| Plan
Features |
| Eligibility |
Faculty
(except Supplemental Faculty), staff, and members of
IUOE, POAM, MNA, and Trades. |
| Enrollment |
If
you have a 50% appointment or greater lasting eight
months or more, you are eligible to enroll immediately.
If
you have less than a 50% appointment lasting eight
months or more, you will be enrolled after five years
of continuous service. See Eligibility
and Enrollment. |
| When
University Contributions Begin |
If
you have a 50% or greater appointment, University
contributions for this benefit will begin after you
have four years of continuous service.
If
you have less than a 50% appointment, University contributions
for this benefit will begin after you have five years
of continuous service. |
| Salary
Replacement |
You
would receive 65% of your base salary before you were
disabled (which is referred to as your "predisability
salary"), minus other income from public sources
(such as Social Security disability, Workers' Compensation,
Veterans Administration benefits, etc.). The Benefits
Office determines your predisability salary. The maximum
salary replacement benefit you can receive—in combination
with other sources—is $23,000 a month. |
| Maximum
Covered Salary |
$424,615
a year |
| When
Benefits Begin |
Your
benefits will begin after you have exhausted all your
sick benefits (including extended sick benefits) and
your vacation pay. However, if you have less than four
years of service, there is a six-month waiting period
that begins from the last day of work. "Waiting
period" is defined in the Definition
of Terms. |
| Effect
on Other University Benefits |
Typically,
any health insurance, Dental Plan Option 1, prescription
drug, Basic Retirement Plan contributions, and group
life insurance benefits are continued at no cost to
you. Other benefits may be continued if you pay the
premium. See Plan Provisions. |
| Taxability
of Disability Benefits |
Disability
income that is based on University contributions is
taxable; disability income based on your own after-tax
contributions is tax free. Taxable income will be based
on the University contributions made during the three-year
period prior to the date disability benefits begin. |
