DISABILITY INSURANCE
SHORT TERM DISABILITY
MicroLumen provides short term disability insurance to all active full time employees, at no cost to the employee.
The chart below provides an overview of the plan.
Short Term Disability
Benefit Percentage
60% of basic earnings
Maximum Weekly Benefit
$1,500 per week
Benefits commence on the 15 th day after an accident or illness
Elimination Period
Duration of Benefit
24 weeks
Definition of Earnings
Base Salary
LONG TERM DISABILITY
MicroLumen provides long term disability insurance to all active full time employees, at no cost to the employee.
The chart below provides an overview of the plan.
Long Term Disability
Benefit % of Monthly Covered Payroll
60% of basic earnings
Monthly Maximum
$10,000 per month
Benefits commence on the 181 st day
Elimination Period
Benefit Duration
Social Security Normal Retirement Age (SSNRA)
Definition of Earnings
Base Salary
7
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