Page 12 - Column Five EE Guide 12-19 -California

BENEFITS

Disability Insurance Retirement Planning

If you are unable to work due to an illness or injury, Guideline | 401(k) Safe Harbor Plan
disability provides a source of income to meet your You are encouraged to participate in Column Five Media’s 401(k)
needs. Disability insurance provides benefits that plan. This plan allows you to fund your retirement with pre-tax
replace part of your lost income when you become dollars. If you are 50 years old or older during the plan year, you may
unable to work due to a covered injury or illness. contribute a catch-up deferral.

401(k) IRS Maximums 2019 2020
California State Disability (SDI)
If you experience a Short Term Disability claim, Elective Deferral $19,000 $19,000
you are eligible for benefits provided by the Catch-Up Deferral (Age 50+) $6,000 $6,000
state. California State Disability Insurance (SDI)
is a partial wage-replacement insurance plan for
California workers. The SDI program is state-
mandated and funded through employee
payroll deductions. SDI provides short term Column Five Media will match 100% of your employee contributions
benefits to eligible workers who suffer a loss of up to the first 3% of pay, then 50% of your employee contributions
wages when they are unable to work due to a on the next 2% of pay:
non-work-related illness or injury, pregnancy, or
childbirth. For more information on eligibility,
benefit amounts, and instructions on how to file Company
a claim for the SDI program please visit the EDD Contribution Company Match Equivalent
website at www.edd.ca.gov.
Up to 3% of Salary 100% of Contribution 3%

4% +50% of the Additional 1% 3.50%

Guardian | Long Term Disability 5% +50% of the Additional 2% 4%

This coverage is provided by Column Five 6% +50% of the Additional 3% 4.50%
Media at no cost to you
Column Five Media offers you Long Term Disability 7% +50% of the Additional 4% 5%
(LTD) to provide income replacement if you
become disabled for an extended period of time.

Long Term Disability Benefit

Benefit Percentage 60%
Monthly Benefit $6,500
Maximum

When Benefit Begin 91st Day
To Social Security
Maximum Benefit
Normal Retirement
Duration
Age

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