Common use of LTD Plan Clause in Contracts

LTD Plan. 7.03.1 The Board shall maintain and make available to teachers, a Long Term Disability Plan of insurance (the LTD Plan). The LTD Plan will pay qualifying teachers a maximum amount equivalent to sixty percent (60%) of their salary plus their Teachers' Pension Plan Contribution. 7.03.2 Teachers will pay one hundred percent (100%) of the premiums for the LTD Plan. The Teachers reserve the right to change the LTD benefit carrier with sixty (60) days notice to the Board and to alter the terms of the plan where deemed necessary by the Teachers. 7.03.3 The Plan shall be compulsory for all new teachers employed by the Board effective September 1, 1998, and for all teachers who are currently enrolled in the LTD plan. 7.03.4 Teachers on long term disability will continue to receive their benefits as long as they remain on the Long Term Disability.

LTD Plan. 7.03.1 The Board shall maintain and make available to teachers, a Long Term Disability Plan of insurance (the LTD Plan). The LTD Plan will pay qualifying teachers a maximum amount equivalent to sixty percent (60%) of their salary plus their Teachers' Pension Plan Contribution. 7.03.2 Teachers will pay one hundred percent (100%) of the premiums for the LTD Plan. The Teachers reserve the right to change the LTD benefit carrier with sixty (60) days notice to the Board and to alter the terms of the plan where deemed necessary by the Teachers. 7.03.3 The Plan shall be compulsory for all new teachers employed by the Board effective September 11st, 1998, and for all teachers who are currently enrolled in the LTD plan. 7.03.4 Teachers on long term disability will continue to receive their benefits as long as they remain on the Long Term Disability. 7.03.5 It is understood that a change in carrier and terms of the LTD Plan will not occur without the same change for the coverage for the secondary teachers.