Electronic Data 2018-19 Summary

LIFE AND DISABILITY INSURANCE

Electronic Data, Inc. provides all full-time employees working 30 or more hours per week Basic Life and Accidental Death and Dismemberment, Short and Long Term disability insurance. These benefits are paid in full by Electronic Data, Inc.

Basic Life and Accidental Death and Dismemberment Insurance

SunLife Financial

Employee Only

1x annual basic earnings up to a maximum of $200,000.

Employer Premium Calculation: Salary ÷ $1,000 = ________ x $.168 = _________

Short Term Disability

SunLife Financial

Maximum Weekly Benefit

Up to $1,000

% of Salary

70% of basic earnings

Injury: 1 st day Sickness: 8 th day

Elimination Period

Maximum Benefit Period

13 weeks

Employer Premium Calculation: Weekly Salary ÷ $10 = ________ ÷ 70% = ______ x $.168 = _________

Long Term Disability

SunLife Financial

Maximum Monthly Benefit

Up to $7,500

% of Salary

66.67% of basic earnings

Elimination Period

90 day

Maximum Benefit Period

Social Security Normal Retirement Age

Employer Premium Calculation: Monthly Salary ÷ $100 = ________ x $.331 = _________

7

Made with FlippingBook Annual report