The City provides Long-Term Disability (LTD) insurance, at no cost, to benefit-eligible employees through The Standard. The LTD benefit pays the employee a percentage of monthly earnings if the employee becomes disabled due to an illness, non-work related accident, or injury. Eligible employees are automatically enrolled in this coverage. Newly hired employees are not eligible for LTD insurance. Employees would initiate the LTD claim by contacting COFL.
Eligibility: All active, full-time employees of the City covered under the 401(a) Defined contribution Retirement Plan, regularly working a minimum of 40 hours per week. Newly hired employees are not eligible to participate in LTD insurance.
Eligibility Waiting Period: First of month following the first day of employment.
Monthly Benefit: 60% to $15,000
Minimum Benefit: Greater of $100 or 10% of benefit
Benefit Waiting Period: 180 days
Definition of Disability: 24 months own occupation
Definition of Covered Earnings: Employee's annual wage or salary excluding bonuses commissions, overtime pay, and extra compensation.
Accumulated Sick Leave: Not included in benefit waiting period
Maximum Benefit Duration: Social Security Normal Retirement Age (SSNRA)
Employer Contribution: 100%
Survivors Benefits: 3 months lump sum
Pre-Existing Condition Limitation: 3 months prior/12 months insured