The City of Plano offers you disability coverage through OneAmerica in the event you cannot work because of illness or injury.
Short-Term Disability (STD) Coverage
As a City of Plano employee, you can elect short-term disability (STD) insurance for yourself at your expense to help replace a portion of your income if you become injured or ill and are out of work for an extended period of time. After an elimination period of 21 days (later of 21 days or when sick time is exhausted), you will receive 60% of your base salary up to $1,500 per week. You will receive this for up to a maximum of 23 weeks.
Short-Term Disability Plan Overview
|Your benefit is 60% of your weekly pre-disability earnings, up to a maximum benefit of $1,500.|
21 days injury / 21 days sickness
|Maximum Benefit Duration:
|Pre-Existing Condition Period:
3 months / 12 months*
Short-Term Disability Rates
|Age Category||Rate per $10 of Weekly Benefit|
STD Payroll Deduction Calculation: Example
|Enter lessor of annual salary or $130,000||$130,000|
|Divided by 52 weeks times 60% divided by 10||$150.00|
|Enter rate based on age as of 1/1 prior to coverage effective date||$0.320|
Long-Term Disability (LTD) Coverage
The City of Plano offers you long-term disability coverage through OneAmerica in the event you cannot work because of illness or injury.
If you remain totally disabled and unable to work for more than 180 days, you may be eligible for Long-Term Disability (LTD) benefits. The City of Plano automatically provides you LTD benefits that replace up to 40% of your base pay, up to a maximum of $5,000 per month. Your monthly LTD benefit will be reduced by Social Security and any other disability income you are eligible to receive (such as Workers’ Compensation). Benefits can be paid up to normal Social Security Retirement Age provided you continue to meet the definition of disability.
In order to be considered totally disabled and eligible for LTD benefits, you must be approved by the insurance carrier. For further plan information, please refer to your Summary Plan Description of the LTD benefits.
LTD Buy-Up Plan
Employees can buy additional LTD benefits by submitting a Medical History Statement form for approval to: plano.gov/benefits. Rates for the buy-up plans are below:
|Coverage and Maximum Monthly Benefit||Rate per $100 of Covered Monthly Earnings||Calculation Formula|
40% to $5,000
50% to $7,500
÷ 24 x .0007
60% to $9,000
÷ 24 x .00167