Long Term Disability Income Plan. CPP Primary Offset) The Board will make available to “full-time” and “part-time” Teachers a Long Term Disability Insurance Plan (terminating when the teacher qualifies for a 62% unreduced service pension or until the end of the month following age 65, whichever first occurs). Benefits under the LTD Plan will provide 60% of income to a $7,500 monthly maximum after 60 working days or the later expiration of sick leave at the member’s option, a cost of living allowance with a yearly maximum of 2% starting the January 1st after 24 months. The required pension contribution is waived during the period of disability by the Ontario Teachers’ Pension Plan board (T.P.P.B.) as legislated on September 1, 2001. The following conditions apply:
Appears in 1 contract
Samples: 2012 Agreement
Long Term Disability Income Plan. CPP Primary Offset) The Board will make available to “full-time” and “part-part- time” Teachers a Long Term Disability Insurance Plan (terminating when the teacher qualifies for a 62% unreduced service pension or until the end of the month following age 65, whichever first occurs). Benefits under the LTD Plan will provide a 60% of income to a $7,500 4,500.00 monthly maximum after 60 working days or the later expiration of sick leave at the member’s option, a cost of living allowance with a yearly maximum of 2% starting the January 1st after 24 months. The required 8.9% pension contribution is waived during the period of disability by the Ontario Teachers’ Pension Plan board (T.P.P.B.) as legislated on September 1, 2001. The following conditions apply:
Appears in 1 contract
Samples: 2004 2008 Agreement
Long Term Disability Income Plan. (CPP Primary Offset) The Board will make available to “full-time” and “part-part- time” Teachers a Long Term Disability Insurance Plan (terminating when the teacher qualifies for a 62% unreduced service pension or until the end of the month following age 65, whichever first occurs). Benefits under the LTD Plan will provide a 60% of income to a $7,500 4,500.00 monthly maximum after 60 working days or the later expiration of sick leave at the member’s option, a cost of living allowance with a yearly maximum of 2% starting the January 1st after 24 months. The required 8.9% pension contribution is waived during the period of disability by the Ontario Teachers’ Pension Plan board (T.P.P.B.) as legislated on September 1, 2001. The following conditions apply:
Appears in 1 contract
Samples: Collective Agreement
Long Term Disability Income Plan. (CPP Primary Offset) The Board will make available to “full-time” and “part-time” Teachers a Long Term Disability Insurance Plan (terminating when the teacher qualifies for a 62% unreduced service pension or until the end of the month following age 65, whichever first occurs). Benefits under the LTD Plan will provide 60% of income to a $7,500 7,500.00 monthly maximum after 60 working days or the later expiration of sick leave at the member’s option, a cost of living allowance with a yearly maximum of 2% starting the January 1st after 24 months. The required pension contribution is waived during the period of disability by the Ontario Teachers’ Pension Plan board (T.P.P.B.) as legislated on September 1, 2001. The following conditions apply:
Appears in 1 contract
Samples: Collective Agreement