Monthly LTD Payments

If you are totally disabled, each monthly payment will be 60% of your monthly base salary, up to a maximum monthly benefit amount of $14,500. This means the maximum covered salary is $24,166.67 per month (or $290,000 per year), since $24,166.67 times 60% equals $14,500.

If you are partially disabled, the amount of your monthly disability benefit will be adjusted, taking into consideration the amount of your earnings while partially disabled.

On July 1 following the first twelve months during which you have received disability payments, and each July 1 thereafter, the amount of your monthly disability income from this plan will be increased by 3%. These increases apply for the first 10 years of disability under this plan and then stop.

Your monthly disability payments from the plan will be reduced by any payments you receive from:

• Social Security (including any benefits for dependents) or similar government programs
• Workers' Compensation or similar payments, except when they result from previous injuries or disabilities
• Any group disability benefits payable under any group insurance or retirement plan to which the University contributes
• Sick pay

The plan does, however, guarantee you a minimum benefit of $100 per month regardless of your income from other sources.