Long Term Salary Indemnity. Long-Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit: 70% of salary to a maximum of $3,792. Duration of benefit: until retirement or as otherwise provided. Benefit effective: upon expiration of Short-Term Salary Indemnity coverage. Eligibility: Regular faculty employed one-half (1/2) time or more: Coverage commences on the first day of the month coincident with or following date of appointment as regular. Temporary faculty employed one-half (1/2) time or more: Coverage commences on the first day of the month coincident with or following one year of continuous service at half-time or more. The premium cost of Long-Term Salary Indemnity coverage shall be borne entirely by the faculty member and shall be paid by means of payroll deductions.
Long Term Salary Indemnity. All eligible employees shall participate in the Salary Indemnity Plan. Long Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of Benefit: seventy percent (70%) of salary to a maximum of two thousand, nine hundred and fifty dollars ($2,950) per month.
Long Term Salary Indemnity. Long Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit - 65% of salary to a maximum of $1,720 per month Duration of benefit - until retirement or as otherwise provided Benefit effective - upon expiration of Short Term Salary Indemnity coverage The premium cost of Long Term Salary Indemnity coverage shall be borne entirely by the employee and shall be paid by means of payroll deductions. Should the Union wish to increase the level of coverage for Long Term Disability and Weekly Indemnity benefits, this shall be done through the vehicle of the Benefits Committee. O Gratuity Plan
Long Term Salary Indemnity. Long-Term Salary Indemnity is provided effective August 1, 1978, in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit -- 70% of salary to a maximum of $2,404 per month. Duration of benefit -- until retirement or as otherwise provided Benefit effective -- upon expiration of Short-Term Salary Indemnity coverage. The premium cost of Long-Term Salary Indemnity coverage shall be borne entirely by the faculty member and shall be paid by means of payroll deductions.
Long Term Salary Indemnity. (cont'd) Should the Union wish to increase the level of coverage for Long Term Disability and Weekly Indemnity benefits, this shall be done through the vehicle of the Benefits Committee. N Gratuity Plan
Long Term Salary Indemnity. All eligible employees shall participate in the Salary Indemnity Plan. Long Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of Benefit: 70% of salary to a maximum of $2,275 per month. Duration of Benefit: until retirement or as otherwise provided. Benefit Effective: upon expiration of Short Term Salary Indemnity coverage. The premium cost of Long Term Salary Indemnity coverage shall be borne entirely by the employee and shall be paid by means of payroll deductions.
Long Term Salary Indemnity. Long Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit - 65% of salary to a maximum of $1,720 per month Duration of benefit - until retirement or as otherwise provided Benefit effective - upon expiration of Short Term Salary Indemnity coverage XIV EMPLOYEE BENEFITS (Cont'd) The premium cost of Long Term Salary Indemnity coverage shall be borne entirely by the employee and shall be paid by means of payroll deductions.
Long Term Salary Indemnity. Long-Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit: 70% of salary to a maximum as shown: Effective Dates Monthly Maximum April 1, 2004 $2,404 September 1, 2005 $3,292 June 1, 2006 $3,456 August 1, 2006 $3,490 April 1, 2007 $3,591 April 1, 2008 $3,691 April 1, 2009 $3,792 Duration of benefit: until retirement or as otherwise provided. Benefit effective: upon expiration of Short-Term Salary Indemnity coverage. Eligibility: Regular faculty employed one-half (1/2) time or more: Coverage commences on the first day of the month coincident with or following date of appointment as regular. Temporary faculty employed one-half (1/2) time or more: Coverage commences on the first day of the month coincident with or following one year of continuous service at half-time or more. The premium cost of Long-Term Salary Indemnity coverage shall be borne entirely by the faculty member and shall be paid by means of payroll deductions.
