For many of us, the only thing more painful than a severe disability is the thought of the financial hardship one might cause. With that in mind, your MTS Pension Plan provides you with some important disability provisions.
You will continue to earn Credited Service while on a disability leave, provided you are receiving Long Term Disability benefits from MTS or a Participating Employer. You will receive a pension based on your:
- total Credited Service, including your disability leave; and
- Best Average Earnings.
If you become totally and permanently disabled after completing 10 years of Continuous Service, you can elect to retire immediately and receive an unreduced disability pension under the Plan. The pension will be calculated using the benefit formula, and based on your Best Average Earnings and Credited Service as of your disability date.
If you become partially but permanently disabled, you may retire immediately with a reduced pension.
Before receiving any payments in either case, you will have to file a certified medical report with the Plan administrator.
Disability, whether total or partial, refers to any impairment certified by a qualified medical doctor that prevents you from performing the duties of the job you were doing prior to the illness or injury.
In some cases, the Plan will even provide disability pensions to former employees. If you leave MTS for any reason other than retirement, and you subsequently become disabled, you qualify for a disability pension provided you:
- completed at least 10 years of Continuous Service while at MTS,
- elected to leave your benefit in the Plan and to receive a deferred pension, and
- file a certified medical report with the Plan administrator.
In this case, the actual benefit you receive will be based on your Best Average Earnings and Credited Service as of your termination date.