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Reso 2001-399
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Reso 2001-399
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Last modified
6/11/2013 4:45:14 PM
Creation date
1/25/2006 1:56:58 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2001-399
Date (mm/dd/yyyy)
12/13/2001
Description
– Bid 01-10-01: Jefferson Pilot Life Ins&Eye Med: Emp Dental Vision etc.
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<br />PARTIAL DISABILITY MONTHLY BENEFIT <br />(Continued) <br /> <br />1ENEFIT AMOUNT. The Partial Disability Monthly Benefit will replace the Insured Employee's Lost Income; provided it <br />does not exceed the Total Disability Monthly Benefit, which would otherwise be payable during Total Disability without the <br />Partial Disability Employment. <br /> <br />Thus, the amount of the Partial Disability Monthly Benefit will equal the lesser of A or B below, <br /> <br />A. LOST INCOME: The Insured Employee's Predisability Income, minus all Other Income Benefits <br />(including earnings from Partial Disability Employment). <br /> <br />B. TOTAL DISABILITY MONTHLY BENEFIT otherwise payable: <br />1 . The Insured Employee's Predisability Income multiplied by the Benefit Percentage <br />(limited to the Maximum Monthly Benefit); minus <br />2, Other Income Benefits, except for earnings from Partial Disability Employment. <br /> <br />The Partial Disability Monthly Benefit will never be less than the Minimum Monthly Benefit. The Benefit Percentage, <br />Maximum Monthly Benefit, Minimum Monthly Benefit, and Maximum Benefit Period are shown in the Schedule of Benefits, <br /> <br />Progressive Calculation <br /> <br />GL3001-LTD-13.4 <br /> <br />21 <br /> <br />01/01/01 <br />
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