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Disability
Chesapeake provides the following company-paid disability benefits
through Prudential:
Short-Term Disability Long-Term Disability
The short-term disability benefit is When eligible, you will receive 60% of
provided to you at no cost. There is a base salary up to $20,000 per month;
zero-day waiting period for injuries and there is a 180-calendar-day waiting
maternity leave, and a five-day waiting period. You have two options for long-
period for illness. If you are eligible you term disability.
will receive your first six weeks of Taxable option (default)
short-term disability protection at 100% Chesapeake pays the entire premium,
of your base salary. If your disability which is not considered taxable income.
exceeds six weeks you will receive If you become disabled and qualify for
an additional 14 weeks of short-term long-term disability, it will be treated as
disability protection at 80% of your base taxable income.
salary and then six weeks at 60% of your
base salary until transitioning to long- Nontaxable option
term disability (when eligible). Chesapeake makes the same
contribution for the premium as for the
taxable option.
You make a small contribution to the
premium. Chesapeake’s contribution is
taxable income. If you become disabled
and qualify for long-term disability, it will
not be treated as taxable income.
20 2018 ToTal RewaRds Guide
