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Disability

You have financial protection through NortonLifelock’s disability plans, provided by Lincoln Financial Group (formerly Liberty Mutual). This protection extends to pregnancy-related disability, non-work-related injuries, and illnesses.

Short-Term Disability (STD)

The following chart describes the STD benefits you will receive, as a percentage of your on-target earnings (OTE), based on the amount of time you are out of work.

Time Period % of OTE Source
Week 1 (elimination period)

 

100% Non-Exempt Employees: You must use PTO during the elimination period. If PTO is exhausted, you can:
  • Borrow up to 40 hours PTO, or
  • Take the remainder of the 5-day elimination period as unpaid.
Exempt Employees covered under the My Time Off (MTO) program: You will use 5 of your Additional Days Off (ADO). The balance of this time will be unpaid if you have exhausted your Additional Days Off.
Weeks 2–8

 

100% STD checks will be paid to you on a weekly basis by Lincoln unless you are enrolled in a state disability plan. NortonLifelock will pay supplemental STD checks directly on a semi-monthly basis.
Weeks 9–28 75% STD checks will be paid to you on a weekly basis by Lincoln unless you are enrolled in a state disability plan. NortonLifelock will pay supplemental STD checks directly on a semi-monthly basis. Neither MTO nor PTO may be coordinated.

Long-Term Disability (LTD)

Once you have been on Short-Term Disability (STD) for 180 days, you may be eligible for Long-Term Disability (LTD). The benefit can provide income replacement at 60% of your monthly on-target earnings (OTE), up to $20,000 per month. LTD is fully paid for by NortonLifelock, but you have two options for how your benefit is taxed.

  Long-Term Disability Plan 60% Option Long-Term Disability Plan 60% After-Tax Option
Monthly premium NortonLifelock pays NortonLifelock pays
Out-of-pocket expenses Nothing now You pay taxes on the value of coverage each pay period
Tax deductions Taxes are deducted from any monthly disability payments you receive Taxes are NOT deducted from any monthly disability payments you receive
Monthly benefit amount You receive a substantially smaller monthly benefit You receive the full monthly benefit

Deciding which option to elect is a personal choice, and it really comes down to whether you wish to pay taxes on your LTD benefits now or potentially later. Whatever option you choose will be in effect for the entire calendar year and cannot be changed mid-year.

Paying for LTD coverage with after-tax dollars now means more money at a time when you'll need it most. Remember, your benefit amount will be offset by any other disability income you may receive, such as Social Security (for you or your dependent family members), state disability, or workers' compensation pay, regardless of the taxability of the other benefits you receive.

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