Originally Posted by
BKbigfish
The benefit offsets dollar for dollar for any future income earned. If you go out and find a job that pays $60k, your LTD benefit is reduced by $60k. Of all the weaknesses in our current LTD policy, this is the one in most desperate need of fixing.
Correct.
And the fact no medical after 5 years.
So you can have a medical condition that kills your career and then you lose your insurance 5 years after losing your career
I won’t trash our LTD for the simple fact we had absolute nothing of value prior to this, we secured own occupation protection in this contract with a large buy up opportunity. Yes, it’s based on income, but that’s the idea, to help with what you lost. You make more, your buy up benefit is more. It was a gain for all of us, now we improve it this round.
DC contributions on LTD is needed as well.