Long-Term Disability (LTD) Plan

SU offers a voluntary Long-Term Disability (LTD) Plan insured through The Standard.

Benefit Design

The LTD Plan is designed to pay a benefit in the event that an eligible employee cannot work because of a covered illness or injury. The Plan provides that a portion of covered income is replaced and paid directly to the disabled employee. The Standard will pay 60 percent of your insured pre-disability earnings (reduced by deductible income from other sources such as Social Security or Worker’s Compensation) while on an approved disability following a six month waiting period. The minimum monthly benefit is $100 and the maximum monthly benefit is $12,000. Because premiums are being paid with after-tax dollars, the benefit is not subject to federal tax.

Important Considerations for Exempt (Salaried) Employees

SU currently provides long-term disability benefits to exempt employees through its Salary Continuation Plan.

  • For Salary Continuation Plan benefits to be paid beyond 12 months, you must, among other things, receive a Social Security Disability Award (SSDA) by the end of your first year of disability. (Note: it can be difficult to obtain an SSDA within the 12 month period).
  • If you do not receive an SSDA and you are not able to return to work after one year of disability, you are no longer covered under any salary replacement plan from SU.
  • If you do receive an SSDA before the end of your first year of disability, SU’s Salary Continuation Plan will pay 50 percent of your base annual salary minus your SSDA and certain other reductions. Generally, earnings from the Salary Continuation plan are completely taxable.

As an eligible exempt employee, if you are enrolled for coverage under the voluntary LTD Plan:

  • You will begin receiving 60 percent of your pre-disability earnings after the six month waiting period (reduced by any deductible income and subject to Plan limitations). These earnings are completely non-taxable.
  • The definition of disability does not rely on qualifying for a SSDA.
  • Benefits under SU’s Salary Continuation Plan are reduced by benefits paid under the voluntary LTD plan.

Important Considerations for Non-Exempt (Hourly) Employees

Non-exempt employees are covered by New York State Statutory Benefits (if eligible, supplemented by SU) for short term periods of disability up to 26 weeks. If you are disabled and unable to work for longer than 6 months, any compensation will cease.

If you are enrolled in the Long-Term Disability coverage under the voluntary LTD Plan, you will begin receiving 60 percent of your pre-disability earnings after the six month waiting period (reduced by any deductible income and subject to plan limitations). These earnings are completely non-taxable.

Contributions

Monthly premiums are determined by multiplying monthly gross pay by the rates below and dividing by 100.

2016 LTD Rates
Age Cost/Hundred Per Month
Under age 30 $  .20
30 through 34 $  .24
35 through 39 $  .30
40 through 44 $  .44
45 through 49 $  .66
50 through 54 $  .96
55 through 59 $1.24
60 through 64 $1.29
65 through 69 $1.37
70 through 74 $1.77
Age 75+ $2.70

Rates listed here are based on the 12-month calendar year. Actual deductions from each paycheck will vary depending upon your deduction cycle.

For example, an employee age 43 with an annual gross pay of $40,000 would have a monthly premium of $14.67 ($40,000 / 12 * .44 / 100).

Employee Assistance Services

As an added benefit employees enrolled in LTD through The Standard have access to certain employee assistance services free of charge. These services include 24-hour telephone counseling from a master’s-degreed clinician who can provide referrals if longer term counseling is appropriate, as well as case management and a variety of online resources. Please be aware that these services are not integrated with the Faculty and Staff Assistance Program (FSAP) or with the Syracuse University Medical Plan.

Helpful Links

Questions? Contact the HR Service Center at 443-4042 or e-mail hrservic@syr.edu.

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The web pages summarize your Syracuse University benefit options. Every effort has been made to ensure this information is accurate. However, the programs are governed by legal documents and insurance contracts. If there is any difference between the information on these web pages and the official documents and contracts, the official documents and contracts will rule. Our benefits are governed by current laws and operated according to Internal Revenue Service (IRS) regulations. We will notify you if changes in plans are necessary to comply with the law or with IRS regulations.

Employees electing to participate in the SU benefit plans are bound by the terms of the governing Plan documents. If you have any questions regarding the plans, you may request a copy of the Plan document from the Plan Administrator by contacting the HR Service Center at the number indicated at the end of this page.

As is the case with all benefits offered by SU, (1) the Plan Administrator has the discretionary authority to interpret the terms of the Plan and such interpretation will be binding on all interested parties to the fullest extent permitted by law, and (2) the University reserves the right to modify or terminate the Plan at any time.