Long term disability insurance provides a monthly benefit in the event of long term illness or injury. If an employee is absent over 180 calendar days due to a medical condition, they may file an LTD application to receive benefits. If you are on a medical leave of absence, please refer to the Leave of Absence webpage.
When an employee’s claim for the LTD insurance benefit is approved by the long term disability carrier, the LTD benefit provides the following:
- The benefit pays up to 60% of salary (maximum of $7,500 per month with a minimum of $100 per month). This benefit may be offset by any other supplemental income
- The benefit is payable for the duration of an employee’s disability or through age 65*
- Retirement contributions are continued by the LTD carrier to the eligible employee’s retirement account(s)