The company provides you with basic long-term disability coverage that provides a benefit of 40% of your base pay (up to $10,000 per month) if you are ill or injured and are unable to come to work. In addition, you have the option of enrolling in supplemental long-term disability (LTD) at your own expense that covers 60% of your base plus variable pay.
LTD benefits begin if you are ill or injured and unable to work once short-term disability benefits end after 13 weeks.
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Each birthday after your 60th, the length of time the LTD plan will pay a benefit is reduced as shown in the following table:
| Benefit |
Maximum Benefit Duration |
| Company Paid Basic Long-Term Disability |
Before 61st birthday: The date the 60th Monthly Benefit is payable
Age 61: The date the 48th Monthly Benefit is payable
Age 62: The date the 42nd Monthly Benefit is payable
Age 63: The date the 36th Monthly Benefit is payable.
Age 64: The date the 30th Monthly Benefit is payable.
Age 65: The date the 24th Monthly Benefit is payable.
Age 66: The date the 21st Monthly Benefit is payable.
Age 67: The date the 18th Monthly Benefit is payable.
Age 68: The date the 15th Monthly Benefit is payable.
Age 69 or older: The date the 12th Monthly Benefit is payable. |
| Supplemental Long-Term Disability |
Before 61st birthday: The date the Monthly Benefit is payable during the month in which you turn age 65
Age 61: The date the 48th Monthly Benefit is payable
Age 62: The date the 42nd Monthly Benefit is payable
Age 63: The date the 36th Monthly Benefit is payable.
Age 64: The date the 30th Monthly Benefit is payable.
Age 65: The date the 24th Monthly Benefit is payable.
Age 66: The date the 21st Monthly Benefit is payable.
Age 67: The date the 18th Monthly Benefit is payable.
Age 68: The date the 15th Monthly Benefit is payable.
Age 69 or older: The date the 12th Monthly Benefit is payable. |