Long Term Disability (LTD) Insurance.
A. The City provides a Long Term Disability Program with a waiting period of sixty (60) calendar days; whereupon an eligible employee shall be entitled to receive sixty percent (60%) of their gross monthly salary until age sixty-seven (67) in accordance with the LTD Plan.
B. After disability benefits have been payble for twenty-four (24) months, an employee is deemed disabled if the injury or sickness makes him/her unable to perform all the material duties of any occupation for which he/she may reasonably become qualified based on education, training or experience.
C. Other details of the City’s LTD plan are described in the plan booklet. The City reserves the right to select any LTD carrier.
D. From time to time, the City will change benefit providers due to administrative, service, economic or other reasons. Due to carrier policies and procedures and Department of Insurance requirements, there can be no guarantee that one policy will exactly mirror the preceding one. The City desires to provide a consistent benefit, and insofar as is possible, benefits and language will be matched.
Long Term Disability (LTD) Insurance. 20.2.1 For all persons covered by this agreement, the district agrees to pay one hundred percent (100%) of the cost of an income protection insurance policy which shall provide sixty-six and two-thirds percent (66-2/3%) of gross earnings, after a ninety (90) calendar day waiting period, less any amounts payable under Worker’s Compensation Insurance and full disability benefits received from Social Security and Retirement Benefits limited by the express terms of an insurance policy in force in the school district. At the discretion of the Administrator, he/she may delay the start of the long term disability benefit to utilize all accumulated leave days in his/her leave bank. The intent of the plan is to assure the employee a source of income from various sources equal to the 66 2/3% benefit. The LTD benefit shall continue until the administrator's return to work, death, or in the event the disabled administrator is 69 or older following the end of the qualifying period, the maximum benefit duration shall be one year. Eligibility for benefits after age 66 may be reduced in accordance with federal rules governing LTD insurance.
20.2.2 It is expressly understood by the Association and by the District that this LTD program is subject to the rules and policies of the underwriter.
20.2.3 The underwriter of this LTD program shall not be a party to this agreement and coverages are hereby limited to the availability of such coverages and rates as provided by the underwriter of this LTD program.
20.2.4 The District shall select the underwriter for LTD.
20.2.5 An employee shall return to work when he is certified by an appointed team of qualified physicians.
Long Term Disability (LTD) Insurance. The Board shall provide a long-term disability insurance benefit according to carrier regulations. The employee shall pay the full premium cost for said plan via payroll deductions. The district will reimburse employees for such deductions on or before the last payroll in June of each school year. Such reimbursement shall be equal to the full amount that was deducted from his/her paycheck.
Long Term Disability (LTD) Insurance. The Board shall continue to maintain the current long term disability group insurance policy for full-time CMM employees, which policy shall provide coverage at 60% of a monthly annualized income subject to offsets in excess of 75% of other income; such coverage to be effective after two months of disability and continuing not to exceed age 65 or as provided by law. Determination of coverage’s and limitations thereto are based on provisions of the group policy and as subject to the general provisions (Section 12.1) of this Article. Benefits shall remain equal to or better than those set forth herein.
Long Term Disability (LTD) Insurance. A. The District 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 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 shall be lost. If the unit member is rehired into a full-time, benefited position at a later date, they shall be eligible to purchase a voluntary long-term disability plan as noted in Option 2. Additional supplemental voluntary long-term disability insurance coverage 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 shall provide, at the unit member’s expense, voluntary long-term disability insurance coverage.
C. To be eligible for long-term disability insurance, a unit member’s regular assignment must be a minimum of thirty (30) hours per week during their assigned work year.
D. Long-term disability insurance coverage shall remain in effect during approved 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 shall result in termination of coverage.
E. Unit members may refer to the plan document for their applicable policy to determine coverage as provided by the carrier.
F. Should an eligible 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 salary with a maximum payout of five thousand dollars ($5,000.00) per month.
Long Term Disability (LTD) Insurance. The employee will pay the full premium costs of a Long-Term Disability plan provided by the District.
Long Term Disability (LTD) Insurance. (i) Based on eligibility, seventy-five percent (75%) of salary to a maximum of $5,000.00 per month, upon completion of eighty-five
Long Term Disability (LTD) Insurance. The School District will pay 100% of the premium for School District-sponsored L.T.D. insurance plan. The benefit provided is 2/3 of the teacher's basic salary, exclusive of extra-curricular, summer school, 6th assignments, or other stipends paid, to a maximum benefit of $5,496 per month in 2021-22 and $5,631 in 2022-. The teacher may elect to pay for this coverage through payroll deduction or may elect to have the School District pay the full premium. If the teacher elects the method of payroll deduction, an amount equal to these premiums will be paid as salary.
Long Term Disability (LTD) Insurance. The Hospital shall continue to provide full-time and part-time employees with regularly scheduled hours of twenty
Long Term Disability (LTD) Insurance. A. The District 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):
2. Option 2 (Unit members hired on or after September 1, 2013):
C. To be eligible for long-term disability insurance, a unit member’s regular assignment must be a minimum of thirty (30) hours per week during their assigned work year.
D. Long-term disability insurance coverage shall remain in effect during approved paid leaves, except as otherwise provided in the respective leave provisions, providing unit members pay, in accordance with insurance carrier requirements, District andunit member premium contributions. Failure to pay required premium shall result in termination of coverage.
E. Unit members may refer to the plan document for their applicable policy to determine coverage as provided by the carrier.
F. Should an eligible 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 salary with a maximum payout of five thousand dollars ($5,000.00) per month. Unit members who have elected and are enrolled in the supplemental voluntary long-term disability insurance coverage, known as buy-up coverage, may receive up to sixty percent (60%) of their monthly salary with a maximum payout of seven thousand dollars ($7,000) per month.
