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.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
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, 141294-1-G (MetLife), in effect on July 1, 2009.
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.
Appears in 1 contract
Samples: Collective Bargaining Agreement
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.
Appears in 1 contract
Samples: Collective Bargaining Agreement