Long Term Disability

Lubrizol provides income protection in the event you are unable to work due to illness or injury.

  • Salary Continuation or Short Term Disability (STD).  If you are unable to work for a period of time because of illness or injury, you may be eligible to receive Salary Continuation or Short Term Disability (STD) benefits based on your location's policies.
  • Long Term Disability (LTD).  Lubrizol provides basic Long Term Disability coverage at no cost to you. If you are disabled for more than 1,040 hours, you may be eligible to receive LTD benefits after your Salary Continuation/Short Term Disability benefits are exhausted.

Basic LTD benefits are equal to 60% of eligible, base pay. You have the option to increase your coverage to 70% of eligible, base pay.  You pay the cost to provide the additional 10% of coverage through pre-tax payroll deductions. 

Your LTD benefits coordinate with benefits provided by other sources such as Social Security Disability Income and Workers Compensation.  Your LTD benefits are reduced by the amount you receive from these other entities.

In 2019, LTD benefits will be administered through The Hartford. Click on the summary below for more information.

 

  Long Term Disability Options

LTD Option

Coverage Amount

Basic, Company-Paid Coverage

60% of eligible pay

Optional Coverage

70% of eligible pay

 

The estimated cost for the additional coverage is shown on your personalized enrollment worksheet. The exact contribution is based on your age and base pay as of January 1 or your mid-year hire date.