Pension continuance insurance continues pension contributions made by the employer of up to 15 percent of a participant’s salary in the event that a participant becomes disabled and is unable to work. The RPB provides pension continuance insurance as a free benefit to plan participants who are receiving long-term disability insurance benefits through the RPB and who were receiving pension contributions at the time of disability. The participant must meet the qualifications of the insurer’s (MetLife’s) definition of disability. Pension continuance contributions would commence after a 180-day waiting period.
Please see the full explanation of Pension Continuance benefits by clicking on the appropriate PDF below: