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.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Long-term Disability Insurance (LTD). A. The District will shall 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 shall 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 he/she 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 Additional supplemental voluntary long-term disability insurance coverage will shall 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 shall 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 shall 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 shall 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 his/her 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.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
