Bookmark & Share2009 Premiums
Payroll Deduction as a Percent of Predisability Earnings
| Benefit waiting period | Higher Education Retirement Plan (TIAA-CREF) employees | TRS, PERS, & other retirement plan employees |
| 30 days | 2.48% | 1.96% |
| 60 days | 1.26% | 1.04% |
| 90 days | 0.69% | 0.57% |
| 120 days | 0.40% | 0.34% |
| 180 days | 0.30% | 0.27% |
| 240 days | 0.29% | 0.26% |
| 300 days | 0.27% | 0.24% |
| 360 days | 0.26% | 0.23% |
To calculate your Optional Plan LTD premium, multiply your monthly base pay (up to $10,000) by the percentage shown for the desired Benefit Waiting Period.
Examples:
If you are a Higher Education Retirement Plan (TIAA-CREF) employee with monthly earning of $1,000, the 60-day benefit waiting period would cost $12.60 per month ($1,000 x 1.26% = $12.60).
If you are a TRS, PERS, or other retirement plan employee with monthly earning of $1,000, the 60-day benefit waiting period would cost $10.40 per month ($1,000 x 1.04% = $10.40).
2008 Premiums
Payroll Deduction as a Percent of Predisability Earnings
| Benefit waiting period | Higher Education Retirement Plan (TIAA-CREF) employees | TRS, PERS, & other retirement plan employees |
| 30 days | 2.67% | 2.11% |
| 60 days | 1.35% | 1.12% |
| 90 days | 0.74% | 0.61% |
| 120 days | 0.43% | 0.37% |
| 180 days | 0.32% | 0.29% |
| 240 days | 0.31% | 0.28% |
| 300 days | 0.29% | 0.26% |
| 360 days | 0.28% | 0.25% |
To calculate your Optional Plan LTD premium, multiply your monthly base pay (up to $10,000) by the percentage shown for the desired Benefit Waiting Period.
Examples:
If you are a Higher Education Retirement Plan (TIAA-CREF) employee with monthly earning of $1,000, the 60-day benefit waiting period would cost $13.50 per month ($1,000 x 1.35% = $13.50).
If you are a TRS, PERS, or other retirement plan employee with monthly earning of $1,000, the 60-day benefit waiting period would cost $11.20 per month ($1,000 x 1.12% = $11.20).
