Administration

Disability Options

Employees may choose long-term and short-term disability income coverage. Premiums vary depending upon the employee's salary and are payroll deducted. The following are the disability options offered by SCF:

UNUM Short-term Disability

To calculate your per-paycheck cost for this coverage, complete the calculations below. The final cost may vary slightly due to rounding.

Weekly Salary X Benefit % = Your Weekly Benefit

Your Weekly Benefit ÷10 = Results X *Your Rate = Your Monthly Cost

Your Monthly Cost X 12 = Annual Cost ÷ Number of Paychecks per Year = Cost per Paycheck


* Your Rate is based on your age. See chart below.

Monthly Rates per $10 of Weekly Benefit
Age Rate Age Rate
<25 $0.36 50-54 $0.34
25 - 29 $0.36 55-59 $0.41
30-34 $0.33 60-64 $0.49
35-39 $0.31 65-69 $0.57
40-44 $0.30 70-74 $0.62
45-49 $0.31 75+ $0.67
*STD rates are based on five-year increments. Rates increase as you age.

If you meet the definition of disability:
You would eligible to receive a weekly benefit equal to 60% of your weekly earnings, to a maximum of $800 per week
You may receive a benefit for 12 weeks
The elimination period is seven (7) days

UNUM Long-term Disability

Pretax

No

Coverage

SCF covers 50% of employee's monthly base salary up to $10,000. If you are a faculty member, only your academic year contract salary is included in determining contract benefits and premium.

The Employee Buy-Up Option offers the employee an additional 10% which increases the coverage to 60% of employee's monthly base salary up to $10,000 per month.

Buy-Up Premium per month

$0.18

Rates per $100 of covered salary

Comment

Benefits begin on the 91st day after a continuous period of total disability, although disability payment is generally not received for at least an additional 30 to 45 days.

 

 
Long Term Disability Rates
$0.18 per $100 of Covered Salary


To calculate your per-paycheck cost for this coverage, complete the following calculations:

Annual Salary ÷ 100 = Result X $0.18 = Annual Cost  ÷ Number of Paychecks per Year = Cost per Paycheck*

*Final cost may vary slightly due to rounding. 

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