Common use of Long Term Income Protection Plan Clause in Contracts

Long Term Income Protection Plan. (a) Effective June 1, 2003, the Employer will pay one hundred percent (100%) of the premium for the Long Term Income Protection Plan. (b) Effective June 1, 2003, and annually thereafter, the total monthly payment of LTIP under the Plan shall be increased by up to 2% based on the average annual increase in the Ontario Consumer Price Index (CPI) as published by Statistics Canada each January. The OPPA will have the opportunity to discuss disallowed claims with the Insurance Carrier through a Joint Insurance Benefits Review Committee.

Long Term Income Protection Plan. (a) Effective June 1, 2003, the Employer will pay one hundred percent (100%) of the premium for the Long Term Income Protection Plan. (b) . Effective June 1, 2003, and annually thereafter, the total monthly payment of LTIP under the Plan shall be increased by up to 2% based on the average annual increase in the Ontario Consumer Price Index (CPI) as published by Statistics Canada each January. The OPPA will have the opportunity to discuss disallowed claims with the Insurance Carrier through a Joint Insurance Benefits Review Committee.