|
|  | |
| |
| DISABILITY |
 |
|
In the event you become disabled and are unable to work due to a non-work
related injury or illness, the Valassis Short and Long Term disability
plans are designed to continue a portion of your income while you are
disabled.
- Short Term Disability (STD) benefits pay a percentage of
your weekly pay for qualified disabling illness or injuries that last
between two and 26 weeks. You must be unable to perform the essential
functions of your job. Your benefits will begin as of the 15th day
of your disability.
- Long Term Disability (LTD) benefits also pay a percentage
of your pay, but on a monthly basis. In the event your disabling condition
lasts longer than 6 months, LTD coverage picks up when STD benefits
end.
Disability Benefit at a Glance
| |
Short-term Disability Benefits |
Long-term Disability Benefits |
| Amount of Benefit |
All full-time associates: 66 2/3%, up to maximum of
$2,000 per week |
All full-time associates: 60% of base pay at the time
of disability, up to $10,000 per month |
| When Benefits Begin |
When you are unable to work after more than 15 consecutive calendar
days due to an illness or injury |
After 26 weeks of total disability |
| Duration of Benefits |
Up to 26 weeks per period of disability (2 weeks of this represents
the 15 day waiting period) |
For salaried associates - until Social Security Normal Retirement
Date or longer if disability starts at age 63 or later. For hourly
associates - 5 years. |
| Cost |
Fully company-paid |
Fully company-paid |
|
|
|