Common use of Long Term Disability (LTD) Plan Clause in Contracts

Long Term Disability (LTD) Plan. The City will provide a long-term disability policy for all full-time employees covered by this agreement, issued by a company of the City’s sole and unrestricted choice. Such policy shall provide for payment of 70% of the employee’s base salary for a non-duty related injury or illness and in accordance with the provisions provided for in the LTD policy. Payment will be made following a sixty (60) calendar day benefit waiting period that begins on the first day of the disability. Employees are required to use their own sick time or any other paid time provision they have available to satisfy the sixty (60) calendar day benefit waiting period. Current employees will receive the LTD benefit effective, February 1, 2020. New hires will receive the LTD benefit within 90-days from date of hire and in conjunction with the effective date of their healthcare benefits. Plan Highlights: • Benefit: 70% of base wage • Benefit waiting period: 60 calendar days • Maximum monthly benefit: $6,000 • Own Occupation Period: The first 24 months LTD benefits are paid • Any Occupation Period: From the end of the Own Occupation period to age 65 See Long Term Disability (LTD) Policy for additional information.

Long Term Disability (LTD) Plan. The City will provide a long-term disability policy for all full-time employees covered by this agreement, issued by a company of the City’s sole and unrestricted choice. Such policy shall provide for payment of 70% of the employee’s base salary for a non-duty related injury or illness and in accordance with the provisions provided for in the LTD policy. Payment will be made following a sixty (60) calendar day benefit waiting period that begins on the first day of the disability. Employees are required to use their own sick time or any other paid time provision they have available to satisfy the sixty (60) calendar day benefit waiting period. Current employees will receive the LTD benefit effective, February 1, 2020. New hires will receive the LTD benefit within 90-days from date of hire and in conjunction with the effective date of their healthcare benefits. Plan HighlightsHi-lights: • Benefit: 70% of base wage • Benefit waiting period: 60 calendar days • Maximum monthly benefit: $6,000 • Own Occupation Period: The first 24 months LTD benefits are paid • Any Occupation Period: From the end of the Own Occupation period to age 65 See Long Term Disability (LTD) Policy for additional information.