LONG-TERM DISABILITY (LTD) INSURANCE
LTD insurance provides for payment of half of your monthly salary if you are unable to work for 90 days or longer. You must exhaust all paid leave before payments begin. Premiums are payroll deducted and are based on your age and monthly salary. Click on the button below for a rate chart for calculating your monthly premium.
Coverage for new employees begins on the first day of the month following sixty (60) calendar days from the date of employment, or two (2) calendar months, whichever comes first. This is the same date that life and health insurance becomes effective. Click on the button below to find your effective date.
All new employees may enroll in LTD insurance at their time of hire without any medical forms. However, if any new employee chooses not to enroll, a medical form will be required should s/he choose to enroll in LTD insurance at a later date.
There is no annual enrollment period for LTD insurance. Employees may apply for coverage at anytime during the year by completing a GIC Form 1 (the GIC will then send a medical form to the applicant).
Click on the links below for more information:
· LTD Insurance Rates
· Effective Dates