Long-term Disability Insurance (LTD). Faculty Members may purchase on an after-tax basis either of two (2)
Long-term Disability Insurance (LTD). A. The District will provide long-term disability insurance coverage options for eligible unit members.
B. Eligible unit members have the following long-term disability insurance coverage options depending on their date of hire:
1. Option 1 (Unit members hired on or before August 31, 2013): For eligible unit members hired into full-time benefited positions on or before August 31, 2013, the District will provide, at the District’s expense, long-term disability insurance coverage. If the unit member separates employment from the full-time benefited position, the LTD benefit under this section will be lost. If the unit member is rehired into a full-time benefited position at a later date, they will be eligible to purchase a voluntary long-term disability plan as noted in Option 2. For unit members with a base salary of $100,000 or more, additional supplemental voluntary long-term disability insurance coverage will be available to purchase at the unit member’s expense during open enrollment, per the requirements of the carrier.
2. Option 2 (Unit members hired on or after September 1, 2013): For eligible unit members hired into full-time benefited positions on or after September 1, 2013, the District will provide, at the unit member’s expense, voluntary, long-term disability insurance coverage. Unit members will become eligible for voluntary, long-term disability insurance coverage on the first day of the month following date of hire, upon prior completion of enrollment requirements.
C. Long-term disability insurance coverage will remain in effect during approved unpaid leaves, providing unit members pay, in accordance with insurance carrier requirements, District and unit member premium contributions except as otherwise provided. Failure to pay required premium will result in termination of coverage.
D. Unit members may refer to the plan document for their applicable policy to determine coverage as provided by the carrier.
E. Should an eligible enrolled unit member be deemed disabled and approved for LTD benefits by the insurance carrier, the unit member may receive up to sixty percent (60%) of their current monthly salary with a maximum payout of five thousand dollars ($5,000.00) per month. Unit members who have elected the supplemental voluntary long-term disability insurance coverage, known as the “buy-up” coverage, may receive up to sixty percent (60%) of their current monthly salary with a maximum payout of seven thousand dollars ($7,000) per month.
Long-term Disability Insurance (LTD). Employees are eligible to participate in the City’s LTD Plan. LTD premiums will be paid by the City on behalf of all Marine Safety employees.
Long-term Disability Insurance (LTD). (a) The Employer will contribute for regular full-time employees and regular term employees an amount equal to sixty percent (60%) of the insurance premium towards a Long-Term Disability Insurance Plan (as may be selected by the Employer), subject to the terms and conditions of such Plan, provided that the employee shall pay the remaining forty percent (40%) of such insurance premiums through standard payroll deductions. Any claim for benefits under such insurance plan shall be a matter exclusively between such employee and the insurance carrier in accordance with the terms and conditions of such Plan. Such claim for benefits shall not be the subject of a grievance or grievance arbitration under this agreement.
(b) The Plan will provide coverage for sixty-six and two-thirds percent (66 2/3%) of a nurse’s gross earnings to a maximum of two thousand, five hundred dollars ($2,500.00).
Long-term Disability Insurance (LTD). Faculty Members may purchase on an after-tax basis either of two (2) Long-term Disability Insurance Plans: Option 1 provides a benefit after four (4) months of 65% of base salary, up to a maximum monthly benefit of $4,000. Option 2 provides a benefit after six (6) months of 60% of base salary, up to a maximum monthly benefit of $4,000, and retirement annuity coverage if the Faculty Member becomes totally disabled. Participants in the Expanded “grandfathered” retirement plan receive retirement annuity coverage regardless of the LTD option chosen. Faculty Members whose annual base pay is $80,000 or more will be able to enroll in the same Supplemental Long Term Disability Plan which is available to unrepresented employees. Faculty Members who elect to enroll in the Supplemental LTD Plan will pay the full cost of the supplemental coverage on an after-tax basis.
Long-term Disability Insurance (LTD). 501.0 RCS shall purchase LTD Insurance for all Bargaining Unit Members. This plan shall pay 66 2/3% of the member's daily salary. Qualification will be after 90 calendar days from the onset of the disability. There shall be a coordination of LTD benefits and social security disability benefits so that the member receives 66 2/3% of the member's daily salary during the entire period of the covered disability.
Long-term Disability Insurance (LTD). The Employer will provide for each employee, at no cost to the employee, long term disability insurance (66 2/3% of wages, 60 day wait, $2,500 per month maximum benefit level).
Long-term Disability Insurance (LTD). The City will continue to provide at no cost to the employee Long Term Disability Insurance.
Long-term Disability Insurance (LTD). The District shall provide a long-term disability insurance program and shall pay the premium for each eligible employee. Benefits provided by the long-term disability plan are governed by the terms of the policy. To be eligible for this coverage an employee must work at least six hundred (600) hours per year in a position or positions covered by this Agreement.
Long-term Disability Insurance (LTD). All employees are eligible to enroll in a long- term disability insurance plan. The total premium cost of the LTD plan negotiated between the County and the Union shall not exceed 0.5% of payroll. The premium cost for the LTD plan shall be paid 50% by the employee and 50% by the County, subject to a maximum County contribution of 0.25% of payroll per enrolled employee.
