Disability
Short-Term Disability
The STG Family of Companies provides Short-Term Disability coverage at no cost. You are automatically enrolled; no action from you is required. The STD benefit begins on the first day following an accident or after 7 days following an illness/surgery. After this elimination period, the weekly benefit will be paid to you while you are unable to work for a maximum of 13 weeks.
Employees will receive 66 2/3% of your weekly salary up to a maximum of $1,000 per week. Your STD benefit is reduced by other disability benefits or income you receive, such as Social Security.
For more information, please review your Benefit Summary.
Long-Term Disability
The STG Family of Companies provides full-time employees with the option to purchase voluntary long-term disability income insurance. The LTD benefit begins 90 days following an accident or illness. After this elimination period, the monthly benefit will be paid to you while you are unable to work.
Employees will receive 60% of your monthly salary up to a maximum of $6,000 per month. Your LTD benefit is reduced by other disability benefits or income you receive, such as Social Security.
The benefit is provided to you if you meet the definition of disability as defined by the plan and will continue until you no longer meet the definition of disability or reach the maximum benefit period. If you become disabled prior to age 62, the benefits are payable until age 65. If you become disabled after age 62, the benefit payment duration varies.
For more information, please review your Benefit Summary.
