Disability Insurance
Short Term Disability - Maximum Benefit Period: 26 weeks
Exempt Staff: See Sick Days to clarify that exempt employees are not eligible for Short Term Disability.
Non-Exempt Staff:If you are scheduled to work 1450 hours or more during the fiscal year, you are eligible for short-term disability insurance beginning on the 13th consecutive day following a non-work related accident or illness for a maximum of 26 weeks. Beginning on the 13th workday of absence, pending medical approval, weekly income benefit payments will provide 100% of your base weekly earnings up to a maximum of $550 per week, for a maximum of 26 weeks per disability.
If your available sick time does not cover the full 12 days prior to the first disability payment, WPI will allow you to borrow up to 6 sick days from the following fiscal year’s awarded sick time, reducing next years sick time, providing short-term disability is approved by the insurance provider.
Long Term Disability:
If you are a full-time non-exempt or exempt employee, you become eligible for Long Term Total Disability Insurance on the first of the month following your date of hire. On or about the first day of the fourth month of total disability, Human Resources will begin application procedures. WPI assumes the entire cost of this benefit.
Once medically approved by the carrier, the plan provides for 60% of the base monthly earnings not to exceed $10,000, which begins on the first of the month following 6 consecutive months of total disability and continues during such disability until you reach age 65. If your total disability begins after attainment of age 60, refer to your Long Term Disability Plan Summary to determine the maximum period of payment.
If you are a participant in WPI's retirement plan while you continue to be totally disabled, a monthly retirement contribution is paid to TIAA/CREF on your behalf.
The maximum monthly retirement contribution is 15% of your base monthly earnings, but not more than $2,500, to a maximum age of 65, at which time the monthly retirement contribution ceases.
WPI will continue contributions to benefits up to the first day of the seventh month. At that point, all but life insurance and tuition assistance benefits and the above-described retirement contribution will cease. Health insurance benefits will continue under COBRA, but you must pay the entire premium.
Maintained by webmaster@wpi.edu