SHORT TERM DISABILITY
If a covered illness or injury keeps you from working, Short Term Disability Insurance replaces part of your income while you recover. After you become disabled for 14 days, STD covers 60% of your weekly income, up to a maximum benefit of $1,000 per week. The weekly benefit may be reduced or offset by other sources of income. As long as you remain disabled, you can receive payments for up to 11 weeks.
Monthly Rate
Short Term Disability Calculation 1 Calculate your weekly disability benefit.
Age
0-24 $0.212 25-29 $0.282 30-34 $0.375 35-39 $0.329 40-44 $0.282 45-49 $0.329 50-54 $0.423 55-59 $0.516 60-64 $0.704 65+ $0.704
Max weekly benefit available (if the amount exceeds the plan max of $1,000, enter $1,000.
$________ ÷ 52 = $________ x 60% = $________
Age Your annual earnings
(Max % of income covered)
Your weekly earnings
Monthly Rates
2 Calculate your cost per paycheck. $________ ÷ 10 = $________ x $_______ = $________ x 12 = $_______ ÷ 52 = $__________ Your annual cost Number of paychecks per year Your cost per paycheck Your Rate Your Monthly Cost
Your Weekly Benefit Amount
The Concrete Company Benefit Guide 15 |
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