Common use of Level of Benefit Clause in Contracts

Level of Benefit. 50% of regular weekly earnings calculated at 40 times the disabled employee's status rate at the date of onset of disability, plus any negotiated increases to that status rate which would take place during the elimination period. An employee who is under 60 years will have his/her future disability benefit recalculated by applying the contractual wage increases that were applied in each year, during the period of their disability, to their long term disability benefit. The recalculated weekly benefit when combined with all other disability income to which the disabled employee is receiving will not exceed 80% of 40 hours multiplied by the regular rate in effect at the time of the recalculation.

Level of Benefit. 50% of regular weekly earnings calculated at 40 times the disabled employee's status rate at the date of onset of disability, plus any negotiated increases to that status rate which would take place during the elimination period. An employee who is under 60 years will have his/her their future disability benefit recalculated by applying the contractual wage increases that were applied in each year, during the period of their disability, to their long term disability benefit. The recalculated weekly benefit when combined with all other disability income to which the disabled employee is receiving will not exceed 80% of 40 hours multiplied by the regular rate in effect at the time of the recalculation.