Short-Term Disability (STD)
IncredibleBank offers Short-Term Disability (STD) coverage to help protect your income should you become ill or injured and unable to work. IncredibleBank provides this benefit at no cost to you.
- No waiting period for disability benefits
- Up to 12 weeks of benefits in a rolling 12-month period, payable via IB payroll
- Benefit amount is dependent upon length of employment
- Eligibility – 1st of the month following 30 days of employment
| Short-Term Disability | Up to 12 weeks of benefits |
|---|---|
| (Company Paid Benefit) | (Based upon length of employment) |
| 60 days < 3 years | 65% of weekly salary |
| 3 - <4 years | 75% of weekly salary |
| 4 -<5 years | 85% of weekly salary |
| 5 years or more | 90% of weekly salary |
Please contact the People Team for assistance with this program.
Maternity Leave
Maternity Leave
- Benefit eligible birth Mothers will receive up to 12 weeks of paid leave
- Payment calculated based on Short-Term Disability schedule (years of service)
- Employees may choose to substitute PTO to make salary whole (not required)
- Transitional time to allow birth mothers optional time to transition back to work using PTO or Family Care Leave (work schedule must be approved by People Operations and Manager)
Family Care Leave
Family Care Leave
- Benefit eligible employees with a minimum of 6 months of service can request up to 2 weeks Family Care on a rolling calendar year
- Payment calculated based on Short-Term Disability schedule (years of service)
- Employees may choose to substitute PTO to make salary whole (not required)
- Can be used for baby bonding (birth and non-birthing parents’ pre-approval needed), adoption, or to provide care for a family member: spouse, parent, child under age 18, or child 18 years or older and incapable of self-care because of mental or physical disability (per FMLA guidelines)
- Cannot be used prior to birth or adoption
- Can be used in full week increments or intermittently per FMLA guidelines (Medical certification required)
Please contact the People Team for assistance with this program.
Long-Term Disability (LTD)
IncredibleBank provides Long-Term Disability (LTD) coverage to help protect your income should you become ill or injured and unable to work. IncredibleBank provides this benefit at no cost to you.
- Payable through Symetra
| Long-Term Disability | 90 Day Waiting Period |
|---|---|
| (Company Paid Benefit) | (**after STD is exhausted) |
| After meeting benefit eligibility requirement | 60% of weekly salary |
**The Long-Term Disability (LTD) policy has a temporary recovery period during the elimination period of 90-days. The IncredibleBank Short Term Disability (STD) benefits provides allows for 12 weeks of benefit payment in a rolling 12-month (measured backwards) period. If you return to work greater than 90-days while out on an approved STD leave, there may be a gap between STD ending and LTD claim approval and payment.
Long Term Disability Highlights
The Employer’s long-term disability (LTD) plan has a recovery period (also known as an “elimination period”) of 90 days before it will pay LTD benefits. However, this short-term disability (STD) plan provides Disability Benefits for 12 weeks in a rolling 12-month (measured backwards) period. As a result, if you return to work after more than 90 days while you are out on an approved STD leave, there may be a gap between your STD benefits ending and your LTD claim approval and payment.
Please contact the People Team for assistance with this program.