Page 24 - 2022 Benefits Resource Guide

Disability benefits, cont.

Your income replacement benefit is based on your rate of pay as of the
last day you worked before you became disabled and will remain the
same during your disability. You are required to use your available sick
leave, personal days, and/or vacation leave to cover your STD waiting
period. You may only use unpaid leave if you have no other paid leave
type available (see the Employee Handbook of Policies and Procedures).
While you are on STD leave, your sick leave, vacation leave, and
personal days continue to accrue.

The STD claims process is managed by an outside, third party
administrator. You are required to provide verification of your illness or
injury to the administrator at the beginning of your disability absence.
The administrator may also request verification during your absence.
Upon your return from disability leave, you must provide to Human
Resources a written medical release from your physician, which may also
describe any applicable work limitations.

Benefit premiums while on short-term disability
While you are on STD leave, Texas Mutual will continue to pay its portion
of the premium for your medical and dental insurance, group life
insurance, and short and long-term disability insurance. You are
responsible for paying your portion of premiums for medical, dental,
and the premiums for any optional benefits you have elected. While you
are receiving STD benefits, your retirement plan contributions (both
yours and TXM’s) cease until your return. Upon your return to work,
Workday calculates any benefit premiums that were paid by TXM on
your behalf during your absence and deducts the premiums from future
pay period(s).

Long-term disability
The long-term disability (LTD) plan provides income replacement if you
are absent because of a non-occupational illness or injury. Income
replacement begins after 90 calendar days of disability. Your income
replacement is based on your rate of pay as of your last day of work
prior to your disability date. The monthly benefit amount appears in the
below table.

Long-term disability benefit

Benefit Coverage
Monthly Benefit Amount 60%
Maximum Monthly Benefit Amount $10,000

Minimum Monthly Benefit $100
Waiting Period 90 days
LTD benefits are paid if you are unable to perform the material duties of
your own occupation for the first 24 months of disability. If after that time
you are unable to perform the material duties of any occupation, your
benefits may continue to the maximum benefit period (Social Security
normal retirement age).

While you are on LTD leave, your sick leave, vacation leave, and personal
days continue to accrue.

Employee Benefits Guide 21