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Long Term Disability (LTD)
Employees are eligible for long-term disability benefits after 3 years of continuous, regular employment with the University. This policy provides 66.67% income protection after 180 days of continuous total disability. The 66.67% income guarantee is from all sources; i.e., Social Security, Workers' Compensation, INPRS, TIAA, and all other sources of retirement income. The policy also contributes into your retirement while you are receiving disability benefits. The University pays premiums in full for long-term disability benefits for all eligible employees. Participation is mandatory.
Immediate participation is available if the new employee was enrolled in a fully insured group disability insurance program (within 90 days prior to ISU employment), which would have provided at least 50% income protection upon disability for at least five years. Verification of the type of coverage, insurance company name, effective and end dates within the first 90 days of employment is required. Temporary appointments are not eligible for participation in this plan.