Common use of Benefit Reduction Clause in Contracts

Benefit Reduction. The purpose of this insurance is to extend to you a reasonable level of income when you are disabled, but it is not designed to give you income which would exceed or even equal your normal take-home pay when you are working. For this reason, the benefits that you receive from the plan will be reduced by any income from the following sources.

Appears in 2 contracts

Sources: Labour Agreement, Labour Agreement