LONG TERM DIASABILITY Clause Samples
LONG TERM DIASABILITY. Each teacher shall have a long term disability policy in the amount of 66 2/3% (90% after five years) of the "teacher's salary" as that term is defined by the insurance policy, and with benefits not coordinated with teacher retirement fund benefits. The Association and the Board will mutually determine the carrier of the insurance and the terms of the insurance coverage. The teacher shall pay the premium by a monthly payroll deduction.
LONG TERM DIASABILITY. Each teacher shall have a long term disability policy in the amount of 66 2/3% (90% after five years) of the "teacher's salary" as that term is defined by the insurance policy, and with benefits not coordinated with teacher retirement fund benefits. The Association and the Board will mutually determine the carrier of the insurance and the terms of the insurance coverage. The teacher shall pay the premium by a monthly payroll deduction. GROUP VISION INSURANCE. Beginning in January of 2003 the Board shall provide a group vision insurance plan to all eligible teachers. The Board will contribute $11.23 per month toward the cost of the single plan. The teacher contribution of the single plan is $0.24 (twenty-four cents) annually and will be payroll deducted from the first paycheck in January and is non-refundable. The Board shall pay $20.60 per month toward the cost of the family plan. All eligible teachers shall participate in the plan. The benefits level of the plan shall be those benefits agreed to for the 2002-2003 master contract. The Board shall assume the additional cost of any premium rate increase through the end of the 2020-2021 contract year.