Reduction of Benefit. Monthly L.T.D. benefit will be reduced by:
1) any amount of income for the month to which an employee is entitled under the Workplace Safety and Insurance Board, or similar coverage;
2) any amount payable for the month on account of the employee’s disability under the Canada Pension Plan or similar provincial plan excluding any benefit that the employee is entitled to receive for children;
3) any amount payable for the month to an employee as a retirement pension under the Canada Pension Plan or similar provincial plan; and,
4) an amount so that the L.T.D. benefit together with all other benefits for the month payable on account of the employee’s disability under any other sick leave plan, association or group insurance plan, employee retirement plan, or government plan will not exceed:
i) if the payment is taxable, eighty-five percent (85%) of the employee’s monthly basic earnings, or
ii) if the payment is not taxable, eighty-five percent (85%) of the employee’s monthly basic earnings less income tax and pension plan deduction.
5) Any benefit not paid on a monthly basis will be considered to have been monthly on a reasonable basis determined by the Township’s Insurer.
6) An employee must apply for all such disability benefits for which they may be eligible in order to receive benefits hereunder. The Township’s Insurer will estimate the amount of any reduction until it has been established.
7) If an employee engages in a rehabilitation program, the monthly benefit will be reduced by fifty percent (50%) of their compensation or profit.
Reduction of Benefit. The life insurance benefit will not be offset or reduced as a result of any other payment received by the beneficiary. Application must be made for all such benefits in order to receive same hereunder. Where considered appropriate by the Administrator, the applicant must reapply for, or appeal decisions regarding such death benefits. No benefits will be paid until the amount of any reduction has been finally established.
Reduction of Benefit. The accidental death and dismemberment benefit of $10,000 for loss of life will not be offset or reduced as a result of any other payment received by the beneficiary. Application must be made for all such benefits in order to receive same hereunder. Where considered appropriate by the Administrator, the applicant must reapply for, or appeal decisions regarding such death benefits. No benefits will be paid until the amount of any reduction has been finally established.
Reduction of Benefit. The monthly long term disability benefit will be paid without any offset for any other insurance or government program whatsoever. Any benefit not paid on a monthly basis will be considered to have been paid monthly on a reasonable basis determined by the Administrator. The insured employee must apply for all such disability benefits for which he/she may be eligible in order to receive same hereunder, The Administrator will estimate the amount of any reduction until it is established. For the purposes of long term disability insurance “basic monthly earnings” means
a) regular monthly earnings excluding overtime pay, bonuses and other special compensation at the commencement of total disability and
b) the monthly average of commissions for the six months immediately preceding the commencement of total disability.
Reduction of Benefit. Your weekly benefit will be reduced by any amount payable to you as a result of your disability under:
(a) Any Workers’ Compensation Act (or similar legislation); and
(b) If the benefit period of this plan exceeds twenty-six (26) weeks, the Canada, or Quebec Pension Plan (excluding benefits for dependents and any subsequent increase in benefits due solely to cost of living). Your benefit amount will also be reduced by any indemnity for loss of time payable to you under the Quebec Automotive Insurance Act, the Ontario Motorist Protection Plan or any other no-fault automobile insurance plans indicated in the group policy.
Reduction of Benefit. Your monthly L.T.D. benefit will be reduced by:
1) any amount of income for the month to which you are entitled under any Workers’ Compensation or similar coverage;
2) any amount payable for the month on account of your disability under the Canada Pension Plan or similar provincial plan excluding any benefit that you are entitled to receive for children;
3) any amount payable for the month to you as a retirement pension under the Canada Pension Plan or similar provincial plan; and
4) an amount so that the L.T.D. benefit together with all other benefits for the month payable on account of your disability under any other sick leave plan, association or group insurance plan, employee retirement plan, or government plan will not exceed:
a) if the payment is taxable, 85 percent of your monthly basic earnings, or
b) if the payment is not taxable, 85% of your monthly basic earnings less income tax and pension plan deduction. Any benefit not paid on a monthly basis will be considered to have been monthly on a reasonable basis determined by the Township’s Insurer. You must apply for all such disability benefits for which you may be eligible in order to receive benefits hereunder. The Township’s Insurer will estimate the amount of any reduction until it has been established.
Reduction of Benefit. The maximum benefit as outlined above will be directly reduced by the total of the following amounts, if any, payable to the employee for the same period of disability;
(i) Workplace Safety and Insurance Board;
(ii) Canada or Quebec Pension Plan excluding any payment in respect to an employee’s children;
(iii) The retirement pension plan of the Board;
(iv) Income replacement indemnity payable under any automobile insurance plan or policy;
(v) Other group, association or government insurance. If the employee is in receipt of any of the above benefits, the amount payable will not exceed 85 per cent of his/her basic monthly earnings. The insurer reserves the right to estimate the amount of any benefits payable to the employee in accordance to the items listed above until he/she furnishes documentary evidence of either the exact amount of such benefits or that he/she is not eligible for such benefits.
Reduction of Benefit. The short term disability benefit will be reduced by
Reduction of Benefit. This vision care benefit be reduced as provided in the Right of Subrogation provision. No benefit will be paid
Reduction of Benefit. This major medical expense benefit will be reduced as provided in the Right of Subrogation provision. Covered expenses are the reasonable charges for the medically necessary services and supplies for the treatment of any injury or disease, as described below, made
