School District 73

Kamloops Thompson

BENEFIT: Long Term Disability

BENEFITS PROVIDER: Desjardins

POLICY #: 647227

SD73-Principals & Vice-Principals

Long Term Disability Benefit

Percentage & Maximum of Benefit:

60% of the first $7,500 of gross monthly Earnings and 50% of the balance, rounded to the next $1, if not already a multiple, up to a maximum of $10,000.

Non-Evidence Maximum of Insurability:

$10,000

Elimination Period:

117 calendar days or expiration of benefits under the Employer’s sick leave plan to a maximum of 120 sick leave days, whichever is later.

Maximum Benefit Period:

The date the Participant is eligible for a full unreduced pension, or the end of the month in which the Participant reaches age 65 or 35 years of pensionable service, less the Elimination Period, or retirement, whichever is earlier.

Benefit Termination

Age Limit:

The date the Participant is eligible for a full unreduced pension, or the end of the month in which the Participant reaches age 65 or 35 years of pensionable service, less the Elimination Period, or retirement, whichever is earlier.