HR Policies: 6.8.12
Long Term Disability Plan (LTD)
Subject: Providing Benefits
Number: 6.8.12
Issued: 3/1/82
Revised: 6/30/98
Purpose
This plan provides income protection in the event of a long-term
disability.
Description
In the event that a disability continues beyond six consecutive
months, all covered staff may be eligible for benefits under
this plan. The benefit is equal to at least 60 percent of the staff
member's basic monthly salary at the time the disability began less
Social Security, Workers' Compensation, or any other group disability
or employer contributory retirement benefits.
Enrollment
Participation in the plan is a condition of employment for eligible
staff
General Provisions after Approval
Retirement Plan Benefits
The staff member's retirement benefits will continue to accrue during
the period of disability at no cost to the staff member.
Group Life Insurance
Group Life Insurance, both basic and, if the staff member is enrolled,
supplemental and dependent will be continued at the predisability
face value of the policy at no cost to the staff member.
Health Insurance
Endowed staff may continue their Group Health Insurance by
paying any staff member share of the cost required.
Statutory and Cooperative Extension staff who are participants in the Long Term Disability Plan may continue their State Health Insurance Plan by paying the full cost.
Disclaimer
While every attempt has been made to ensure the accuracy of the
above summary, the legal documents, policies, or certificates pertaining
to this benefit prevail in the event of any discrepancy. This description
does not constitute a legal document.
Refer to the plan summary booklet, or contact the local hr representative or designee, or Benefit Services (607) 255-3936 in the Office of Human Resources for more information