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You have the option to enroll in the Group Long-Term Disability Insurance Plan.
It provides a monthly income to you if you suffer a Total Disability resulting
from an accident or illness. You and the College share the premium cost of this
benefit based on your annual salary. The College pays all the expense of coverage
associated with the first $7,200 of your annual salary.
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Eligibility
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All benefits-eligible employees
may apply for group long-term disability insurance. You are eligible to
apply and become insured on your first day of employment. If you do not
apply within 31 days of the date you are first eligible, you will need to
submit a Statement of Health Form for consideration and approval. The insurance
carrier may decline to extend coverage to late enrollees. |
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Cost
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When you enroll in the plan, the
Human Resources Administrator will inform you of your cost. Your share is
automatically deducted from your paycheck on an after-tax basis. |
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Qualifying for a Benefit
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Benefit payments will begin on the first day of the month after three
months of continuous total disability unless you are still receiving wages
from the College. If so, your disability benefits will be payable after
the month in which you received your last wages.
Total Disability means that you:
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are continuously unable, for the
first 39 months of the disability, to perform your normal occupation; |
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are continuously unable, after
the first 39 months of the disability, to perform any gainful occupation
for which you are reasonably suited by education, training or experience. |
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You will not be paid for benefits
if your disability is caused by a self-inflicted injury, your commission
of or attempt to commit a crime, or war. Also, you may not be eligible to
receive a benefit if your disability is due to certain physical conditions
which existed before you were covered by this Plan. |
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Benefit
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The monthly benefit is calculated as 60% of your base monthly wage not
to exceed a benefit of $4,000 per month. This amount is reduced by the
amount of any other monthly benefits you may be receiving, such as Worker's
Compensation or Social Security.
Monthly disability payments will continue until you are no longer disabled,
or until you reach certain age limits. Please see your LTD insurance certificate
for details.
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Survivor Benefit
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Under certain conditions, if you
die while receiving disability income under this Plan, your beneficiary
may be eligible to receive continuing payments. These payments would equal
the monthly income benefit you received in the month you died, and could
continue for up to six months after your death, if you had been totally
disabled for at least twelve months. |
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When Coverage Ends
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Your coverage ends on the date the
policy terminates, the date you are no longer eligible or when you are no
longer actively at work. You will not remain covered by the policy if you
do not make the required contributions. Check with the Human Resources Administrator
to determine when your coverage ends if you are not actively at work because
of a leave of absence or a total disability. |
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