AGO 1989-012.
Case Date | February 10, 1989 |
Court | Kansas |
"Such plan may provide that any amount which a member receives as a social security benefit or a disability benefit from any source by reason of employment including, but not limited, [sic] to workman's compensation benefits may be deducted from the amount of insured disability benefit payments under such plan. . . ." K.S.A. 1988 Supp. 74-4927(1)(b). (Emphasis added).KPERS has adopted a long-term disability plan funded by disability insurance issued by Security Benefit Life Insurance Company (SBL). Under the heading "Disability Income Benefits," the policy states as follows:
"The Disability Income Benefit shall be 65% of the Member's Current Annual Rate of Compensation on the date such disability commenced, payable in equal monthly installments, reduced by the Social Security primary disability or retirement benefit, one-half of the Worker's Compensation benefit, and by any other disability benefit from any other source by reason of employment, subject to a minimum disability benefit of $100.00 per month." (Emphasis added).The...
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