Income Protection Plan. The Board shall provide an Income Protection Plan (Long Term Disability Plan) in which each Teacher will participate. The Board shall pay all premiums except for $1.00 per year, which will be paid by the teacher. The remaining cost shall be shared equally by the participants. The plan shall provide an amount equal to sixty-six and two-thirds percent (66 2/3%) of the Teacher's salary. The qualification period shall be ninety (90) calendar days. The LTD policy will reflect language allowing the employee to receive LTD benefits at the end of ninety (90) calendar days, regardless of the number of personal illness days the employee has accumulated. Teachers who are absent due to illness or injury for more than ninety (90) calendar days must apply for LTD coverage until they return to work. Every certified staff member must enroll in this LTD program.
Appears in 3 contracts
Samples: Tentative Agreement, Master Contract, Tentative Agreement
Income Protection Plan. The Board shall provide an Income Protection Plan (Long Term Disability Plan) in which each Teacher will participate. The Board shall pay all premiums except for fifty dollars ($1.00 50.00) per year, which will be paid by year toward the teacherpremium. The remaining cost shall be shared equally by the participants. The plan shall provide an amount equal to sixty-six and two-thirds percent (66 2/3%) of the Teacher's salary. The qualification period shall be ninety (90) calendar days. The LTD policy will reflect language allowing the employee to receive LTD benefits at the end of ninety (90) calendar days, regardless of the number of personal illness days the employee has accumulated. Teachers who are absent due to illness or injury for more than ninety (90) calendar days must apply for LTD coverage until they return to work. Every certified staff member must enroll in this LTD program.
Appears in 2 contracts
