What are Long-Term Disability Benefits?
Long-Term Disability (“LTD”) benefits are payments to an individual to replace lost income in the event of an injury or sickness resulting in an inability to work. Unlike Workers’ Compensation benefits, State Disability benefits, or Social Security Disability Income benefits, LTD benefits are not required by law, nor are they provided by the government. LTD benefits are paid under special insurance policies that have been privately purchased, either by the individual on his or her own behalf, or by the individual’s employer as part of an employment benefits package.
The IWA – Forest Industry Long Term Disability (LTD) Plan provides a monthly benefit to members who are unable to work because of a continuing disability. The plan covers illness and injuries that occur both on and off the job and provides you with income while you are disabled. The LTD plan will provide support while you are recovering and, if appropriate, an active rehabilitation program tailored to your individual needs.
