Question
Soft drinks corporation provides its employees with the following Seamless Coverage of Group Disability: Coverage Salary Continuation/Sick Leave Short-Term Disability (STD) Long-Term Disability (LTD) Length
Soft drinks corporation provides its employees with the following Seamless Coverage of Group Disability:
Coverage | Salary Continuation/Sick Leave | Short-Term Disability (STD) | Long-Term Disability (LTD) |
Length of coverage | 7 days paid time off | From 7 days up to 3 months (12 weeks) | From expiration of STD to age sixty-five |
Replacement of income | 100% of pay | 75% up to $1,200 a week not coordinated with workers compensation | 65% up to $1,200 a week, coordinated with social security and workers compensation benefits |
Definition of disability | Inability to do your own job | Inability to do your own job or a job for which you are qualified by education and training for non-occupational | Inability to do a job for which you are qualified by education and training, or inability to work at all. for occupational and non-occupational |
John is single and works at Soft Drinks, age thirty-nine, was earning $104,000 last year ($2,000 per week). He was hurt during a skiing trip and could not return to do any work for 50 weeks. What would he get from the employers group disability plan? There are 52 weeks in a year.
($2,000) + (12 x $1,200) + (27 x $1,200) =
$2,000 x 40 =
($2,000) + (12 x $2,000*.75) + ((40-12-1-) x $2,000*.65) =
none of the answers
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