Term Disability Insurance. The City of Saco provides Short-Term Disability Insurance to all employees working a minimum of 30 hours per week. If a covered illness or injury keeps you from working, this employer-paid short term disability insurance replaces part of your income while you recover. For short-term disability, the City’s Income Protection Vendor covers 66.7% of the weekly gross salary up to $1,000 per week. To supplement the short-term coverage, an employee may use their accrued sick time first and then accrued vacation time if the employee chooses to make their check whole for each week. The elimination period for short-term disability coverage is 14 calendar days. Employees can use their available sick and vacation accruals to cover the elimination period. The benefit duration is up to 24 weeks for an eligible illness or injury, and six weeks for the birth of a child.
Term Disability Insurance. The I This Assistant Association will, in consultation with Xxxxx Xxxxxx, set-up a for the tendering of a Long Term Disability Insurance Plan. will be at the employee’sexpense. Burlington this day of September, FOR HALTON BOARD OF EDUCATION FOR THE ASSOCIATION THE HALTON BOARD OF EDUCATION (hereinafter referred to as the “Board”) (hereinafterreferred to as the The parties agree that benefit changes will be consistent with which are attached as Appendix “A”. A benefit card will be implementedno later than February Signed at Burlington this day of September, FOR THE HALTON BOARD OF EDUCATION FOR THE ASSOCIATION Xxxxx Xxx Xxxxx Xxxxxx Xxxxxx Xxxx Xxxxxxx Xxxxxxxx and return of Positive Enrolment Forms. PE Benefit Management Card*
Term Disability Insurance. Employees shall participate in a Long Term Disability Insurance Policy with the paying one hundred percent (100%) of the regular monthly premiums. The agrees to continue its present practice with respect to contributions to the Policy covered by this sub-article on behalf of employees receiving payments under the Long Term Disability Insurance Policy. At the request of the employee and upon production of a doctor’s certificate or certificates acceptable to the medical consultant, the will advance the first month’s payment due from the insurance company in the case of a delay.
Term Disability Insurance. The Employer shall pay of the billed premium for the long term disability benefit that provided in Article Increases to the salary schedule shall be retroactive to the dates specified in Schedule and apply to all employees in the bargaining unit as of April Any new employee hired since that date shall be entitled to adjustment to their remuneration from the date of Former employees are eligible for retroactive pay for periods of employment since April The Employer shall be responsible to contact in writing, at their last known address, any employees who have since left employment and advise them of their entitlement to any retroactive adjustment and send a copy thereof to the Association. Such employees shall have a period of forty-five (45) days from the date of mailing to claim such adjustments. Former employees who are eligible for retroactive pay must
Term Disability Insurance. The District shall pay the full cost of providing a long-term disability insurance plan for each employee after a one hundred and eighty (180) day waiting/elimination period. The plan provides for sixty-six and two-thirds percent (66 2/3%) of monthly earnings up to ten thousand dollars ($10,000) per month, up to a maximum period of payment, as described in the insurance plan’s summary document. This insurance coverage shall be integrated with the worker’s compensation carrier or other benefits received by the employee.
Term Disability Insurance. Effective first of month following date of hire. Effective as of date of hire. Effective as of date of hire. Eligible upon hire. Effective 1st of month following completion of enrollment forms. Choice of 1X, 2X, or 3X base salary in additional term life insurance. Guaranteed approval up to $400,000 if purchased within 30 days of hire. Greater amounts up to a maximum of $500,000 are subject to evidence of insurability. Age based premium paid by payroll deduction. Benefits are reduced to 65% at age 70. Eligible upon hire. Effective 1st of month following completion of enrollment forms.
Term Disability Insurance. Upon completion of six (6) months of continuous an employee shall be eligible to apply for Long Term Disability benefits (66 of salary on date of disability) commencing seventeen (17) weeks after the date the reimburse the employee for the full cost of this insurance. The terms and conditions for Long Term Disability Insurance shall be as outlined in the Master Contract, the conditions of which not be changed without the consent of the Institute. employee’s position will not be declared vacant nor will an employee be terminated: until six (6) months from the date of commencement of disability or to the extent of the employee’s banked sick credits to a maximum of one (1) year if such credits exceed six (6) months. The above limits may be extended upon written request by the employee and written approval by the Department Head. The Employer shall deduct the premium, or the employee’s share, if any, from the pay of every employee who is insured under the Insurance Plans. If the premiums for any of the Insurance Plans decrease during the term of this Agreement, the Employer agrees to enter into discussions with the Institute as to how the savings resulting therefrom may best be used for the benefit of the employees in the bargaining unit. The Employer shall provide a payment equal to that of premiums to employees who reside in the Province of Quebec. The payment will be an amount equal to what would have been paid by the Employer had the Quebec resident lived i n Ontario during the previous year. In the case where a married couple is engaged by the Employer, one payment equal to the dependent coverage will be made annually. Employees who make their residence in the Province of Quebec must inform their Employer immediately of any change of residence and in the year following their change of residence, must apply to the Employer in writing requesting as provided in this section indicating the total period of residence. Employees who fail to notify the Employer of their change of address, and for whom the Employer has continued to pay the Ontario shall not be entitled for the period for which the Employer has continued to pay into the Ontario Plan. It is the responsibility of the employee to notify the Employer of any changes of status (i.e. family to single coverage, etc.). Should the employee fail to notify the Employer of a change in marital status, the Employer will not be held responsible for any lack of coverage in this regard.
Term Disability Insurance. You are entitled to membership of such private medical insurance scheme, long-term disability insurance scheme, critical illness scheme and death in service benefit (“the Schemes”) as the Company may from time to time decide to maintain for the benefit of its employees, subject to the rules of such schemes as imposed by the provider from time to time. Any benefits payable under any such scheme will be subject to the rules of the scheme and the terms of any applicable insurance policy, and are conditional on you complying with and satisfying any requirements of the insurers.
Term Disability Insurance. The Employer will continue, at no cost to the employee, insurance coverage based on employee earnings.
Term Disability Insurance. You will be eligible to participate in the Company’s short-term disability plan on the 1st of the month following your date of hire. Premiums are employee paid. Premiums are automatically deducted from your paycheck on an after-tax basis. • Retirement Savings Plan (401k) - On the first of the month following your date of hire, the plan allows you to contribute up to the maximum annual limit imposed by the IRS, which is $17,500.00 for 2013 through automatic payroll deductions on a before-tax basis. Following completion of 6 months of service, for which you have worked at least 500 hours, the Company will match 100% of your contribution up to a maximum of the lesser of $7,650.00 or 3% of your salary. • Supplemental Executive Retirement Plan (SERP) - You are eligible to participate in the SERP Plan on October 1, 2013. The purpose of the SERP is to provide officers with financial security in exchange for a career commitment. The SERP is designed such that at age 65, you could be expected to have an accumulation (under certain assumptions) that is approximately equal to the present value of a life annuity sufficient to replace 40% of your final three-year average salary. If your years of service as an officer at age 65 are less than 20 years, a pro-rata reduction is applied to the 40% target. Further details will be provided upon employment. • Automobile - You are entitled to an automobile allowance of $14,000 per year. • Parking - You will be provided an officer parking spot in the garage adjacent to our building. • Additional - In addition to the standard benefits set forth above, the Company will pay you up to $15,000 promptly after your Start Date to reimburse you for employment transition expenses including legal expenses. In the event you travel for work, you will be entitled to non-economy travel for flights in excess of three (3) hours.
