Page 16 - 2018 Sulzer (US Holding) Benefit Guide
P. 16
Disability STD Beneits At-a-Glance
Cigna
Sulzer provides you short term
and long term disability. Beneit Amount See chart
Cost Sulzer pays
Short Term Disability (STD) Waiting Period 0 days for accident/hospitalization
7 days for illness
At no cost to you, our company- Duration Up to 26 weeks for accident/
hospitalization
paid short term disability (STD) Up to 25 weeks for illness
coverage provides you with
a percentage of your weekly STD Salary Beneit Amount
income while you are out of work Years of Service Months at 100%/50%
following a non-work related <1 60% to $1,000
1–2
1/5
accident or illness. 2–4 2/4
4–6 3/3
6–8 4/2
8–10 5/1
10+ 6/0
Long Term Disability (LTD)
Our long term disability (LTD) coverage protects your family by
providing you with a percentage of your monthly income while you are
disabled for a longer period than STD 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 a maximum of
$10,000 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
Cigna
Sulzer provides you short term
and long term disability. Beneit Amount See chart
Cost Sulzer pays
Short Term Disability (STD) Waiting Period 0 days for accident/hospitalization
7 days for illness
At no cost to you, our company- Duration Up to 26 weeks for accident/
hospitalization
paid short term disability (STD) Up to 25 weeks for illness
coverage provides you with
a percentage of your weekly STD Salary Beneit Amount
income while you are out of work Years of Service Months at 100%/50%
following a non-work related <1 60% to $1,000
1–2
1/5
accident or illness. 2–4 2/4
4–6 3/3
6–8 4/2
8–10 5/1
10+ 6/0
Long Term Disability (LTD)
Our long term disability (LTD) coverage protects your family by
providing you with a percentage of your monthly income while you are
disabled for a longer period than STD 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 a maximum of
$10,000 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
