Disability Insurance
Disability insurance can keep you financially stable should you become disabled and unable to work. It can help provide a sense of security, knowing that if the unexpected should happen, you’ll still receive a monthly income.
Short-Term Disability (STD)
Class 1A:
- Eligibility: All active hourly non-union employees.
- Income Replacement: 66.67% of weekly earnings, not to exceed a maximum weekly benefit of $750.
- Waiting Period Before Benefits Begin: 0 calendar days for immediate hospitalization; 7 calendar days for sickness.
- Benefits Duration: Up to 26 weeks.
Class 1B:
- Eligibility: All active salary non-union employees.
- Income Replacement:
- Injury: Week 1-8: 100% of basic weekly earnings; Week 9-26: 75% of basic weekly earnings.
- Sickness: Week 2-8: 100% of basic weekly earnings; Week 9-26: 75% of basic weekly earnings.
- Waiting Period Before Benefits Begin: 0 calendar days for immediate hospitalization; 7 calendar days for sickness.
- Benefits Duration: Up to 26 weeks.
Long-Term Disability (LTD)
Class 2:
- Eligibility: All active full-time management employees.
- Income Replacement: 66.67% of basic monthly earnings.
- Maximum Monthly Benefit: $10,000.
- Waiting Period Before Benefits Begin: The greater of the end of the covered person’s Short-Term Disability or 180 days.
Class 3:
- Eligibility: All active full-time employees, excluding the president, vice president, vice chairman, and management employees.
- Income Replacement: 66.67% of basic monthly earnings.
- Maximum Monthly Benefit: $6,000.
- Waiting Period Before Benefits Begin: The greater of the end of the covered person’s Short-Term Disability or 180 days.