Long Term Disability Benefit. Long Term Disability (LTD) benefits become payable only after you have received weekly indemnity benefits for the maximum period, or when you have received Worker’s Compensation payments for a continuous period of twenty-six (26) weeks. (a) your weekly earnings rate is 40 x $30.50 = $1,220.00 (b) your weekly LTD benefit in the 78th week is 66% of $1,220.00 = $4,813.25 (c) thereafter your monthly LTD benefit is 4% x $813.25 = $3,521.37 Your LTD benefit payments will be reduced by any disability payments you are eligible to receive from Worker’s Compensation, the Canada Pension Plan, or other government source. In order to qualify for LTD benefits you must be under the continuing care of a licensed physician, and during the first seventy-eight (78) weeks of LTD benefits, be unable to perform a regular job available in the bargaining unit; thereafter you must be unable to engage in any gainful occupation for any employer for which you are reasonably qualified by training, education or experience. If you are again disabled due to the same or related cause, your absence will be treated as a continuation of disability under the LTD benefit unless you have been back at work for at least six (6) months. Payment of benefits will require submission of such appropriate medical evidence as may be requested by the insurer from time to time. You will be entitled to benefits during the continuation of disability as defined above except that in no event will benefits be paid beyond your normal retirement date. If you should elect to retire early, LTD benefits will cease as of your date of early retirement. No benefits will be payable for absences due to disabilities caused by self-inflicted injuries while sane or insane, insurrection, war, service in the armed forces of any country, or participation in a riot, or during disabilities resulting from working for another employer. If you engage in rehabilitative employment, your LTD benefit will continue for up to twenty-four (24) months but will be reduced by 75% of what you earn from rehabilitative employment. For example, if you are receiving a monthly LTD benefit of Monthly LTD benefit $3,521.37 Subtract 75% of $1,500 1,125.00 LTD benefit during rehabilitation $2,396.37 Earnings from rehabilitative employment 1,500.00 Monthly income during rehabilitation $3,896.37 While you are in receipt of LTD benefits you will continue to be covered for all other group insurance benefits. Please refer to the Labatt Retirement Plan section of this booklet for a description of the pension credits which will accrue to you while you are disabled. Your LTD insurance will be cancelled as of the date you retire or terminate service with the Company.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Long Term Disability Benefit. Long Term Disability term disability (LTD) benefits become payable only after you have received weekly indemnity benefits for the maximum period, or when you have received Worker’s Workers’ Compensation payments for a continuous period of twenty26 weeks. During the first 78 weeks of LTD benefits, your benefits will be payable weekly at 66-six (26) 2/3% of your basic weekly earnings rate in effect during that period. At the end of the first 78 weeks.
(a) , your LTD benefit will be fixed at 66-2/3% of your basic weekly earnings rate in effect in the 78th week of the LTD benefit period and thereafter, your LTD benefit will be payable in an equivalent monthly amount at the end of each month. For example, if your earnings rate in the 78th week of LTD benefits is $22.00 per hour: your weekly earnings rate is 40 x $30.50 22.00 = $1,220.00
(b) $ 880.00 your weekly LTD benefit in the 78th week is 66-2/3% of $1,220.00 880.00 = $4,813.25 (c) 582.82 thereafter your monthly LTD benefit is 4% -1/3 x $813.25 582.82 = $3,521.37 2,407.04 Your LTD benefit payments will be reduced by any statutory disability payments you are eligible to receive from Worker’s CompensationWorkplace Health, Safety & Compensation Commission, the Canada Pension Plan, or other government source. In order to qualify for LTD benefits you must be under the continuing care of a licensed physicianphysician and, and during the first seventy-eight (78) 78 weeks of LTD benefits, be unable to perform a regular job available in the bargaining unit; thereafter you must be unable to engage in any gainful occupation for any employer for which you are reasonably qualified by training, education or experience. If you are again disabled due to the same or a related cause, your absence will be treated as a continuation of disability under the LTD benefit unless you have been back at work for at least six (6) months. Payment of benefits will require submission of such appropriate medical