Long Term Disability
You are automatically enrolled in long term disability (LTD) insurance. New York Life Group Benefit Solutions (NYL GBS) administers the LTD plan.

How it Works

Long term disability insurance provides continuing income if you cannot work due to a prolonged illness or injury. Under the plan, disability means that, due to a covered injury or illness, you are unable to perform your regular occupation and you are unable to earn 80% or more of your earnings from working in your regular occupation. Any benefits you receive are subject to federal and state income taxes.

Stimson pays the full cost of your coverage.

Eligibility

You are eligible if you are an active, full-time hourly or salaried employee who regularly works at least 30 hours per week. Coverage begins on the first of the month following your date of hire.

At-A-Glance

Here’s a quick look at the LTD plan. For details, review the Long Term Disability Plan Policy for salaried employees or the Long Term Disability Plan Policy for hourly employees.

FEATURES
Waiting Period
Time period between injury and receipt of benefits.
Benefits begin after you have been disabled for 180 days
Benefit Amount Replaces up to 60% of your annual compensation, up to $10,000 per month
Benefit Duration If you become disabled prior to age 62, benefits continue until the end of the benefit period shown below, or until you no longer qualify for benefits, whichever occurs first. Should you remain disabled, your benefits continue according to the later of your Social Security normal retirement age as:

Duration of Payments

62 or Younger: To age 65 or the date the 42nd monthly benefit is payable, if later
63: 36 months
64: 30 months
65: 24 months
66: 21 months
67: 18 months
68: 15 months
69: 12 months

Pre-existing Condition

Benefits are not payable if your disability is a pre-existing condition. A pre-existing condition is any injury or illness for which you incurred medical expenses or received medical treatment for three months prior to your effective date of insurance.

Report a Leave

To report a leave, email Human Resources or call 503-359-3404.

File a Claim

To file a disability claim, complete the form on the NYL GBS website (be sure to print your confirmation page) or call New York Life Group Benefit Solutions at 888-842-4462, 7 a.m. – 7 p.m. CST, and a representative will walk you through the process. Or, print and complete the LTD Claim Form and fax or mail it to:

  • Fax: 800-642-8553
  • Mail: New York Life Group Benefits Solutions
    Paper Intake Team
    P.O. Box 709015
    Dallas, TX 75370-9015

For more information about filing a claim, review How to file your disability and leave claim.

KEY TERM

Waiting Period

The time period between an injury and the receipt of benefit payments.

KEY TERM

Annual Compensation

Your annual wage or salary as reported by Stimson for work performed for Stimson on the date the covered loss occurs; it does not include bonuses, commissions, overtime pay or other extra compensation.