short and long term disability

LONG TERM DISABILITY

The Standard’s Long Term Disability Plan
WV State University offers two Long Term Disability Plans, both issued by The Standard.  The University Plan #135937,  provides a non-taxable monthly income to age 70.  The waiting period of six months of continuous disability provides the employee time to collect documentation for the approval process. Enrollment is limited to new hires only.  The Standard LTD “Annuity Benefit” pays a monthly benefit to the employee's TIAA basic retirement account during the disability. This benefit equals 12% of your monthly wage base.   The basic monthly income benefit replaces 60% of your monthly wage base up to a maximum of $10,000 per month before offsets (Workers’ Compensation, Social Security Disability, employee sick leave). 
  
FBMC - The Standard’s Long Term Disability Plan - Policy #611506 - A,  Employees may elect to enroll in this plan during each annual open enrollment. 
The Standard’s long term disability plan provides a non-taxable monthly income to age 65 in the event of total disability. If total disability occurs at age 60 or older, different rules apply. New hires have 31 days from their date of hire to enroll without a statement of health. Total disability is defined as being completely unable to perform the duties of your own occupation for the first 24 months of disability, plus the six-month elimination period. Afterwards, disability means the inability to perform any occupation for which you are reasonably suited by education, training, or experience. The benefit begins after six full months of continuous disability. The basic monthly income benefit replaces 60% of your monthly wage base up to a maximum of $10,000 per month before offsets (Workers’ Compensation, Social Security Disability, employee sick leave). The benefit is non-taxable.  

sHORT TERM DISABILITY

FBMC - The Standard’s Short Term Disability Plan - Policy #611506 - B,  Employees may elect to enroll in this plan during each annual open enrollment.   
Following the approval process, STD benefits become payable at the end of the 30-day benefit waiting period. The weekly Short-Term Disability (STD) benefit is based on your earnings from your public employer.  The weekly benefit is 70% of your pre-disability earnings, reduced by deductible income.  The maximum weekly benefit is $750, minimum weekly benefit is $15.00.