeited under Article II, Section 2.
(2) He has accumulated at least ten thousand (10,000) Credited Hours at the time he so became disabled, including Credited Hours earned prior to a lump sum withdrawal of the Participant's employee contributions and interest, unless such Credited Hours are forfeited under Article II, Section 2.
(3) Unless an acceptable certification meeting the requirements set forth in subsection (b)(2) is provided, his total and permanent disability has been of a six (6) months duration, or more, and because of this disability the Participant cannot engage in any gainful employment.
Disability Pension. It has been mutually agreed by the Company and the Union, that disability pension is no longer available through our Pension Plan for any new permanently disabled employees. Members currently collecting will continue to collect disability pension, unless they are no longer considered permanently disabled.
Disability Pension. For employees hired on or after January 1, 2018 who have successfully completed the probationary period, as outlined in Articles 4.01: Employees will receive retiree benefits as outlined in Article 21.10 (a) based on the following criteria:
Disability Pension. Effective March 31,2007, the minimum disability pension shall be increased to $575.00 for ten (10) years of service, $625.00 for fifteen (15) years of service, and $650.00 for twenty (20) years of service.
Disability Pension. During recent collective bargaining negotiations between the Association and the Company, the question arose concerning Article of the Pension Plan Document. The Company indicated that it was its intention to consider each case under Article of the Pension Plan Document on its own merits.
Disability Pension. For all police union employees who retire or have retired as a result of a service-connected disability accepted by MERF, the City shall provide both medical and dental insurance coverage. Said coverage shall be equal to the group health insurance benefit received by the employee when s/he was an active bargaining unit member. Employees who have applied for a disability retirement that has not yet been accepted by MERF shall continue to contribute the same premium cost-share as an active bargaining unit member. Upon acceptance by MERF, the total premium cost-share amount paid after retirement shall be reimbursed to the employee. Upon reaching the age of eligibility, Medicare shall become the primary health insurance coverage for such retired employees, in accordance with the City’s standard practice for all retirees. Employees with a service-connected disability retirement, who are not eligible for Medicare, shall be transferred to the City’s regular retiree health plan upon reaching age 65.
Disability Pension. A Member (excluding any Post-2008 Employee) is entitled to a Disability Pension as of his Disability Retirement Date which is the first day of the calendar month which follows the Member:
(a) being determined to be permanently and totally disabled by bodily injury or disease so as to be prevented thereby from being physically able to perform any gainful employment; and
(b) shall have completed at least five (5) years of Credited Service in the aggregate under this Plan, and with respect for periods prior to October 8, 1991, under the Predecessor Plan. Any Member shall cease to receive a Disability Pension upon the Social Security Administration’s determination that such Member is no longer eligible to receive a disability benefit from such Administration. Each Member who terminates employment with the Company and qualifies for a Disability Pension, shall be entitled to receive an unreduced monthly amount equal to the dollar amount set forth in Section 5.1, multiplied by the Member’s years and fractions of years of Credited Service to the date of his termination as result of such disability.
Disability Pension. Effective April 8, 1992, any employee who is permanently incapacitated and has at least fifteen (15) years of continuous service will be retired on a pension rate of five hundred dollars ($500.00).
Disability Pension. A member, who becomes partially disabled prior to his Normal Retirement Date, has attained the age of 55 and has completed 10 or more years of credited service, by mutual agreement of the member and the Company, may retire from active service of the Company. Such member shall be eligible to receive a Disability Retirement Pension if they, as certified by a medical doctor, are unable to satisfactorily perform his or her work, resulting in:
Disability Pension. 1 Members shall be entitled to a disability pension a) if they are at least 25 percent disabled as defined by the IV, provided they were insured with the Foundation at the onset of the incapacity for work whose cause led to the disability