The voluntary University plan through the
Prudential Company supplements the State Universities Retirement System (SURS)
benefits if you become disabled due to sickness or injury. A preexisting
condition limitation is applicable for the first two years of coverage. You pay
the full cost of this plan. New employees, who are eligible to receive
benefits, are guaranteed coverage in this plan if they apply within their first
60 days of employment. All other eligible employees can apply for coverage at
any time by answering questions about their health. The insurance carrier has
the right to approve or reject any such request for coverage. Benefits under
the plan are coordinated with any SURS disability payments, so that a total
benefit of up to 66 2/3% of base pre-disability earnings (maximum of $12,000
per month) is paid.
Key Factors About This Plan
Prudential Company determines the effective date of coverage.
participate in SURS to be eligible for enrollment in the plan.
preexisting condition limitation is applicable for the first two years of
are guaranteed coverage in the plan if applied for within the first 60 days of
first 60 days of employment, you may apply for coverage with evidence of good
are offset by any other benefits received, including those from SURS.
benefit becomes payable after you have been continuously disabled through the
elimination period, which is the greater of 90 days or the expiration of sick
leave following accidental injury, sickness or pregnancy.
monthly benefit is 66 2/3%
premiums are based on the employee's age and monthly benefit amount.