evidence as may be requested by the insurer from time to time. You will be entitled to benefits during the continuation of disability as defined above except that in no event will benefits be paid beyond your normal retirement date. If you should elect to retire early, LTD benefits will cease as of your date of early retirement. No benefits will be payable for absences absence due to disabilities caused by self-inflicted injuries while sane sane, or insane, insurrection, war, service in the armed forces of any country, country or participation in a riot, or during disabilities resulting from working for another employer. If you engage in rehabilitative employment, your LTD benefit will continue for up to twenty-four (24) 24 months but will be reduced by 75% of what you earn from rehabilitative employment. For example, if you are receiving a monthly LTD benefit of Monthly $2,407.04 and you earn $1,500 in rehabilitative employment (a) monthly LTD benefit $3,521.37 Subtract 2,407.04 (b) subtract 75% of $1,500 1,125.00 LTD benefit during rehabilitation $2,396.37 Earnings from rehabilitative employment 1,500.00 Monthly income during rehabilitation $3,896.37 While you are in receipt of LTD benefits you will continue to be covered for all other group insurance benefits. Please refer to the Labatt Retirement Plan section of this booklet for a description of the pension credits which will accrue to you while you are disabled. Your LTD insurance will be cancelled as of the date you retire or terminate service with the Company.1,125.00
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Long Term Disability Benefit. Long Term Disability (LTD) benefits become payable only after you have received weekly indemnity benefits for the maximum period, or when you have received Worker’s 's Compensation payments for a continuous period of twenty-six (26) weeks.
(a) your weekly earnings rate is 40 x $30.50 = $1,220.00
(b) your weekly LTD benefit in the 78th week is 66% 66⅔% of $1,220.00 = $4,813.25 813.33 (c) thereafter your monthly LTD benefit is 4% 4⅓ x $813.25 = $3,521.37 3,524.43 $813.33 Your LTD benefit payments will be reduced by any disability payments you are eligible to receive from Worker’s 's Compensation, the Canada Pension Plan, or other government source. In order to qualify for LTD benefits you must be under the continuing care of a licensed physician, and during the first seventy-eight (78) weeks of LTD benefits, be unable to perform a regular job available in the bargaining unit; thereafter you must be unable to engage in any gainful occupation for any employer for which you are reasonably qualified by training, education or experience. If you are again disabled due to the same or related cause, your absence will be treated as a continuation of disability under the LTD benefit unless you have been back at work for at least six (6) months. Payment of benefits will require submission of such appropriate medical evidence as may be requested by the insurer from time to time. You will be entitled to benefits during the continuation of disability as defined above except that in no event will benefits be paid beyond your normal retirement date. If you should elect to retire early, LTD benefits will cease as of your date of early retirement. No benefits will be payable for absences due to disabilities caused by self-inflicted injuries while sane or insane, insurrection, war, service in the armed forces of any country, or participation in a riot, or during disabilities resulting from working for another employer. If you engage in rehabilitative employment, your LTD benefit will continue for up to twenty-four (24) months but will be reduced by 75% of what you earn from rehabilitative employment. For example, if you are receiving a monthly LTD benefit of $3,000.00 and you earn $1,500 in rehabilitative employment: Monthly LTD benefit $3,521.37 3,000.00 Subtract 75% of $1,500 1,125.00 LTD benefit during rehabilitation $2,396.37 1,875.00 Earnings from rehabilitative employment 1,500.00 Monthly income during rehabilitation $3,896.37 3,375.00 While you are in receipt of LTD benefits you will continue to be covered for all other group insurance benefits. Please refer to the Labatt Retirement Plan section of this booklet for a description of the pension credits which will accrue to you while you are disabled. Your LTD insurance will be cancelled as of the date you retire or terminate service with the Company.
Appears in 1 contract
Samples: Collective Agreement
Long Term Disability Benefit. Long Term Disability (LTD) benefits become payable only after you have received weekly indemnity benefits for the maximum period, or when you have received Worker’s 's Compensation payments for a continuous period of twenty-six (26) weeks.
