If you are unable to work because of injury or illness, the Synopsys Short-Term Disability Plan (for employees outside California), Voluntary Disability Insurance Plan (for California-based employees), and Long-Term Disability Plan offer financial protection by replacing a portion of your income. This coverage can help protect you from severe financial hardships if you are not able to work. You are enrolled automatically in the Plans if you are a full-time employee working 20 or more hours per week.
Your short-term disability coverage depends on your location:
- If you are based outside California, you are covered by the Short-Term Disability (STD) Plan.
- If you are based in California, you are covered by the Voluntary Disability Insurance (VDI) Plan.
The STD and VDI Plans pay 75% of your weekly earnings, up to a maximum weekly benefit of $2,884. Benefits begin on your first day of disability, provided you’re disabled for at least eight consecutive calendar days and you’re treated by a doctor during that eight-day period. STD benefits continue for up to 180 days or until you are no longer disabled, whichever occurs first. VDI Plan benefits will continue for another 180 days at a reduced rate. After 180 days of disability, the Long-Term Disability Plan will begin paying benefits if you meet that Plan’s eligibility rules described below. STD and VDI benefits are administered by the Larkin Company.
You qualify for benefits if:
- You suffer an injury or illness (physical and/or mental) that prevents you from performing the material duties of your job.
- Your pregnancy complications prevent you from doing your job.
- You contract or are exposed to a communicable disease (e.g., tuberculosis or chickenpox), and your doctor (or a bona fide health official) states, in writing, that you must stay away from work.
- You’re under treatment for alcohol or drug abuse. You must participate in an accredited program to qualify for benefits. If you participate in outpatient treatment, you must attend the program for a minimum of six hours per day, five days a week.
The Long-Term Disability (LTD) Plan picks up after a 180-day waiting period, provided you qualify as totally disabled and are still unable to work after 180 days of continuous disability. The LTD Plan pays 60% of your base earnings, up to a maximum of $15,000 per month. The LTD Plan is insured by Lincoln Financial.
Generally, you’re considered totally disabled for LTD Plan purposes if, as a result of injury or illness, you cannot perform the essential functions of your job in the first 24 months following your injury or illness. After the first 24 months, you’re considered totally disabled if you can’t perform the duties of any occupation for which you’re reasonably qualified, given your education, training, and experience.
When LTD Benefits End
You’ll continue to receive LTD benefits for as long as you remain totally disabled, until one of the following occurs:
- You’re no longer disabled.
- You reach the end of the maximum benefit period.
- Your earnings exceed 80% of your pre-disability earnings.
- You die.
For more information about the STD, VDI, and LTD policies, visit the Legal Notices page, under Summary Plan Descriptions and Policies.