Short-Term Disability Insurance
Income Replacement Plan through Church Life
| 2008 Short Term Disability Monthly Premiums | |
Salary Range Less than $25,000 $25,000 to $44,999 $45,000 and above |
$ 8.00 $17.50 $32.00 |
The Church Life Insurance Corporation offers a 12-month short-term disability insurance program called the Income Replacement Plan (IRP). The IRP will replace 70% of income to a maximum of $1,000 per week for up to 12 months after a one-month elimination period.
Effective January 1, 2004 the Church Pension Fund provides IRP coverage at no cost for all active clergy for whom pension assessments are being paid.
Lay employees can enroll in the IRP ONLY when they are first employed. There are NO annual open enrollment periods to add IRP coverage.
This information is not intended to be complete. Please visit the Church Pension Group website CLICK HERE for important information on the Income Replacement Plan. Then review our recommendations, and contact us if you have questions.
Our recommendation on short-term disability insurance for lay employees
If a lay employee is a "professional Church employee," we recommend that the employee be enrolled in the IRP.
- The IRP premium may be paid by the employer as a fringe benefit or by the employee with after-tax income. If the employee pays the premium, all benefits will be non-taxable. If the employer pays the premium, benefits will be taxable.
Questions?
If you still have questions, please contact Theresa Stottlemire at theresa@azdiocese.org or Vicki Hohnbaum at vicki@azdiocese.org.
