Page 21 - KIPP NYC 2022 Benfits Summary

Life and Disability Benefits
These benefits are paid for entirely by KIPP NYC. You are not required to contribute to the cost of this coverage. You will be automatically enrolled when you become eligible.
NYS DBL (State-Mandated Disability)
In the event you suffer a non-work-related illness or injury that prevents you from working, this benefit provides income protection for 50% of your weekly salary, to a maximum of $170 per week.
To apply for benefits, you must be disabled for at least 7 calendar days. Benefits are payable for up to 25 weeks (the first week is unpaid), contingent upon insurance carrier approval.
Short-Term Disability
Available to employees who have worked at KIPP NYC for at least 8 months. In the event you suffer a non-work-related illness or injury that prevents you from working, this benefit provides income protection for 60% of your weekly salary.
To apply for benefits, you must be disabled for at least 7 calendar days. Benefits are payable for up to 25 weeks (the first week is unpaid), contingent upon insurance carrier approval. This benefit is offset by any other income you may receive as a result of your disability (e.g., statutory short-term disability).You are also permitted to use sick time.
Long-Term Disability
In the event you suffer a disabling illness or injury that prevents you from working, this benefit provides income protection for 60% of your monthly salary, to a monthly benefit maximum of $10,000. To apply for benefits, you must be disabled for at least 180 days. You may be eligible to receive a portion of this benefit if you become partially disabled. This benefit is offset by any other income you may receive as a result of your disability (e.g. statutory short-term disability, social security).
Basic Life Insurance
In the event of your death, your beneficiary will receive 100% your salary, up to a maximum benefit of $150,000.
You must designate a primary beneficiary for this benefit. You may designate more than one primary beneficiary or choose primary and contingent beneficiaries. It is important to review your beneficiary designation regularly to ensure it is current.
Conversion and portability are available upon termination of employment, loss of any portion of your benefit, or employment status change if you become ineligible for benefits due to an employment status change.
Benefits reduce to 65% of original amount at age 65; to 50% of original amount at age 70.
Basic Accidental Death & Dismemberment (AD&D)
In the event of your death due to an accident, your beneficiary will receive 100% of your salary, up to a maximum benefit of $150,000.
This amount is paid in addition to the life insurance benefit. If you are in an accident and are dismembered, you may be eligible to receive all or a portion of this benefit.
The beneficiary for this benefit may be the same as the one you designate for basic life insurance.
Benefits reduce to 65% of original amount at age 65; to 50% of original amount at age 70.
2022 BENEFITS SUMMARY 21