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The Short Term Disability (STD) Benefit provides up to 24 months of disability income benefits to Regular Employee Members who are unable of work because of disability.
Note: STD is not available to Temporary Employees.
Definition of Disability under the Plan
Disability means the Member is unable to work at his normal occupation because of an injury, accident or illness and is under the care of a physician. The physician must be licensed to practice medicine in British Columbia or some other jurisdiction approved by the Plan Trustees.
Date of Disability
This is the first calendar day that a Member is unable to work because of accident or illness. If the Member is on an unpaid leave of absence at this date, the Member's date of disability is the date the unpaid leave ceases.
Amount of STD Monthly Benefit
Your STD benefit is a non-taxable benefit intended to ensure that you continue to receive approximately the same amount of net income you were receiving while you were working. As you will not have to pay income tax and various other income deductions while disabled, and may be receiving benefits from other sources, the amount of monthly benefit paid is a percentage of your pre-disability gross monthly pay. The amount of benefit is based on your Annual Earnings at the date of disability. The amount of the monthly benefit payable is calculated as a percentage of your monthly earnings (Annual Earnings divided by 12) and is determined by what other source of income you are receiving.
Source of Income |
Paid by TWBP as a |
Other than TWBP |
Non-taxable STD Benefit |
|
(% of Annual Earnings) |
a) No other income |
75% on the first $20,000 |
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65% on the next $20,000 |
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50% on the remainder |
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b) 50% benefit from the Employer |
35% on the first $20,000 |
short term disability |
25% on the next $20,000 |
(sick leave) plan |
25% on the remainder |
66%% benefit from the Employer |
20% on the first $20,000 |
short term disability (sick leave) |
20% on the next $20,000 |
plan |
15% on the remainder |
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c) Workers' Compensation Act (WCB)benefits |
0% |
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d) Canada Pension disability benefit |
45% on the first $20,000 |
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40% on the next $20,000 |
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50% on the remainder |
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e) Canada Pension Plan disability |
10% on the first $20,000 |
benefit and 50% benefit from |
10% on the next $20,000 |
Employer's short term disability |
25% on the remainder |
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Canada Pension Plan disability |
0% on the first $20,000 |
Benefit and 66 2/3% benefit from |
0% on the next $20,000 |
Employer's short term disability |
15% on the remainder |
(sick leave) plan |
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f) The Telecommunication Workers LTD Plan |
5% |
(All benefits shown, other than WCB and TWBP payments, are taxable)
Example: Member earning $45,000, quoted in monthly amounts
Company Short Term Plan paying 50% benefit $1875 taxable benefit
TW Benefit Plan: 35% of first $20,000/12 = $ 583
25% of next $20,000/12 = $ 417
25% of $5,000/12 = $ 104
Total Benefit Plan Payment $1104 non-taxable |
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