Total Disability Insurance
Participation begins immediately if you were previously enrolled in a similar plan within three months of your employment with Kenyon. There is a one year waiting period for those not previously enrolled.
The monthly benefit is 60% of the employee's monthly compensation in effect at the commencement of the total disability. The benefit is reduced by any amount payable under Social Security and/or Workers' Compensation.
Benefits will begin on the first day of the calendar month next following six months of continuous total disability. Benefits cease on the first day of the month in which the total disability terminates or, if earlier, the first day of the month in which the employee reaches age 70. Benefits are not paid for the first six months of continuous total disability.
The policy also continues the employee's and College's contributions to the regular retirement plan as long as the employee is totally disabled. This benefit will be the monthly equivalent of the contributions made by the employee and College. This benefit does not apply to TIAA/CREF Supplemental Retirement Annuities.
Should an employee become disabled and apply for the total disability benefit, there is a six-month elimination period before benefits begin. Kenyon will normally continue the employee's salary during the elimination period provided the employee is certified as disabled by the insurance carrier. For more details regarding the benefits this policy provides, please refer to your certificates.
NOTE: This plan has been described here in a general manner. Your benefits are more fully described in the plan document. In case of a conflict or omission, the provisions of the plan document will govern.
Kenyon pays 100%, employee pays 0%