Active full-time employees scheduled to work 40 hours per week
Active part-time employees scheduled to work 20 hours per week
Cost for coverage
Stryker pays the full cost of your STD coverage. You do not contribute toward the cost of STD coverage
Enrollment
Eligible employees are automatically enrolled for STD coverage as of their date of hire
When coverage ends
Generally, coverage under the STD plan ends on the earliest of the following:
The date you leave Stryker. Qualifying disabilities, which occur prior to separation, will remain covered by the plan
The date you're no longer actively employed
The date the plan is terminated
Weekly benefit
Exempt employees: Weekly benefit equal to 100% of your eligible earnings
Non-exempt employees: Weekly benefit equal to 60% to 100% of your eligible earnings:
For the first 56 days of disability: 100% of your eligible earnings
For days 57 to 180: 60% of your eligible earnings
Benefits are reduced by the amount of any other income benefits, such as state disability or workers' compensation
When benefits are payable
Benefits are payable beginning on the:
Eighth day of your total disability due to sickness
First day of total disability due to an accident, outpatient surgery, or a hospital stay
How long benefits last
Generally, benefits are payable for up to:
173 days if disability is due to sickness
180 days if disability is due to an accident
LTD coverage
Eligibility
Active full-time employees scheduled to work 40 hours per week
Cost for coverage
Stryker pays the full cost of your LTD coverage. You do not contribute toward the cost of LTD coverage
Enrollment
Eligible employees are automatically enrolled for LTD coverage as of their date of hire
When coverage ends
Generally, coverage under the LTD plan ends on the earliest of the following:
The date you leave Stryker. Qualifying disabilities, which occur prior to separation, will remain covered by the plan
The date you're no longer actively employed (including temporary layoff or leave of absence) or become otherwise ineligible
The date the plan is terminated
Monthly benefit
Disability income equal to 60% of your monthly pre-disability earnings, up to $15,000 a month as defined by the plan rules
Benefits are reduced by the amount of any other income benefits, such as worker's compensation, no fault disability insurance, Social Security disability, veteran's benefits, and state disability
When benefits are payable
Benefits are payable beginning on the 181st day of your total disability, provided you are under the regular care of a physician and have an approved disability
How long benefits last
Generally, benefits are payable up to the earlier of the date:
You are no longer totally disabled as defined by the plan
Your current pay exceeds 80% of your indexed pre-disability earnings
You reach your normal retirement age (rules vary if you are age 64 or older when you become totally disabled)