Page 93 - Benefits Summary 2018-2019
P. 93

Premium Worksheet
          Voluntary Group Short Term Disability





                                               Hercules Real Estate Services, Inc.

                                     Scheduled Benefit:
                                                              750



         To calculate your bi-weekly payroll deduction, use the formula indicated below:    Age  Rate per $10
         (Round all numbers to the nearest whole number)
                                                                                                  benefit
                                                                                                    .58
                    Weekly Earnings              750
                                                                                                    .58
           Multiply                                                                                 .58
                                                                                                    .58
                                                                                                    .58
                                                                                                    .58
           Multiply                                                                                 .58
                                                                                                    .58
                                                                                                    .58
           Divide                                                                                   .58
                                                                                                    .58
           Multiply                            Divide




         Example Calculation:  Jane Smith is Age 35.
                    Weekly Earnings              750


           Multiply

                                                                         .58
           Multiply
                                                                     208.80

           Divide
                                                                       20.88

           Multiply                            Divide
                                                                        9.64
















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