LTD insurance provides a safety net that replaces your salary
and provides protection for your pension plan, should you be unable
to work due to illness or injury. The purpose of the LTD plan is to
provide coverage for serious disabilities resulting in long periods
of absence. Your LTD plan recognizes the highly vulnerable position
of most members should they be confronted with a loss of income
during a lengthy or permanent disability. Subject to the terms and
provisions of the policy, if you are under the continuous active
care and treatment of a duly qualified physician, a benefit will be
paid for as long as you remain disabled and are eligible for
benefits.
LTD benefits are payable after a continuous period of absence from
work. The time between the onset of disability and the date which
LTD benefits first become payable under your plan choice is the
waiting period (often referred to as the Elimination Period).
During the waiting period, you could be paid by any combination of
Employment Insurance Commission disability benefits, Canada Pension
Plan disability benefits or sick leave benefits.
The OCETF Long Term Disability Insurance policy is entirely
owned by the Ottawa Carleton Elementary Teachers' Federation. The
Ontario Teachers Insurance Plan (OTIP) is our current LTD
carrier.
LTD is an income - replacement insurance, payable should an OCETF
member be unable to perform the essential components of their job.
Benefits are paid at a rate of 55% of pre-disability salary,
subject to approval by OTIP.
Should you have any questions or concerns about Long Term
Disability please contact the OCETF LTD Advocate, Susan Gardner, at
the OCETF Office (613-596-3932).