2021 Long Term Disability

Long-term disability (LTD) provides you and your family with protection from loss of your income if you become unable to work because of an accident, illness or injury. The Retirement Income Protection (RIP) protects ongoing contributions to your retirement plan in the event of your disability.

2021 Premiums

Your premiums are determined by your gross salary and by whether you choose only the LTD coverage, or you elect to include the RIP as well.

Rates for Premium Calculation For LTD and Retirement Income Protection
Coverage Bi-Weekly Yearly
Long-Term Disability (LTD) $0.086 $0.187
Retirement Income Protection (RIP) $0.041 $0.089

Retirement Income Protection

This is an optional coverage that is available with the LTD program. If you become disabled and qualify for LTD payments, the RIP would continue contributions to a retirement plan for you.

The contribution will be equal to 14.29% of your pre-disability income and is available to participants in both the State Employee's Retirement System (SERS) and the TIAA retirement plans.