(a) your weekly earnings rate is 40 x $30.50 23.15 = $1,220.00926.00
(b) your weekly LTD benefit in the 78th week is 66% 66-⅔% of $1,220.00 926.00 = $4,813.25 617.34 (c) thereafter your monthly LTD benefit is 4% 4-⅓% x $813.25 617.34 = $3,521.37 2,675.14 Your LTD benefit payments will be reduced by any disability payments you are eligible to receive from Worker’s 's Compensation, the Canada Pension Plan, or other government source. In order to qualify for LTD benefits you must be under the continuing care of a licensed physician, and during the first seventy-eight (78) weeks of LTD benefits, be unable to perform a regular job available in the bargaining unit; thereafter you must be unable to engage in any gainful occupation for any employer for which you are reasonably qualified by training, education or experience. If you are again disabled due to the same or related cause, your absence will be treated as a continuation of disability under the LTD benefit unless you have been back at work for at least six (6) months. Payment of benefits will require submission of such appropriate medical evidence as may be requested by the insurer from time to time. You will be entitled to benefits during the continuation of disability as defined above except that in no event will benefits be paid beyond your normal retirement date. If you should elect to retire early, LTD benefits will cease as of your date of early retirement. No benefits will be payable for absences due to disabilities caused by self-inflicted injuries while sane or insane, insurrection, war, service in the armed forces of any country, or participation in a riot, or during disabilities resulting from working for another employer. If you engage in rehabilitative employment, your LTD benefit will continue for up to twenty-four (24) months but will be reduced by 75% of what you earn from rehabilitative employment. For example, if you are receiving a monthly LTD benefit of $2,675.14 and you earn $1,500 in rehabilitative employment: Monthly LTD benefit $3,521.37 2,675.14 Subtract 75% of $1,500 1,125.00 LTD benefit during rehabilitation $2,396.37 1,550.14 Earnings from rehabilitative employment 1,500.00 Monthly income during rehabilitation $3,896.37 3,050.14 While you are in receipt of LTD benefits you will continue to be covered for all other group insurance benefits. Please refer to the Labatt Retirement Plan section of this booklet for a description of the pension credits which will accrue to you while you are disabled. Your LTD insurance will be cancelled as of the date you retire or terminate service with the Company.
Appears in 1 contract
Samples: Collective Agreement
Long Term Disability Benefit. Long Term Disability (LTD) benefits become payable only after you have received weekly indemnity Weekly Indemnity benefits for the maximum period, or when you have received Worker’s 's Compensation payments for a continuous period of twenty-six (26) 26 weeks.. Your LTD benefit will be payable at the end of each month at 66 2/3% of your basic monthly earnings rate as of the date your LTD benefit commences. For example, if your hourly earnings rate in the 26th week after you become disabled is $26.45 per hour:
(a) your weekly Your Weekly earnings rate is 40 x X $30.50 26.45 = $1,220.001,058.00
(b) your weekly Equivalent monthly earnings rate is ($1,058 X 52 weeks) divided by 12 = $4,584.66
(c) Monthly LTD benefit in the 78th week is 6666 2/3% of $1,220.00 4,584.66 = $4,813.25 (c) thereafter your monthly LTD benefit is 4% x $813.25 = $3,521.37 3,056.13 Your LTD benefit payments will be reduced by any disability payments you are eligible to receive from Worker’s 's Compensation, the Canada Pension Plan, or other government source. In order to qualify for LTD benefits benefits, you must be under the continuing care of a licensed physician, and during the first seventy-eight (78) weeks 2 years of LTD benefits, be unable to perform a regular the duties of your normal occupation or any other job available in the bargaining unit; thereafter you must be unable to engage in any gainful occupation for any employer for which you are reasonably qualified by training, education or experience. If you are again disabled due to the same or a related cause, your absence will be treated as a continuation of disability under the LTD benefit unless you have been back at work for at least six (6) months. Payment of benefits will require submission of such appropriate medical evidence as may be requested by the insurer from time to time. You will be entitled to benefits during the continuation of disability as defined above except that in no event will benefits be paid beyond your normal retirement date. If you should elect to retire early, LTD benefits will cease as of your date of early retirement. No benefits will be payable for absences due to disabilities caused by self-inflicted injuries while sane or insane, insurrection, war, service in the armed forces of any country, or participation in a riot, or during disabilities resulting from working for another employer. If you engage in rehabilitative employment, your LTD benefit benefits will continue for up to twenty-four (24) 24 months but will be reduced by 75% of what you earn from rehabilitative employment. For example, if you are receiving a monthly LTD benefit of $3,056.13 and you earn $800 in rehabilitative employment: Monthly LTD benefit Benefit $3,521.37 3,056.13 Subtract 75% of $1,500 1,125.00 800 600.00 LTD benefit during rehabilitation $2,396.37 2456.13 Earnings from rehabilitative employment 1,500.00 800.00 Monthly income during rehabilitation $3,896.37 While 3,256.13 Provided your employment with the Company has not been terminated, while you are in receipt of LTD benefits you will continue to be covered for all other group insurance benefits. Please refer to the Labatt Retirement Plan section of this booklet for a description of the pension credits which will accrue to you while you are disabled. Your LTD insurance will be cancelled as of the date you retire or terminate service with the Companycompany.
