Other Income Benefits means any benefits listed in the Other Income Benefits provision that you receive on your own behalf or for your dependents, or which your dependents receive because of your entitlement to Other Income Benefits.
Other Income Benefits means any benefits listed in the Other Income Benefits provision that an Employee receives on his or her own behalf or for dependents, or which the Employee's dependents receive because of the Employee's entitlement to Other Income Benefits.
Other Income Benefits means any benefits listed in the Other Income Benefits provision that you receive on your own behalf.
Examples of Other Income Benefits in a sentence
The Insured Employee's Predisability Income, minus all Other Income Benefits (including earnings from Partial Disability Employment).
If so, the Plan may reduce the Disability Benefits by the amount of such Other Income Benefits.
Other Income Benefits paid directly and solely to the disabled employee may serve to reduce University based disability benefits.
After the first reduction is made for any qualifying Other Income Benefits, any increase in these benefits during the period of disability due to a cost of living adjustment will not be considered in calculating University based disability benefits.
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More Definitions of Other Income Benefits
Other Income Benefits means those benefits described as “Other Income Benefits” in Section 3.7.2 of this Plan Document.
Other Income Benefits means any amounts that a Participant or a Participant's dependents receive (or are assumed to receive) under:
Other Income Benefits means any amounts that an Insured or an Insured’s dependents receives (or are assumed to receive) under:
Other Income Benefits means the amount of any benefit for loss of income, provided to the employee or the employee’s family, as a result of the period of disability for which the employee is claiming benefits under the LTD program. This includes any such benefits for which the employee or the employee’s family are eligible or that are paid to the employee or employee’s family, or to a third party on behalf of the employee pursuant to any:
Other Income Benefits means:
(a) The sum of any periodic cash payments provided on account of a Participant’s Total Disability (other than from this Plan):
(i) Under any group insurance coverage or similar arrangement of coverage for individuals in a group, but only to the extent that the group insurance and benefits under the Plan in the aggregate exceed 50% of a Participant’s Basic Monthly Earnings.
(ii) under the United States Social Security Act, including benefits payable to the Participant’s dependents on account of the Participant’s Total Disability;
(iii) under any state, federal or governmental disability or retirement plan including the United States Railroad Retirement Act;
(iv) for the purpose of compensating a Participant for lost wages or lost capacity to earn wages, under any Worker’s Compensation Act or similar legislation, or any state, or the maritime doctrine of maintenance, wages and cure or under any plan pursuant to a non- occupational disability benefits law or similar legislation;
(v) under any salary, formal salary continuation plan, wages, vacation pay, commissions or other similar remuneration that the Participant receives, or is entitled to receive, from the Employer;
(vi) under any disability benefits or retirement benefits payable under any group pension or retirement plan to which the Employer contributed;
(vii) under any retirement benefits, or benefits in the nature of retirement benefits, that are provided under the United States Social Security Act;
(viii) under any payments of benefits which are paid in addition to a life insurance death benefit and are provided in connection with any accidental bodily injury or sickness under any group insurance contract for which contract the Employer shall have paid, directly or indirectly, all or a portion of the cost, or made payroll deductions which became payable on or after the commencement of the Total Disability for which the Monthly Benefit is payable; and
(b) Any income that a Participant elects to receive or has been awarded in a lump sum, rather than in periodic installments, will be considered to have been received on the equivalent monthly basis. However, recovery of any overpayment that resulted from a lump sum payment shall occur during the lesser of the number of months until the Participant’s 65th or 70th birthday or the Participant is ineligible to receive a benefit from the plan, whichever is first to occur.
(c) Until Primary Social Security Disability Benefits are actually awarded or un...
Other Income Benefits. - means any amounts that would be provided because of the Insured Person’s inability to work due to the Injury or Illness for which benefits are claimed under this Total Disability Benefit (or due to a related condition) under “Other Disability Plans”, in the absence of provisions with a purpose similar to that of the Coordination with Other Income Bene fits provision, whether or not claim is made. However, if any “Other Disability Plan” has a provision to reduce its payments because of Total Disability Benefits under this policy, and if this policy has covered the Insured Person longer than that “Other Disability Plan” has, that “Other Disability Plan’s” benefits will not be considered “Other Income Benefits”.
Other Income Benefits. Other Income Benefits are benefits resulting from the same Total Disability for which a Monthly Benefit is payable under this Policy. These Other Income Benefits are: (1) disability income benefits an Insured receives under any group insurance plan(s); (2) disability income benefits an Insured receives under any governmental retirement system, except benefits payable under a federal government employee pension benefit; (3) all permanent as well as temporary disability benefits, including any damages or settlement made in place of such benefits (whether or not liability is admitted) an Insured receives under: (a) Workers' Compensation Laws; (b) occupational disease law; (c) any other laws of like intent as (a) or (b) above; and (d) any compulsory benefit law; (4) any of the following that the Insured is entitled to receive from you: (a) wages excluding the amount allowable under the Rehabilitation Provision; and (b) commissions or monies, including vested renewal commissions, but, excluding commissions or monies that the Insured earned prior to Total Disability which are paid after Total Disability has begun; (5) that part of disability or Retirement Benefits paid for by you that an Insured is eligible to receive under a group retirement plan; and (6) disability or Retirement Benefits under the United States Social Security Act, the Canadian pension plans, federal or provincial plans, or any similar law for which: (a) an Insured is eligible to receive because of his/her Total Disability or eligibility for Retirement Benefits; and (b) an Insured's dependents are eligible to receive due to (a) above. Disability and early Retirement Benefits will be offset only if such benefits are elected by the Insured or do not reduce the amount of his/her accrued normal Retirement Benefits then funded.