Page 17 - 2016 ACProducts Non-Union
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ACProducts
Voluntary Long Term
Disability
Long Term Disability (LTD) protects you and your loved ones
by providing you with a percentage of your income while you are
disabled. ACPI offers a voluntary LTD plan through Prudential.
Should you choose to enroll, ACPI will pay a portion of the cost for
your LTD coverage. This will enable those eligible to receive a beneit
equal to 66.67 percent of your monthly salary, up to a maximum of
$10,000 per month. Those eligible will continue to receive an LTD
beneit until they reach Social Security Normal Retirement Age. Your
current LTD coverage will rollover to next year unless you make
changes during Open Enrollment.
You have 30 days from your date of hire to elect this beneit;
otherwise, you are considered a late entrant. If you are a late entrant,
you must complete evidence of insurability subject to approval
from Prudential. Please request the EOI application from Human
Resources. You will not be covered by the Long Term Disability
plan until approved. The premium you’re charged for this coverage
changes as your annual base salary changes.
LTD Payment Example
Your cost for LTD coverage is $0.228 per $100 of monthly covered
payroll. If your monthly salary is $4,000 then your LTD cost
is ($4,000/100) x 0.228 = $9.12 of monthly premium.
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Voluntary Long Term
Disability
Long Term Disability (LTD) protects you and your loved ones
by providing you with a percentage of your income while you are
disabled. ACPI offers a voluntary LTD plan through Prudential.
Should you choose to enroll, ACPI will pay a portion of the cost for
your LTD coverage. This will enable those eligible to receive a beneit
equal to 66.67 percent of your monthly salary, up to a maximum of
$10,000 per month. Those eligible will continue to receive an LTD
beneit until they reach Social Security Normal Retirement Age. Your
current LTD coverage will rollover to next year unless you make
changes during Open Enrollment.
You have 30 days from your date of hire to elect this beneit;
otherwise, you are considered a late entrant. If you are a late entrant,
you must complete evidence of insurability subject to approval
from Prudential. Please request the EOI application from Human
Resources. You will not be covered by the Long Term Disability
plan until approved. The premium you’re charged for this coverage
changes as your annual base salary changes.
LTD Payment Example
Your cost for LTD coverage is $0.228 per $100 of monthly covered
payroll. If your monthly salary is $4,000 then your LTD cost
is ($4,000/100) x 0.228 = $9.12 of monthly premium.
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