POLICY #8.2.8
SUBJECT: Long-Term Disability Insurance
IV. POLICY
- The following conditions must be met to be eligible for participation in the long-term disability insurance program and for university participation in the premium costs of such program (the participation amount is set by the Board of Trustees as recommended by the Administration):
- Be a salaried employee under regular University appointment, and
- Have an annual salary of $7,000 or more, and
- Be employed by the University with an ongoing appointment designated by the President.
- Be an employee of the University for a minimum of two (2) years. Premiums must be paid by the employee during the first two (2) years of employment.
- Employees desiring to participate in this program should enroll within the first thirty (30) days of employment. Anyone choosing to enroll in the program after the first thirty (30) days of employment will be required to provide evidence of insurability.
- Basic Information
Long-Term Disability Information Monthly Benefits 2/3 of covered monthly salary Minimum Monthly Benefit $100, or if greater, 10% of monthly income benefit before benefits from other sources are subtracted Probationary Period None Waiting Period 6 months Cost of Living Adjustment As set by the University Tax Withholding As required by law - The duration of long-term disability coverage is reduced beginning at age 65 based on the terms and conditions set forth in the University provider’s contract.
- Since long-term disability coverage is secured through a contracted provider, more specific information concerning the program may be obtained from the Human Resources Office.
VI. QUESTIONS/RESPONSIBLE OFFICE
The responsible office for this Policy is the Vice President for Finance. For questions about this Policy, contact the Office of Human Resources.
VII. POLICY ADOPTION AND AMENDMENT DATES
Date Approved: December 1990
Amended: September 23, 2005; April 29, 2016