ETFO Provincial Long Term Disability (LTD) Plan Termination Provisions

March 11, 2021

ETFO Provincial Long Term Disability (LTD) Plan Termination Provisions

Please see the following memo and the LTD Coverage Termination form to determine if you should terminate from the ETFO Provincial LTD plan and if so, the process to do so. Please note, only you have access to your pensionable service credits and your 85 factor date which are required to determine if you can withdraw from the plan. No one else can do this for you.

If you meet ONE of the following scenarios, you are no longer eligible for coverage under the ETFO Provincial LTD plan.

Scenario 1 – Eligible for 60% unreduced service pension

You are within the later of 110 working days or expiration sick leave (LTD qualifying period) of:

  1. Being eligible for a 60% unreduced service pension – this means you have 30 credited years of service and your 85 factor (age + qualifying years = 85).

It is important to note, you need to be within the LTD qualifying period of being eligible for an “unreduced” pension (85 factor) AND a 60% pension (30 credited years of service).

If you are eligible for a 60% unreduced service pension, please provide the following:

  • Complete the attached termination application.
  • The first page of your Ontario Teachers’ Pension Plan Service Record, example included below.
  • The first page of your annual pension statement confirming when you were, or will be, eligible for an unreduced pension. Please provide a copy of a year in which the annual statement includes the month and the year that you will be eligible, example included below.

Scenario 2 – Age 65

  • You have reached the end of the month in which you turned age 65 or;
  • You will reach the end of the month in which you turned age 65 within the later of either the next 110 working days or the expiration of your sick leave.

Please note, the Board has confirmed that they have a process to stop LTD contributions for members who are within 110 working days of the end of the month in which they turn age 65. As this is a manual process, we would ask that you check your paystub to ensure that your LTD contribution deductions have stopped once you meet this threshold.

Scenario 3 – Early Retirement

If you take early retirement and are not approaching age 65 and do not qualify for a 60% unreduced service pension as per scenarios 1 and 2 above, you cannot exit the LTD plan prior to your retirement.

The following information is required for Scenario 1 – 60% unreduced pension:

Sample OTPP Annual Pension Statement:

Sample OTPP Service Record:

How to complete the Application for Long Term Disability (LTD) Coverage Termination

If you meet the criteria for scenario 1 above, you need to complete the Application for Long Term Disability Coverage Termination form and provide the supporting documentation required in order to process your request.

To ensure LTD contribution deductions are discontinued by a desired date, please submit your completed form with the necessary documentation at least two months prior to the desired cancellation date to ensure the board stops deducting LTD premiums on time.

Return Instructions

Please return your completed Application for Coverage Termination and required documentation to:

Jodie Campbell, Service Consultant, OTIP
Email:  jcampbell@otip.com
Fax: 1-866-342-2134

Questions

Please direct any questions regarding the termination of your LTD benefits to:

Jodie Campbell, Service Consultant, OTIP
Email: jcampbell@otip.com
Phone: 1-877-260-3892 Ext. 2605

Since your LTD benefits plan is sponsored by ETFO Provincial, please direct any LTD benefits questions to your OTIP contact, not the board.

Categories:

Benefits, LTD, News

Tags:

ETFO, OTIP

Files

Toronto Elementary - ETFO LTD Plan Revision Cov Term Memo (PDF)
Download
ETFO ETT LTD Termination Form 03 2018 EN (PDF)
Download
Share