Benefit Reference Guide - The School District of Palm Beach County

Disability Income Protection
24 Payroll Deductions Per Year
For Employees Receiving 26 Pay Checks Per Year
Voluntary Disability Program
How to Estimate Payroll Deduction – Based on 24 Payroll Deductions per year
Short Term
Disability
Long Term
Disability
A. Enter Annual Salary $________ $________
B. Divide by 100 $________ $________
C. Multiply by your appropriate rate below $________ $________
D. Divide by 24 (number of payroll deductions/yr) $________ $________
EXAMPLE: Short Term Long Term
Disability Disability
A. Enter Annual Salary $20,000.00 $20,000.00
B. Divide by 100 $200.00 $200.00
C. Multiply by your appropriate rate below ($.89 for STD / $.08 for LTD) $178.00 $16.00
D. Divide by 24 $7.42 $ .67
Short Term Disability Rates
Employee’s Rates per $100 of Covered Payroll
Age A B C
54 & Under $0.89 $0.61 $0.48
55 - 59 $1.17 $0.80 $0.64
60 - 64 $1.34 $0.91 $0.73
65 & Over $1.63 $1.12 $0.89
Long Term Disability Rates
Employee’s
Age Rates per $100 of Covered Payroll
24 & Under $0.08
25 - 29 $0.11
30 - 34 $0.17
35 - 39 $0.27
40 - 44 $0.38
45 - 49 $0.51
50 - 54 $0.70
55 - 59 $0.82
60 & Over $0.86
NOTE: Rates effective January 1, 2011
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