Did you know that the TWU Long Term Disability policy rates are almost cut in half at age 50 with 15 credited years of service? In fact, there have been around 98 TWU Local 514 members who were over charged on their LTD premiums from July 2008 through July 2009 due to a payroll error. So, if you turned 50 and had 15 years of credited service or were over 50 and attained 15 years of credited service during this period you may have a refund coming to you. Check your pay stubs during that time and if you believe you have been over charged contact Mary Gorremans.
The LTD premium for those under 50 and those who have less than 15 credited years of service is around two hours pay a month or one hour pay every paycheck and is reduced to about one hours pay a month at age 50 with 15 credited years of service. The benefit pays 50% of your gross wages up to 24 months if you are disabled from your job and will continue after 24 months if you become disabled from any job. The LTD policy also has a supplemental pension for retirement while you are collecting the benefits.