Page 17 - 2018 Sulzer (Pumps Equipment) New Hire Guide

Sulzer

Disability

Sulzer provides you short term and long term disability.

Short Term Disability (STD)

At no cost to you, our company-paid short term disability (STD) 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 60% of your salary up to a maximum of
$1,500 per week
Cost Sulzer pays
Waiting Period 0 days for accident/hospitalization
7 days for illness
Duration Up to 26 weeks for accident/
hospitalization
Up to 25 weeks for illness

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

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