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Benefits

Long Term Disability (LTD) Plan - The Standard

The voluntary Group Long Term Disability 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.

To understand how the voluntary plan would supplement the disability coverage provided by the University, please note the following:

Exempt Employees

Syracuse University currently provides long term disability benefits to exempt employees through its Salary Continuation Plan.

Under the voluntary LTD plan

Non-Exempt Employees

Non-exempt employees are covered by New York State Statutory Benefits 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 earnings coming from SU will cease.

Under the voluntary 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. For example, an employee age 42 with an annual gross pay of $36,000 would have a monthly premium of $10.50 ($36,000 / 12 * .35 / 100).

2008 LTD Rates
Age Cost/Hundred Per Month
Under age 30 $  .16
30 through 34 $  .19
35 through 39 $  .24
40 through 44 $  .35
45 through 49 $  .53
50 through 54 $  .77
55 through 59 $  .99
60 through 64 $1.03
65 through 69 $1.10
70 through 74 $1.42
Age 75+ $2.16

Helpful Links

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