DISABILITY/SHORT TERM - LONG TERM Sample Clauses
DISABILITY/SHORT TERM - LONG TERM. The Township will provide the employees with short-term and long-term disability benefits in accord with the benefits of the Insurance Policy and Summary Plan Description in the Human Resources Office except as modified by this collective bargaining agreement. The short-term disability waiting period shall be five work days, except when an employee is hospitalized or when the employee is disabled from work due to outpatient surgery. In these instances the benefit shall begin on the first day of disability. The short-term disability benefit is 66 2/3% of base pay for a period of up to twenty-six weeks from time of qualifying event. If the employee is still disabled after twenty-six weeks, he/she shall be eligible for long-term disability benefits. Said benefit shall be 60% of base pay and shall be paid for a period not to exceed the date that the employee would otherwise be able to retire. The rules regarding these benefits are spelled out in the summary plan descriptions for these two plans and subject to the determinations and rules of the insuring companies. An employee must be employed by the Township for ninety
DISABILITY/SHORT TERM - LONG TERM. The parties hereto agree that they have reviewed various short term-long term disability programs and are agreeable to discontinue the method of earning and accumulating sick days as expressed in Article XI as of July 1, 1988 in favor of the short term-long term disability program as outlined herein. Both parties agree that as of July 1, 1988, the Township will provide the Employees with short term-long term disability benefits, the same being explained as that proposal which is open for adoption up to July 1, 1988. The Union understands that for the initial two (2) year period the Township will enter into a contract with an insurance company to provide these short and long term disability benefits. It is agreed that if upon expiration of these policies, if the Township cannot renew or find an equivalent alternative with a different company without an increase in cost in excess of ten (10%) percent of $100.00 per payroll, then the previous one (1) day a month sick leave policy will be reinstated. However, the parties agree that the Union and Management will combine their efforts to find an appropriate replacement policy that does not increase the cost by more than ten (10%) percent of $100.00 per payroll. The sick days that the Employee has accumulated prior to July 1, 1988 shall be hereinafter referred to as "bank sick days". After June 30, 1988, but prior to September 1, 1988, each Employee shall have the right to sell all or any portion of those days in his/her sick bank to the Township for one-half (1/2) of his/her base pay per day, provided that an agreement is executed by the Employee disclaiming any right to have that payment considered for final average compensation purposes. Employees shall be allowed to transfer ten (10) of their "bank sick days" to their "current sick days" as of July 1, 1988. The Employee shall have the option to retain his/her bank sick days to be used as later described. If such days are not used, upon termination, the Employee will receive one-half (1/2) of a day's pay at that time for each day not used pursuant to Article XI.. Commencing July 1, 1988, each Employee will be given four (4) current sick days. Each April 1st thereafter, each Employee will be given five (5) current sick days. Any current sick days in excess of ten (10) current sick days shall be paid in the first pay following the end of the contract year in which said days exceed ten (10) at the rate of one-half (1/2) of base pay for such day. The last day of t...