Long Term Disability (LTD)
Long Term Disabiltiy (LTD) Insurance Information
Long Term Disability insurance provides a safety net that replaces your salary and provides pension plan protection should you be unable to work because of illness or injury. Enrollment in the OSSTF District 25 Teachers' LTD plan is a condition of employment with the Ottawa-Carleton District School Board.
Do I have to pay LTD premiums for my entire career?
If you have reached, a 60% unreduced service pension (30 years credited service and the 85 factor) or if you are 65 years old then you are no longer eligible to collect LTD benefits and you should therefore terminate the insurance. Complete the LTD Termination Application form in order to stop paying the LTD premiums.
What Options do I have in our LTD Plan?
The following chart shows the various options available. Members can make changes to their plan every 3 years (the next oportunity for making a change is 2008) by moving 1 level only. Information and review kits will be sent to members when renewal occurs.
NO COLA* NO COLA 2% COLA
(after 2 years) 2% COLA
(after 2 years)
Waiting Period 45% 55% 45% 55%
200 working days Option 1
Rate 1.17% Option 2
Rate 1.31% Option 3
Rate 1.24% Option 4
150 Working days Option 5
Rate 1.23% Option 6
Rate 1.36% Option 7
Rate 1.30% Option 8
75 working days Option 9
Rate 1.43% Option 10
Rate 1.63% Option 11
Rate 1.53% Option 12
(excluding 8% PST, expressed as a % of gross salary)
* COLA - Cost Of Living Allowance
A more detailed summary of our LTD plan is available here.
For more information, contact Kim Appel at the District Office.