November 20, 2013
LTD Plan Information – November 21 Deduction Update
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 accounts to TDSB payroll deduction.
The Board systems were not available to provide the necessary payroll deductions on November 7 and 21. Two double LTD premium deductions will be made by the Board on the December 5 pay date and December 19 pay date.
Regular LTD deductions will commence on January 2, 2014.
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.