Appears in 1 contract
Samples: Collective Labour Agreement
Long Term Disability Benefit. Long Term Disability term disability (LTD) benefits become payable only after you have received weekly indemnity benefits for the maximum period, or when you have received Worker’s Compensation WSIB payments for a continuous period of twenty26 weeks. During the first 78 weeks of LTD benefits, your benefit will be payable weekly at 66-six (26) 2/3% of your basic weekly earnings rate in effect during that period. At the end of the first 78 weeks., your LTD benefit will be fixed at 66-2/3% of your basic weekly earnings rate in effect in the 78th week of the LTD benefit period and thereafter your LTD benefit will be payable in an equivalent monthly amount at the end of each month. For example, if your earnings rate in the 78th week is $35.44 per hour:
(a) a. your weekly earnings rate is 40 x $30.50 35.44 = $1,220.001,417.60
(b) b. your weekly LTD benefit in the 78th week is 66-2/3% of $1,220.00 1,082.80 = $4,813.25 (c) 945.11
c. thereafter your monthly LTD benefit is 4% -1/3 x $813.25 721.79 = $3,521.37 4092.33 Your LTD benefit payments will be reduced by any disability payments you are eligible to receive from Worker’s Compensationthe WSIB, the Canada Pension Plan, or other government source. In order to qualify for LTD benefits you must be under the continuing care of a licensed physician, and during the first seventy-eight (78) 78 weeks of LTD benefits, be unable to perform a regular job available in the bargaining unit; thereafter you must be unable to engage in any gainful occupation for any employer for which you are reasonably qualified by training, education or experience. If you are again disabled due to the same or related cause, your absence will be treated as a continuation of disability under the LTD benefit unless you have been back at work for at least six (6) months. Payment of benefits will require submission of such appropriate medical evidence as may be requested by the insurer from time to time. You will be entitled to benefits during the continuation of disability as defined above except that in no event will benefits be paid beyond your normal retirement date. If you should elect to retire early, LTD benefits will cease as of your date of early retirement. No benefits will be payable for absences due to disabilities caused by self-inflicted injuries while sane or insane, insurrection, war, service in the armed forces of any country, or participation in a riot, or during disabilities resulting from working for another employer. If you engage in rehabilitative employment, your LTD benefit will continue for up to twenty-four (24) 24 months but will be reduced by 75% of what you earn from rehabilitative employment. For example, if you are receiving a monthly LTD benefit of $4092.33 and you earn $1,500 in rehabilitative employment: Monthly LTD benefit $3,521.37 4092.33 Subtract 75% of $1,500 $1,125.00 LTD benefit during rehabilitation $2,396.37 2967.33 Earnings from rehabilitative employment $1,500.00 Monthly income during rehabilitation $3,896.37 While 4467.33 Provided your employment with the Company has not been terminated, while you are in receipt of LTD benefits you will continue to be covered for all other group insurance benefits. Please refer to the Labatt Retirement Plan section of this booklet for a description of the pension credits which will accrue to you while you are disabled. Your LTD insurance will be cancelled as of the date you retire or terminate service with the Company.
Appears in 1 contract
Samples: Collective Agreement