Disability Benefits
Long Term Disability – 100% Employer Paid
LTD provides income protection in the event that you are unable to work due to illness, injury or accident for an extended period of time.
Execs, Directors |
Supervisors |
All Active Full and Part Time Employees (20 Hours) |
|
|---|---|---|---|
Benefit Amount |
60% |
60% |
50% |
Elimination Period |
90 Days |
90 Days |
90 Days |
Maximum Monthly Benefit |
$12,000 |
$5,000 |
$5,000 |
Maximum Benefit Duration |
SSRA |
SSRA |
SSRA |
Benefit Duration |
|||
|---|---|---|---|
Age on Date |
Duration |
Age on Date |
Duration |
65 |
To age 65 |
65 |
24 months |
60 |
60 months |
66 |
21 months |
61 |
48 months |
67 |
18 months |
62 |
42 months |
68 |
15 months |
63 |
36 months |
69 and over |
12 months |
64 |
30 months |
Short Term Disability – 100% Employer Paid
STD insurance is a “paycheck” protection and pays a portion of your salary if you become temporarily disabled for a period of weeks from a non-work-related injury or sickness, then disability income benefits are provided as a source of income. The purpose of this insurance is to provide you with a salary or wage replacement that would protect you in the short term.
Execs, Directors |
Supervisors |
All Active Full and Part Time Employees (20 Hours) |
|
|---|---|---|---|
Benefit Amount |
60% |
60% |
50% |
Elimination Period |
Accident -7 days / Sickness -7 days |
Accident -7 days / Sickness -7 days |
Accident -7 days / Sickness -7 days |
Maximum Weekly Benefit |
$3,000 |
$1,250 |
$1,250 |
Weekly Minimum*: |
Greater of $25 and 10% |
Greater of $25 and 10% |
Greater of $25 and 10% |
Maximum Benefit Duration |
12 weeks |
12 weeks |
12 weeks |
*The minimum weekly benefit is subject to overpayment situations and any applicable rehabilitation incentives. |