Short Term Disability Benefits Policy
This section provides a summary of the STD Benefits Policy in effect as of January 1, 2017.
Marsh & McLennan Companies, Inc. provides salary continuation through the Short Term Disability (STD) Payroll Policy. Under the STD Payroll Policy, an employee may receive replacement income for a period of up to 26 weeks for a qualifying serious health condition.
STD Benefits are available to eligible employees based on a percentage of their base salary for a period of up twenty-six weeks for an absence due to a qualifying serious health condition. Coverage under the STD Benefits Policy automatically begins on the date an eligible employee meets the eligibility requirements.
The STD Payroll Policy is not governed by the Employee Retirement Income Security Act of 1974 (ERISA). For example, ERISA requirements such as providing a Summary Plan Description, filing an annual report (Form 5500 Series), or making a summary annual report available do not apply to the STD Payroll Policy.
To the extent that the Administrative Information section of the Benefits Handbook refers to a Summary Plan Description, for purposes of this STD Payroll Policy that term should be replaced with the term STD Benefits Policy. Additionally, to the extent that the terms of this section conflict with the terms in the Administrative Information section, an employee's rights will always be determined under the provisions of this STD Payroll Policy and the STD Benefits Policy's administrative rules.