Income Protection Insurance. The Employer shall provide Income Protection Insurance through an ETU nominated policy and scheme. It is agreed that the premium will be collected and administered by the “Protect” Severance Scheme at the same time as severance payments are made. Income protection will be paid for the employees and will be paid for all periods of authorised absence and cannot be on a pro-rata basis. It is agreed the Income Protection Insurance payments are paid on a monthly basis by the 14th day of each month. It is agreed that if the Employer has not made a valid or current insurance payment to “Protect”, the Employer shall be liable for any loss of earnings or benefits that would have otherwise been given to the employee. The rates of payment and cover shall be as follows: From 1/1/06 to 28/2/07* From 1/3/07 to 31/12/08* From 1/1/09* Tradesperson’s Premium $19.70 per week $20.90 per week $24.00 per week** For Cover $1,100 $1,100 $1,200** Apprentice Premium $12.50 per week $13.50 per week $19.90 per week** For Cover $660 $660 $750** * These rates are inclusive of GST and stamp duty. ** These are the premium rates and levels of cover that shall apply, unless reduced by the agreement of NECA and the ETU. It is the intention of NECA and the ETU to seek a lower premium. The premium rates and level of cover shall not exceed the amounts set out in the final column of the table above. The insurance benefits contained in this Policy will not be reduced during the life of this Agreement.
Income Protection Insurance. 25.2 The employer shall participate in a income protection scheme and shall make relevant contributions on behalf of all employees to provide for the payment of income protection benefits to employees.
Income Protection Insurance. The Company shall provide Income Protection Insurance through an ETU nominated policy and scheme. It is agreed that the premium will be collected and administered by the “Protect” Severance Scheme at the same time as severance payments are made. Income protection will be paid for all employees and will be paid for all periods of authorised absence and cannot be on a pro-rata basis. It is agreed the Income Protection Insurance payments are paid on a monthly basis by the 14th day if each month. It is agreed that if a Company has not made a valid or current insurance payment to “Protect” the Company shall be liable for any loss of earnings or benefits that would have otherwise been given to the employee. The rates of payment shall be $14.50 for tradespersons, $9.00 for apprentices per week for the life of this Agreement. The insurance benefits contained in the policy will not be reduced for the life of this Agreement. It is noted that income is received by the ETU Distress, Mortality and Training Funds (Trust) as a result of this policy. Details are provided by PROTECT on behalf of the ETU. Any income received by the Trust shall not be used to fund industrial matters against the interests of the Company. Income shall only be used in accordance with the Trust Deed. Copies of the audit of the Trust shall be available to the parties on request.
Income Protection Insurance. 29.1 The Employer shall provide Income Protection Insurance through an ETU nominated policy and scheme. It is agreed that the Income Protection Insurance payment will be collected and administered by the “Protect” Severance Scheme at the same time as severance payments are made. The Income Protection Insurance payments will be paid for the Employees and will be paid for all periods of authorised absence and cannot be on a pro- rata basis.
Income Protection Insurance. 41.1 The provisions of Clause 29 of this agreement will also apply to persons on regular daily hire.
Income Protection Insurance. The Employer will contribute up to a maximum of 1.8% (exclusive of GST and Stamp Duty) of their employees’ gross earnings to an income insurance plan. In the event the claims experience requires a review of the insurance plan, the adjustment will be to the plan and not the Employer’s insurance premium. The Income Protection Policy implemented by the Employer shall seek to provide the following, subject to premium cost:
Income Protection Insurance. 19.1 The Company shall pay full wages including normal penalties, loadings and allowances for all time an employee is unable to attend work due to accident, illness or injury.
Income Protection Insurance. It is a term of the Agreement the Company will pay Income Protection Insurance under the Electric Top Up fund (or other agreed fund) from the date of agreement.
Income Protection Insurance. (1) Employees working under this Agreement shall be covered by an Income Protection Insurance scheme provided by the Project which shall deliver the following policy benefits:
Income Protection Insurance. The school employer will provide an income protection plan of its choosing for each "regularly employed" teacher who is enrolled in the school corporation's group income protection plan. The policy is based on the calendar year.
