Benefits Handbook

Your payments under the Basic Long Term Disability Plan will begin after 26 weeks of an approved disability. Prior to this time, you may be able to receive benefit payments from:

However, there are exceptions to the normal payment period if:

The total combined amount received from the Basic Long Term Disability Plan, the Optional Long Term Disability Plan*, rehabilitative or other employment, another employer's disability plan and any other income received as a result of your disability cannot be more than 100% of your monthly pre-disability earnings.

The benefit payment amount is calculated by multiplying your monthly pre-disability earnings times 40%*. For example, if your monthly pre-disability earnings is $10,000 ($120,000 per year), your monthly benefit payment amount would be: $10,000 × 40% = $4,000 monthly benefit payment.

Your benefit payment may be reduced by other disability income benefits (as described in "Other Sources of Disability Benefits") and federal tax withholding.

Benefits are paid by the Claims Administrator monthly by the end of the month that benefits are due, by either check or direct deposit to a bank account you designate. Your first long term disability payment will be provided after you have been approved for disability by the Claims Administrator, no earlier than the end of the month that benefits are due. If you elect to receive your benefit payment by check, your benefit payment will be mailed to your home address.

You will receive separate benefit payments for the Basic Long Term Disability Plan benefit and the Optional Long Term Disability Plan benefit, if you participate in Optional Long Term Disability*. Additionally, you may receive up to one additional benefit payment if your eligible pre-disability earnings exceed the IRS Compensation Limit under Section 401(a)(17).

Your payments will end on the first of the following to occur:

There are exceptions to the normal payment period if:

If you become disabled on, or after, age 62, benefits will be paid according to this schedule (based on your age at the time you became disabled):

You cannot assign, pledge, borrow against or otherwise promise any benefit payable under the Benefits Program before you receive that benefit. In addition, your interest in the program is not subject to the claims of creditors.