Page 14 - Burnham Benefits Guide 2017

VOLUNTARY SHORT TERM DISABILITY INSURANCE

Burnham offers you the opportunity to purchase Voluntary Short Term Disability (STD) income replacement at discounted
group rates, through Guardian. If you experience a temporary disability, benefits begin seven days after the start of your
accident, sickness or pregnancy. There will be no coverage for any pre-existing medical condition for 3 months prior to and
the 12 months after your coverage is in effect.

California Employees

California State Disability provides a benefit up to the state set maximum. The benefit percentage for 2017 is 55% of
your pre-disability earnings and will increase to 60% in 2018. This plan pays in addition to California State Disability an
additional 20% of pre-disability earnings to a maximum benefit of $1,000 per week.

Non-California Employees

This plan works with state disability programs, Social Security, and any other group disability coverage to provide you with
a monthly benefit equal to 60% of your pre-disability earnings to a maximum benefit of $1,500 per week.

LONG TERM DISABILITY INSURANCE

Burnham offers you Long Term Disability (LTD) through Standard Insurance. This benefit provides you with income
replacement if you are disabled for an extended period of time. If you become totally and permanently disabled, benefits
begin 90 days after the start of your illness or injury. Long Term Disability works in conjunction with state disability programs,
Social Security, and any other group disability coverage, to provide you with a combined monthly benefit equal to 60% of
the first $20,000 of pre-disability earnings, less deductible income, to a maximum benefit of $12,000 per month. You must
confirm with Human Resources if you would like to contribute to the LTD plan for a post-tax benefit or a pre-tax benefit. If
post-tax benefit, premiums will be treated as taxable income so that benefits will be paid out on a tax-free basis. If pre-tax
benefit, premiums will be treated as non-taxable income so that benefits will be paid out on a taxed basis.

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