October 17, 2013
LTD Plan Information – Premium Collection Change
In accordance with requirements of the ETFO Memorandum of Understanding with the Ontario Ministry of Education and the introduction of the ETFO provincial LTD plan design on November 1, 2013, LTD plan premium collection is transferring from OTIP direct withdrawal from member bank account to TDSB payroll deduction. The effective date of this method change is November 1, 2013 with the first board payroll deduction for LTD taking place on the November 7, 2013 pay date.
This change will affect all plan members except those who commenced a leave of absence (LOA) prior to November 1, 2013 and who elected to continue their LTD coverage during their LOA. As OTIP has made specific arrangements with these members for payment of the LTD premium during their LOA OTIP will continue to do this collection until the scheduled end date of the member’s LOA.