Long-Term Disability


How the LTD Plan Works	The LTD Plan can pay a benefit if you are totally disabled as defined by the LTD Plan and unable to work for more than 26 weeks. The plan offers two levels of coverage: Basic coverage, which is automatic and paid for by the Corporation, providing you with up to 50% of your compensation, up to a maximum of $10,000 per month. Supplemental coverage, which is purchased at your expense, providing you with up to a combined benefit (including the basic LTD benefit) of 66-2/3% of your compensation, up to a maximum of $20,000 per month. For both basic and supplemental LTD coverage, your eligible compensation is limited to a maximum of $360,000 per year. If you are eligible for other disability benefits, your benefits from the Corporation may be reduced.
Receiving Benefits	Benefits are paid only if you are totally disabled as defined by the LTD Plan. The definition of totally disabled changes after you have been receiving LTD benefits for 24 months. How long benefits can continue also depends on your age when your disability begins: If you become disabled before age 60, benefits can continue to age 65. If you become disabled between 60 and 65, you can receive LTD benefits for up to 5 years. If you become disabled between the ages of 65 and 69, benefits can continue to age 70 (or until you have received 12 monthly benefit payments, whichever is longer). If you become disabled at age 70 or older, benefits can continue until you have received 12 monthly benefit payments.