PMC 2024 Benefit Guide (English)

SHORT TERM DISABILITY

VOLUNTARY SHORT TERM DISABILITY (STD)

Weekly STD Benefit Amount

60%

Maximum STD Duration

26 weeks

Elimination Period

Day 1 accident; Day 8 illness

Weekly Benefit Maximum Amounts

Weekly Maximum Amounts from $100 to $1,500

VOLUNTARY SHORT TERM DISABILITY RATES

RATE PER $10 OF BENEFIT

AGE GROUP

15-24

$1.043

25-29

$1.043

Premium Calculation Example for Voluntary STD

$.983

30-34

Weekly Maximum STD Amount = $500

35-39

$.748

Age Group 35 - 39 = Rate of $.748 per $10 of Coverage

40-44

$.698

45-49

$.708

$500 divided by $10 = 50

50-54

$.812

50 x $.748 = $37.40 per month/$448.80 per year

55-59

$1.053

26 pays per year - $448.80 divided by 26 = $17.26 per pay

60-99

$1.265

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