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Loyola University Chicago

Human Resources

Short Term and Long Term Disability Plan Design

Short Term Disability (STD)

 Plan Provisions

Long Term Disability (LTD)*

All University Full-Time Benefits-Eligible Faculty and University Administrators eligible 1st day of the month following completion of six (6) months of active employment

All Other University Full-Time Benefits-Eligible Staff Employees    eligible 1st day of the month following completion of six (6) months of active employment

Eligibility

(This describes who is entitled to participate in and receive benefits from each plan.)

All University Full-Time Benefits-Eligible Faculty and University Administrators  upon Date of Hire

All Other University

Full-Time Benefits-Eligible Staff Employees upon Date of Hire

Your absence from work lasting more than 3 days due to your own illness or non-work related injury.

Definition of Disability

(This describes how each plan defines what a disability is.)

The inability to perform the regular duties of your job.

During the Elimination Period, unlimited trial (or partial) workdays are allowed as long as you do not earn more than 80% of your pre-disability earnings,

Partial return to work is also allowed once your LTD benefits have begun.

After 2 years from the onset of your disabling condition, disability will be determined based on your inability to engage in any work for which you have practical training, education or experience.

Benefits are payable from the 1st day of absence (when the absence lasts more than 3 days).

Benefits are payable after 10 working days of absence.

Elimination Period

(This described how long you must be disabled (unable to work) before benefits are paid.)

Benefits are payable after 180 calendar days of disability beginning with the onset of the illness or injury causing disability.

Benefits are payable after 90 calendar days of disability beginning with the onset of the illness or injury causing disability.

Benefits are payable for up to 26 weeks for any one period of disability.

Benefits are payable for up to 10 weeks for any one period of disability.

Benefit Duration

(This describes how long you may receive benefits for any one period of disability)

Benefits are payable up to age 65 when disability begins before age 60; if disability begins at or after age 60, benefits are payable for a period of time of no less than 1 year but no longer than 5 years, based upon your age at the onset of disability

100% of pre-disability earnings for the first 14 weeks, 80% thereafter.

100% of pre-disability earnings.

Benefit Amount

(This describes how much your benefit will be.  STD benefits will be paid on the dates of your biweekly or monthly payroll cycle; LTD benefits will be paid on a monthly basis.)

66 2/3% of monthly earnings, to a maximum of $12,500

If you begin a period of disability, return to work for less than 10 working days and are again unable to work due to the same illness or non-work related injury, your entire absence will be treated as a single period of disability.

Period of Disability

(This described how mixed periods of inability/ability to work will be treated for purposes of having to satisfy new Elimination Periods and meeting the maximum Benefit Duration period.)

If you begin a period of disability, then return to work in a trial or partial capacity, you will interrupt your Elimination Period if your earnings exceed 80% of your pre-disability earnings.

*The Long Term Disability benefits are provided through an ERISA Plan.  The benefits and definitions cited here are just for illustration.  In the event of conflicting information, the actual terms of the Long Term Disability Plan, as evidenced by the Plan Documentation, shall govern.  The University further reserves the right to terminate or modify the terms of its benefit programs at any time.

Click here for more information about Disability Insurance.

 

 

revised 1.13.14

Loyola

Office of Human Resources
820 N. Michigan Ave., Chicago, IL 60611
312.915.6175 ยท hr-wtc@luc.edu

Notice of Non-discriminatory Policy