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Long Term Disability Insurance

Cost

State Universities Retirement System (SURS) Plan

Premiums for the SURS LTD plan are paid entirely by SURS.

University Plan

The premiums for the University LTD plan are based on your age. Use the LTD Premium Calculator (requires login) or follow the steps below to calculate your total monthly LTD cost:

  1. Indicate your annual salary. $__________
  2. Divide your annual salary by 12 to get your monthly salary. $__________
  3. Multiply your monthly salary by .6667. $__________
  4. The maximum monthly benefit is $12,000. If the amount in Step 3 is greater than $12,000, indicate $12,000 here. Otherwise, indicate the amount in Step 3. $__________
  5. Multiply the amount in Step 4 by the rate coinciding to your age below to get your total monthly cost. $__________
  6. Employee Monthly Contribution
    Employee Age Rates
    Less than age 25 .00165
    25-29 .00199
    30-34 .00241
    35-39 .00303
    40-44 .00439
    45-49 .00728
    50-54 .00983
    55-59 .01121
    60-64 .01161
    65-69 .01456
    70+ .01669

    Rates effective 10/1/14.

    All changes of premium due to age and/or salary level will occur in December (policy anniversary date) of each year. The premium includes 93% for the cost of the plan, 5% for Prudential’s administrative costs, and 2% for the University’s administrative costs.


Maintained by University Human Resources | Contact Information | Last Update: 02-July-2015 | ID: 109