The Group Long Term Disability Insurance plan is administered by Lincoln Financial Group.
Benefits: Following 6 consecutive months of total disability and continuing until a limiting age, the plan provides a monthly income benefit (including benefits from Social Security and Workers’ Compensation) equivalent to 60% of covered monthly salary, up to a defined maximum. If an employee is eligible for TIAA Retirement Annuity contributions from the College on the date of disability, a monthly annuity premium benefit equal to 10% of covered monthly salary will be credited to the employee’s TIAA Retirement Annuity during the period disability benefits are received.
Eligibility: Faculty with half-time or more teaching contracts and staff scheduled to work 1,560 or more hours per year in a permanent position are eligible to enroll.
Enrollment: Employees are normally enrolled in the plan after one year of service. The one-year service requirement may be waived, however, if the employee provides evidence of coverage under a Long Term Disability Insurance plan through his/her immediate prior employer. If prior coverage is proven, coverage becomes effective the first of the month next following date of eligibility.
Costs: The College pays the full cost of the coverage.