Long-Term Disability
Purpose
The New School provides a Long-Term Disability (LTD) Plan through the Standard Life Insurance Company of New York. This benefit is paid for entirely by the university.
Eligibility
Full-time faculty members and full-time and regular part-time administrative staff (scheduled to work 20 hours or more per week), including Union Local 1205 Employees.
Coverage under the LTD Plan begins the first of the month following three months of continuous employment dated from the day the employee began working in a position eligible for LTD benefits.
Policy
If you are disabled for six months, you may be eligible for Long-Term Disability (LTD) benefits. At the expiration of the 6-month period, your employment will end and you will be offered COBRA in order to continue health care coverage at your own cost. Detailed plan information may be found in the attached Certificate and Summary Plan Description (SPD).
LTD_Certificate_and_SPD_7.2015.pdf
Approval of benefits is subject to the long-term disability carrier’s approval. If you are approved for benefits you may receive 60% of your pre-disability earnings, not to exceed a benefit of $15,000 per month ($7,500 per month for 1205 employees), less the sum of benefits from other sources including, but not limited to, Social Security benefits, Workers’ Compensation benefits, and Unemployment benefits. Long-Term Disability benefits generally end upon attaining age 65 (later in limited instances) or until the time you are no longer disabled, if sooner.
The LTD benefit durations are as follows:
Age When Disability Starts | Age or Duration Maximum |
59 or younger | Age 65 |
60–64 | 5 years |
65–68 | Age 70 |
69 or older | 1 year |
Procedure
How does someone apply for this benefit?