💡 Policy Purpose
Our company is committed to supporting employees who face long-term disabilities that impact their ability to work. This policy provides guidelines on the benefits, eligibility, and procedures for applying for long-term disability (LTD) benefits, ensuring financial assistance and job protection for affected employees.
📝 Policy Elements
Eligibility
- All full-time employees who have completed one year of service are eligible for LTD coverage.
- All full-time employees who have completed one year of service are eligible for LTD coverage.
Benefits
- LTD benefits provide up to 60% of an employee’s base salary, continuing until recovery or retirement, whichever comes first.
- LTD benefits provide up to 60% of an employee’s base salary, continuing until recovery or retirement, whichever comes first.
Application Process
- Employees must submit a medical certification and application to HR, who will process the claim with the insurance provider.
- Employees must submit a medical certification and application to HR, who will process the claim with the insurance provider.
Job Protection
- Employees approved for LTD are entitled to job protection, meaning they may return to their position or an equivalent role once medically cleared.
- Employees approved for LTD are entitled to job protection, meaning they may return to their position or an equivalent role once medically cleared.
Coordination with Other Benefits
- LTD benefits may be coordinated with other disability benefits, such as social security, to avoid benefit duplication.
🤝 Acknowledgement and Compliance
By applying for LTD benefits, employees acknowledge that they understand the policy and agree to comply with its procedures. This policy ensures that employees facing long-term disabilities are provided with necessary financial support and job protection.
