Xxxx Term Disability Insurance. The Board shall provide Long Term Disability Insurance. LTD premiums are a taxable income to the teachers; benefits received are non-taxable according to the Internal Revenue Code. The policy shall include a maximum benefit of 66 2/3 percent of salary to age sixty-five after a 90 day waiting period and a cost-of-living adjustment.
Appears in 5 contracts
Samples: Master Contract, Master Contract, Master Contract
