Page 14 - 2017 Benefits Enrollment
P. 14
Annual
Enrollment
Disability Beneits
Short Term Disability STD Schedule of Beneits Based on Length
of Service
Short-Term Disability (STD) provides you with a percentage of your weekly Number of
income while you are out of work following a non-work related accident or Weeks Covered
illness. DAN ofers a STD plan at no cost to you. Those eligible will receive an Years of Service (includes
STD beneit equal to 100% of their weekly earnings and are eligible to receive eliminaion
this beneit for up to 26 weeks based on length of service. Your STD beneit period)
is ofset by any FMLA or state mandated disability beneits received. See the Less than 1 year 4 weeks
STD schedule of Beneits chart for addiional details. The 7 day eliminaion 1 year but less than 2 8 weeks
period is company paid. 2 years but less than 3 12 weeks
3 years but less than 4 16 weeks
Long Term Disability 4 years but less than 5 20 weeks
Long-Term Disability (LTD) protects your income by providing you with a 5 years or more 26 weeks
percentage of your income while you are disabled. DAN provides an LTD
beneit at no cost to you. In the event of an illness or accident that requires Long Term Disability Example
a lengthy recovery, you may be eligible for a tax-free beneit equal to 60% of Opion Opion
your monthly salary up to a maximum of $20,000 per month. You are eligible A— B—
to receive this beneit unil you reach Social Security Normal Reirement Age. Company Employee
Please keep in mind, this beneit is ofset by any other beneits received. Paid LTD Paid LTD
Employee $50,000; tax bracket:
You have the opion of paying 100% of the LTD premium now. This tax Salary 25%
advantaged feature will provide you with an addiional annual beneit if you Annual $690 $690
Premium
become disabled.
Employee $0 $690
Contribuion
Employer Cost $690 $0
Employee Consideraions:
Beneits Yes No
taxable?
Annual Net $22,500 $30,000
Beneit
Addiional $0 $7,500
Annual Beneit
Provided
at Time of
Disability
When scheduling a short
term disability leave please
remember you must noify your
HR Business Partner within 30
days of your disability efecive
date.
14
Enrollment
Disability Beneits
Short Term Disability STD Schedule of Beneits Based on Length
of Service
Short-Term Disability (STD) provides you with a percentage of your weekly Number of
income while you are out of work following a non-work related accident or Weeks Covered
illness. DAN ofers a STD plan at no cost to you. Those eligible will receive an Years of Service (includes
STD beneit equal to 100% of their weekly earnings and are eligible to receive eliminaion
this beneit for up to 26 weeks based on length of service. Your STD beneit period)
is ofset by any FMLA or state mandated disability beneits received. See the Less than 1 year 4 weeks
STD schedule of Beneits chart for addiional details. The 7 day eliminaion 1 year but less than 2 8 weeks
period is company paid. 2 years but less than 3 12 weeks
3 years but less than 4 16 weeks
Long Term Disability 4 years but less than 5 20 weeks
Long-Term Disability (LTD) protects your income by providing you with a 5 years or more 26 weeks
percentage of your income while you are disabled. DAN provides an LTD
beneit at no cost to you. In the event of an illness or accident that requires Long Term Disability Example
a lengthy recovery, you may be eligible for a tax-free beneit equal to 60% of Opion Opion
your monthly salary up to a maximum of $20,000 per month. You are eligible A— B—
to receive this beneit unil you reach Social Security Normal Reirement Age. Company Employee
Please keep in mind, this beneit is ofset by any other beneits received. Paid LTD Paid LTD
Employee $50,000; tax bracket:
You have the opion of paying 100% of the LTD premium now. This tax Salary 25%
advantaged feature will provide you with an addiional annual beneit if you Annual $690 $690
Premium
become disabled.
Employee $0 $690
Contribuion
Employer Cost $690 $0
Employee Consideraions:
Beneits Yes No
taxable?
Annual Net $22,500 $30,000
Beneit
Addiional $0 $7,500
Annual Beneit
Provided
at Time of
Disability
When scheduling a short
term disability leave please
remember you must noify your
HR Business Partner within 30
days of your disability efecive
date.
14
