The Company provides eligible Team Members with a Long Term Disability Insurance Benefit. The Company pays 100% of the cost of this benefit. The following is a summary of the benefits provided under this plan:
| Your Benefits At a Glance |
When benefits begin |
Benefits begin after you have been disabled for 3 months. This is called the elimination period. It may be satisfied with days of total and/or partial disability.
If you recover and return to work full-time for 30 days or less during the elimination period, and your disability recurs, you do not have to satisfy a new elimination period for the recurring disability. The elimination period resumes where it stopped if you become disabled again from the same or related cause. However, the period of recovery does not count toward fulfillment of the elimination period. |
Benefit Amount |
If you are unable to work, your benefit equals 60% of your monthly pre-disability earnings, up to a maximum of $10,000 per month. This amount may be reduced by other income sources. |
Length of Benefit Payments |
If the disability results in your not being able to perform the duties of any occupation for which you are qualified by education, training or experience, the benefits will be payable until you reach your Social Security Normal Retirement Age.
If the disability results in your not being able to perform the duties of your own occupation, the benefit payments will be limited to 24 months.
|
Note: This insurance does not have a cash value, and it cannot be converted to an individual policy upon separation of employment.
Long Term Disability Documents:
Evidence Of Insurability Form (EOI)
LTD Claim Form – Physician
LTD Claim Form – Employee
|
