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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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