Also just to add the company can not refill this position until 6mth to a year after it was eliminated. Therefore there will be more work for the others in the department to go around.some1not wrote: ↑ The way corporations get around this is by eliminating the position. Therefore the person holding that position would be no longer employed. Of coarse the employee would have some sort of severance depending on the length of employment. I have seen this done at a company I use to work for more than once.
I am asking because someone I know was part of a team that conducted a payroll audit at her employment and a few are on LTD like for almost a decade.angryaudifanatic wrote: ↑ Yes, without a doubt, but it's a nightmare.
LTD is part of a group insurance plan provided by the employer.alanbrenton wrote: ↑ I am asking because someone I know was part of a team that conducted a payroll audit at her employment and a few are on LTD like for almost a decade.
Isn't the insurance company going to pay LTD as long as the employee is eligible even if the employee will have been terminated? I mean who is coming back to work after 10 years? That pension if a DBP could be massive.
Nope thats not how it works.
Correct, the LTD is already in affect and the length is predetermined by the plan in place, which could be 2yrs or up to retirement.bhushh009 wrote: ↑ Nope thats not how it works.
If employee is on LTD for more than 2 years then employer had legally right to terminate employment under the term "Frustration by employment contract" without affecting LTD payment. By that time insurer already decided that employee wont be able to do any other jobs because of disability so payment should continue.
