Long Term Disability Insurance
Reliance Matrix is the long-term disability plan administrator.
The University provides an insurance benefit to assist employees who are disabled more than 26 weeks within a 52-week period.
If approved for long-term disability, employees are entitled to the following benefits covered by this insurance:
- Income of up to 60% of your current base salary, not to exceed $7,500.00 per month up to the date you are no longer deemed disabled, or to age 65, whichever occurs first. For employees that become disabled on or after age 60, please contact University Benefits for the maximum duration of benefits.
- Replacement income will be offset by income provided by Social Security Disability, Worker’s Compensation and/or any other income source available to you based on the terms of the Plan.
For all full-time employees (with the exception of tenured faculty members), if Short-Term Disability benefits exhaust after 26 weeks, and you are still unable to return to work due to disability (following the maximum of 26 weeks of leave), you may elect to file for Long-Term Disability (LTD) benefits (if eligible).
However, regardless of approval or eligibility for LTD, your position will no longer be held and your employment with Pace University will end. If you are subsequently able to return to work, following your separation from the University, you may apply for any open position for which you are professionally qualified; however, your application will proceed through the standard competitive hiring process.
Eligibility: All active full-time faculty and staff who have completed one year of continuous full-time service.
Enrollment: You will be automatically enrolled after completing 1yr of full time continuous service.
Cost: The University pays the entire cost of your coverage.
Please contact University Benefits for further information on the group long-term disability benefit.