The Death and Disability Plan enables employees to protect their income and their loved ones if the unexpected happens.
The Death and Disability Plan provides employees with peace of mind and income security in the event of total disability or death. By offering these comprehensive benefits, you can help your employees plan ahead and provide financial security for themselves and their families — when they would need it most.
The Board of Pensions self-funds the Death and Disability Plan, primarily from investments in the Balanced Investment Portfolio. The plan includes the following:
You may offer this coverage to employees with a regularly scheduled workweek of at least 20 hours.
The Death and Disability Plan is paid 100 percent by the employer. Dues for this coverage are 1 percent of effective salary if offered with Pension Plan enrollment, or 2.5 percent of effective salary if offered without the Pension Plan.
If you currently offer benefits through the Benefits Plan of the Presbyterian Church (U.S.A.), you may elect this benefit when you update your Employer Agreement on Benefits Connect for the following year. Employer Agreements are usually available for updating beginning in July through October.
If you do not currently offer benefits through the Benefits Plan and would like to learn more about its features and how the Board of Pensions serves employers, call our Employer Services team at 800-773-7752 (800-PRESPLAN) to discuss how we can best meet your and your employees' needs.