Lower SLTD rates effective September 1

July 30, 2020

PEBA awarded the contract for long term disability insurance to The Standard Insurance Company. The contract begins September 1, 2020, and the initial contract period goes through December 31, 2022. There are two one-year extensions available for a maximum contract period through December 31, 2024.

As part of the new contract, the Supplemental Long Term Disability (SLTD) monthly premium factors will be lower. These new factors below are effective September 1, 2020, and the rates are in effect through December 31, 2022.

Employers will provide updated salary information to PEBA this October for the 2021 plan year. Premiums for the new plan year, and any long term disability benefits that may be paid, are based on the most recent salary that employers submit to PEBA; therefore some employees may have a new premium beginning in January 2021.

Age preceding January 190-day waiting period180-day waiting period
Under 310.000620.00049
31-400.000860.00067
41-500.001700.00129
51-600.003430.00263
61-650.004120.00316
66 and older0.005040.00387
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