Page 20 - 2016 Open Enrollment
P. 20
Open
Enrollment
Disability Beneits
Short Term Disability STD Schedule of Beneits Based on Length of
Short-Term Disability (STD) provides you with a percentage of your weekly Service
income while you are out of work following a non-work related accident or Number of Weeks
illness. DAN ofers a STD plan at no cost to you. Those eligible will receive Years of Service Covered (includes
eliminaion period)
an STD beneit equal to 100% of their weekly earnings and are eligible to Less than 1 year 4 weeks
receive this beneit for up to 26 weeks based on length of service. Your
STD beneit is ofset by any FMLA or state mandated disability beneits 1 year but less than 2 8 weeks
received. See the STD schedule of Beneits chart for addiional details. 2 years but less than 3 12 weeks
3 years but less than 4 16 weeks
NEW in 2016 The 7 day eliminaion period will now be company paid. 4 years but less than 5 20 weeks
5 years or more 26 weeks
Long Term Disability
Long-Term Disability (LTD) protects your income by providing you with Long Term Disability Example
a percentage of your income while you are disabled. DAN provides an Opion Opion
LTD beneit at no cost to you. In the event of an illness or accident that A— B—
requires a lengthy recovery, you may be eligible for a tax-free beneit Company Employee
Paid LTD
Paid LTD
equal to 60% of your monthly salary up to a new maximum of $20,000
per month. You are eligible to receive this beneit unil you reach Social Employee Salary $50,000; tax bracket:
25%
Security Normal Reirement Age. Please keep in mind, this beneit is ofset Annual Premium $690 $690
by any other beneits received.
Employee $0 $690
You have the opion of paying 100% of the LTD premium now. This tax Contribuion $690 $0
Employer Cost
advantaged feature will provide you with an addiional annual beneit if
you become disabled. Employee Consideraions:
Beneits taxable? Yes No
Annual Net Beneit $22,500 $30,000
Addiional Annual $0 $7,500
Beneit Provided at
Time of Disability
When scheduling a short term
disability leave please remember you
must notify your Human Resources
Department within 30 days of your
disability effective date.
20
Enrollment
Disability Beneits
Short Term Disability STD Schedule of Beneits Based on Length of
Short-Term Disability (STD) provides you with a percentage of your weekly Service
income while you are out of work following a non-work related accident or Number of Weeks
illness. DAN ofers a STD plan at no cost to you. Those eligible will receive Years of Service Covered (includes
eliminaion period)
an STD beneit equal to 100% of their weekly earnings and are eligible to Less than 1 year 4 weeks
receive this beneit for up to 26 weeks based on length of service. Your
STD beneit is ofset by any FMLA or state mandated disability beneits 1 year but less than 2 8 weeks
received. See the STD schedule of Beneits chart for addiional details. 2 years but less than 3 12 weeks
3 years but less than 4 16 weeks
NEW in 2016 The 7 day eliminaion period will now be company paid. 4 years but less than 5 20 weeks
5 years or more 26 weeks
Long Term Disability
Long-Term Disability (LTD) protects your income by providing you with Long Term Disability Example
a percentage of your income while you are disabled. DAN provides an Opion Opion
LTD beneit at no cost to you. In the event of an illness or accident that A— B—
requires a lengthy recovery, you may be eligible for a tax-free beneit Company Employee
Paid LTD
Paid LTD
equal to 60% of your monthly salary up to a new maximum of $20,000
per month. You are eligible to receive this beneit unil you reach Social Employee Salary $50,000; tax bracket:
25%
Security Normal Reirement Age. Please keep in mind, this beneit is ofset Annual Premium $690 $690
by any other beneits received.
Employee $0 $690
You have the opion of paying 100% of the LTD premium now. This tax Contribuion $690 $0
Employer Cost
advantaged feature will provide you with an addiional annual beneit if
you become disabled. Employee Consideraions:
Beneits taxable? Yes No
Annual Net Beneit $22,500 $30,000
Addiional Annual $0 $7,500
Beneit Provided at
Time of Disability
When scheduling a short term
disability leave please remember you
must notify your Human Resources
Department within 30 days of your
disability effective date.
20
