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- you have not chosen to receive them but they would
not reduce the normal retirement benefit under the
retirement plan sponsored by your participating
employer.
Other Sources
If you are eligible to receive any salary, wages,
partnership or proprietorship draw, commissions, or similar
pay from any work you do, we will not consider such income
for the 12 consecutive months starting on the day you become
entitled to it, as long as the sum of:
- the income described above,
- the Schedule Amount, and
- benefits from any source described in Other Sources,
is not more than 100% of your monthly pay. If the sum
is more than 100% of your monthly pay, we will subtract
the amount over 100% from the Schedule Amount when
determining your benefit under the policy.
After 12 months, we will consider 70% of the amount
determined after reducing any salary, wages, partnership or
proprietorship draw, commissions or similar pay you earn
from any work you do, by any family care expense, or
Any group disability insurance contract, except one
sponsored by the participating employer, or an affiliated
employer.
As a result of degenerative disk disease of the spine and
permanent nerve damage, petitioner ceased working at Memorial
Hospital in September of 1999. Due to her illness, petitioner
was prevented from engaging in any gainful employment after 1999.
During taxable year 2000, petitioner received disability benefits
under the Fortis policy in the amount of $9,481.
The Fortis Co. sent to petitioner and respondent a Form W-2,
Wage and Tax Statement, for taxable year 2000 reflecting wages,
tips, and other compensation paid to petitioner in the amount of
$9,481.
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Last modified: May 25, 2011