LTD Benefits. Individuals who are in receipt of LTD benefits will have their LTD benefit level indexed by the same amount that pensions are indexed.
LTD Benefits a. Employees covered by the terms of this Collective Bargaining Agreement are provided at no cost to themselves, Long Term Disability (LTD) benefits pursuant to the terms and conditions specified in the Group Long-Term Disability Benefits Policy.
b. The insurance policy referenced above is only to be used as a document to define the conditions and limits of the benefits payable and not an obligation of the District to contract with Mutual of Omaha or any specific provider. This summary of coverage provides a brief description of some of the terms and conditions of the policy.
c. SUMMARY OF COVERAGE Elimination Period 60 Calendar Days Monthly Benefit If totally disabled and earning less than 20% of your pre-indexed disability earnings, the benefit is the lesser of: ▪ 60% of your basic monthly earnings to a maximum of $3,333, less other earnings; or ▪ $2,000, less any other earnings. Minimum Monthly Benefit Never less than $50. Maximum Benefit Period Age 61 or Less: to Age 65 or Social Security Normal Retirement Age or 3 years, 6 months, whichever is longer. Age 62 and Up: Consult the Certificate. Survivor Benefit Three times your monthly benefit for the month prior to your death. When Insurance Starts The first day of the Policy month, which coincides with or follows the day the employee becomes eligible, provided the employee is actively working on that day. When Insurance Ends The day before you enter the Armed Forces on active duty (except for temporary active duty of 2 weeks or less. You are no longer actively employed by Regional Transit. For a complete description of the terms, conditions, exclusions, and limitations of the Policy, refer to the appropriate section of the Certificate, which is available at the Human Resources Department. In the event of a discrepancy between this summary and the Certificate, the Certificate will control.
LTD Benefits. A long term disability insurance policy providing sixty-six and two-thirds percent (66 2/3%) of salary after ninety (90) calendar days shall be provided.
LTD Benefits. Only full-time Cleaners hired prior to July 1, 2014 and all Operators regardless of initial employment date will receive a long term disability insurance policy providing sixty-six and two-thirds percent (66 2/3%) of salary after ninety (90) calendar days shall be provided.
LTD Benefits. Individuals who are in receipt of LTD benefits will have their LTD benefit level indexed at 100% of the increase in the Consumer Price Index (CPI) up to a maximum of 3% per year.
LTD Benefits. The maximum monthly benefit is $5,000. The maximum benefit period is to age 65. NOTE: The monthly benefit is calculated at 66 2/3% of the first $7,500 of monthly pre-disability earnings. The pre-disability earning amount may be reduced by income received from other sources (referred to as deductible income) prior to the benefit calculation.
LTD Benefits. The parties agree, for the duration of this agreement only, to the following:
LTD Benefits. The LTD plan or policy will provide for seventy percent (70%) of an employee's normal earnings, to age sixty-five (65) in the event of total disability.
LTD Benefits. LETTER OF UNDERSTANDING
LTD Benefits. This is to confirm the Employer's agreement to continue its policy with respect to benefit contributions for employees on Long Term Disability during the currency of this Collective Agreement. The Employer's policy now provides for benefit premium costs for employees on Long Term Disability to be shared in the manner set out below: Current Monthly Current Monthly Co. Contributions EE. Contributions Single Family Single Family Semi Private 8.37 23.58 N/C N/C Sun Life Ext. Health 59.97 196.80 N/C N/C Dental 42.40 93.47 14.14 31.16 Vision 7.47 16.16 N/C N/C VDT 4.22 N/C N/C N/C
