Page 17 - McLarty 2017-2018 Benefits Booklet

DISABILITY FROM GUARDIAN

100% Employer-paid Long Term Disability (LTD)

All benefit eligible employees receive this benefit. You will be eligible to receive a monthly LTD benefit if you meet
the definition of a disability. LTD benefits begin after 90 consecutive days of disability, and are equivalent to 60%
of your monthly earnings to $5,000. The maximum duration for receiving LTD benefits is to age 65 or your Social
Security normal retirement age.

Voluntary Short Term Disability (STD)

We recognize the hardship a non-work related injury or illness resulting in lost time from work can have for
you and your family. In order to have protection for lost income due to an extended absence from work, you
are offered Voluntary Short Term Disability.

Highlights:
• You have the ability to purchase STD insurance to cover the first 90 days of disability until LTD kicks in.
• The benefit starts on the 8th day of disability and covers 60% of your salary to maximum of $1,000 per week for 13
weeks.
• Review pre-existing condition clause.
Monthly Cost Illustration:

<39 40-49 50-59 60+

$20,000 Annual Salary ($231 weekly benefit) $10.72 $11.76 $20.01 $25.64
$25,000 Annual Salary ($288 weekly benefit) $13.36 $14.66 $24.94 $31.97

$30,000 Annual Salary ($346 weekly benefit) $16.05 $17.61 $29.96 $38.41
$35,000 Annual Salary ($404 weekly benefit) $18.75 $20.56 $34.99 $44.84

$40,000 Annual Salary ($462 weekly benefit) $21.44 $23.52 $40.01 $51.28

$45,000 Annual Salary ($519 weekly benefit) $24.08 $26.42 $44.95 $57.61
$50,000 Annual Salary ($577 weekly benefit) $26.77 $29.37 $49.97 $64.05

$55,000 Annual Salary ($635 weekly benefit) $29.46 $32.32 $54.49 $70.49
$60,000 Annual Salary ($692 weekly benefit) $32.11 $35.22 $59.93 $76.81

$65,000 Annual Salary ($750 weekly benefit) $34.80 $38.18 $64.95 $83.25
$70,000 Annual Salary ($808 weekly benefit) $37.49 $41.13 $69.97 $89.69

$75,000 Annual Salary ($865 weekly benefit) $40.14 $44.03 $74.91 $96.02

$80,000 Annual Salary ($923 weekly benefit) $42.83 $46.98 $79.93 $102.45
$85,000 Annual Salary ($981 weekly benefit) $45.52 $49.93 $84.96 $108.89

≥$90,000 Annual Salary ($1000 weekly benefit) $46.40 $50.90 $86.60 $111.00

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