LONG TERM DISABILITY INSURANCE PLAN

	This page last modified: Tuesday, July 22, 2008 Current Openings > Application Process > Application Form Benefits: > Eligibility > Health Benefits:    - COBRA    - HIPAA    - Health Rights Act    - Cancer Rights Act > Retirement    - Deferred Comp > Other Benefits:    - Flexible Spending    - Supplemental Insurance    - Personal Accident Insurance    - SBC Credit Union    - Employee Assistance (EAP)    - Transit & Parking > Leave Benefits > Benefits Forms > Benefits Contacts	PROGRAM BASICS: This program is underwritten by ReliaStar Life Insurance Company Estimate your disability income needs Why is Disability Insurance important? Disability can be the single most catastrophic event in a person's life, clouding the future with confusion and uncertainty. A long term disability raises questions such as: How will I make my house payments? How will I pay my other bills? Will I have money to pay for my child's college tuition? PLAN SPECIFICS: Gross Monthly Benefit   TOTAL DISABILITY CLASS AMOUNT OF COVERAGE Department Heads, Assistant Department Heads, Middle Managers, Confidential and Unrepresented Units The lesser of 60% of your Basic Monthly Earnings or $9,000, minus Other Income. Active full-time employees in regular classified positions represented by SEIU Local 620 and CFI-TNG/CWA The lesser of 60% of your Basic Monthly Earnings or $3,600, minus Other Income.   PARTIAL DISABILITY (A divided by B) times C, minus Other Income. A = your indexed Basic Monthly Earnings minus your current monthly earnings. B = your indexed Basic Monthly Earnings. C = The benefit you would receive if you were totally disabled (before Other Income is subtracted). "Other Income", as stated elsewhere, does not include - retirement benefits provided through your employer (other than disability payments under your employer's retirement plan) until the gross monthly benefit plus your retirement benefit exceeds 100% of your Basic Monthly Earnings. salary continuation or sick leave benefits provided through your employer until the gross monthly benefit plus such benefits exceed 100% of your Basic Monthly Earnings. Note: During the first 12 months of Monthly Income Benefits, your Monthly Income Benefit will not be reduced by any current monthly employment earnings until the gross monthly benefit plus your current monthly employment earnings exceed 100% of your pre-disability Basic Monthly Earnings. Your Monthly Income Benefit will then be reduced by that excess amount. In no event will your Monthly Income Benefit plus Other Income be greater than your predisability Basic Monthly Earnings. Basic Monthly Earnings - your monthly salary or wage on the day before the date you became disabled. It does not include bonuses, commissions or overtime pay. For Partial Disability, Basic Monthly Earnings are indexed. To determine indexed Basic Monthly Earnings, your predisability Basic Monthly Earnings are increased by 5% on the one-year anniversary of your first benefit Survivor Benefit - 3 times the gross monthly benefit, subject to any necessary adjustments Minimum Monthly Income Benefit - The greater of $100 or 15% of the Gross Monthly Income Benefit Benefit Waiting Period - 60 days This plan includes a Disability Waiver of Premium Benefit. If you become totally disabled before age 60 and can not work, the insurance premiums may be waived. You must first satisfy certain conditions. Maximum Benefit Period Age at Disability Maximum Benefit Period Less than age 61 61 but less than 62 62 but less than 63 63 but less than 64 64 but less than 65 65 but less than 66 66 but less than 67 67 but less than 68 68 but less than 69 69 and over to age 65 48 months 42 months 36 months 30 months 24 months 21 months 18 months 15 months 12 months This is a summary of benefits only. A complete description of benefits and limitations will be provided in the certificate of coverage. Underwritten by ReliaStar Life Insurance Company October 20, 2005
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