Page 16 - 2018 Sulzer (Chemtech Mixpac) Benefit Guide
P. 16
Disability
Sulzer provides, at no cost to you, short term and long term disability.
Short Term Disability (STD)
Our company-paid short term disability coverage provides you with a percentage
of your weekly income while you are out of work following a non-work related
accident or illness.
STD Beneits At-a-Glance
Cigna
Beneit Amount See table below
Cost Sulzer pays
Waiting Period 7 days for accident/hospitalization
7 days for illness
Duration Up to 26 weeks for accident/hospitalization
Up to 25 weeks for illness
STD Beneit Amount
Hours Paid at % of Basic Weekly Earnings
Hire Date 100% 66%
7/2/11 0 hours 1,040 hours
1/1/11 80 hours 960 hours
1/1/09 160 hours 880 hours
1/1/07 320 hours 720 hours
1/1/02 480 hours 560 hours
1/1/97 640 hours 400 hours
1/1/92 800 hours 240 hours
Pre-1992 1,040 hours 0 hours
Long Term Disability (LTD)
Our long term disability (LTD) protects your family by providing you with a
percentage of your income while you are disabled for a longer period than short
term disability would otherwise cover. You will pay 100% of the cost of your LTD
coverage. Sulzer will tax you on the cost of your LTD premium and gross up your
earnings to make you whole for the cost of the coverage. This process allows you
to receive 60% of your monthly earnings tax free in the event of your disability.
LTD Beneits At-a-Glance
Cigna
Beneit Amount 60% of your pre-disability earnings up to $10,000 maximum per month
Cost 100% paid by you with your salary grossed up to provide a tax-free
beneit
Waiting Period 180 days
Duration You will be covered for 24 months if unable to perform your own
occupation; you will be covered up to a total of 5 years if you continue
to be deemed disabled according to the plan requirements
16 2018 Benefits Enrollment
Sulzer provides, at no cost to you, short term and long term disability.
Short Term Disability (STD)
Our company-paid short term disability coverage provides you with a percentage
of your weekly income while you are out of work following a non-work related
accident or illness.
STD Beneits At-a-Glance
Cigna
Beneit Amount See table below
Cost Sulzer pays
Waiting Period 7 days for accident/hospitalization
7 days for illness
Duration Up to 26 weeks for accident/hospitalization
Up to 25 weeks for illness
STD Beneit Amount
Hours Paid at % of Basic Weekly Earnings
Hire Date 100% 66%
7/2/11 0 hours 1,040 hours
1/1/11 80 hours 960 hours
1/1/09 160 hours 880 hours
1/1/07 320 hours 720 hours
1/1/02 480 hours 560 hours
1/1/97 640 hours 400 hours
1/1/92 800 hours 240 hours
Pre-1992 1,040 hours 0 hours
Long Term Disability (LTD)
Our long term disability (LTD) protects your family by providing you with a
percentage of your income while you are disabled for a longer period than short
term disability would otherwise cover. You will pay 100% of the cost of your LTD
coverage. Sulzer will tax you on the cost of your LTD premium and gross up your
earnings to make you whole for the cost of the coverage. This process allows you
to receive 60% of your monthly earnings tax free in the event of your disability.
LTD Beneits At-a-Glance
Cigna
Beneit Amount 60% of your pre-disability earnings up to $10,000 maximum per month
Cost 100% paid by you with your salary grossed up to provide a tax-free
beneit
Waiting Period 180 days
Duration You will be covered for 24 months if unable to perform your own
occupation; you will be covered up to a total of 5 years if you continue
to be deemed disabled according to the plan requirements
16 2018 Benefits Enrollment
