Long-term disability plan at a glance
What the plan covers
If a disability keeps you away from work for longer than six months, the LTD Plan will provide you with a regular income. Under the terms of the LTD Plan, you will receive a monthly non-taxable disability income equal to:
- 60% of first $3,000 of covered monthly earnings, plus
- 45% of the balance of covered monthly earnings.
The maximum monthly benefit payable is $5,325, subject to plan restrictions.
Who the plan covers
Who pays for coverage
You pay the full cost.
Note: because you pay the full cost, any benefits from the plan are paid tax-free.
If you leave McGill before retirement
If you die
If you retire from McGill