DISABILITY INSURNACE
Short Term Disability
PAR provides short term disability (STD) insurance to all active full time employees. If you are unable to work due to a non-work related accident or illness STD provides you partial pay. The chart below provides an overview of the plan.
This coverage is paid for 100% by PAR and is provided through Mutual of Omaha.
Benefit Percentage
60% of pre-disability earnings
Maximum Weekly Benefit $2,400 per week Elimination Period: Accident Injury
Benefits commence on the day of an accident Benefits commence on the 8 th day of an illness
Duration of Benefit
up to 13 weeks
Long Term Disability
PAR provides long term disability (LTD) insurance to all active full time employees, at no cost to the employee. The chart below provides an overview of the plan.
This coverage is paid for 100% by PAR and is provided through Mutual of Omaha.
Benefit Percentage
60% of pre-disability earnings
Maximum Monthly Benefit
$10,000 per month
Benefits commence on the 90 th day
Elimination Period
Duration of Benefit
Social Security Normal Retirement Age (SSNRA)
10
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