Long Term Disability Insurance
The long term disability insurance plan is administered by The Standard and is provided by the College after you complete one year of permanent employment. Should you become disabled, benefits would begin after six months of disability. Benefits are paid at the rate of 60% of your monthly salary (not to exceed $6,000.00 per month) less the amount of benefits from other sources (such as Worker's Compensation or Social Security Disability). The College picks up 60% of the premium and you would pay 40%. The current cost is .21% of your annual salary divided by 12.
Salary $50,000/12 months=$4,166.67 salary per month x .21%
8.75 Total Premium
60% x $8.75= $5.25 Employer Premium
40% x $8.75=$3.50 Employee Premium or $1.75 per paycheck
Full-time Instructional, Administrators and Professional faculty are eligible to sign up after they have been employed for twelve months. The enrollment is automatic unless the faculty member signs a waiver of coverage.
Change due to employee promotion, job status, etc.
- Classified to Faculty: Coverage begins after the employee is in the faculty equivalent position for twelve months.
- Faculty to Classified: Coverage stops at the end of the month in which the employee goes to full-time classified.
Termination of Employment
Coverage stops at the end of the month in which the employee terminates employment. Long-term disability may not be continued after termination or retirement.
See certificates below: