Cameron University will extend long-term disability coverage to all regular, full-time classified employees, CU President Cindy Ross announced today following approval by The University of Oklahoma, Cameron University and Rogers State University Board of Regents. Currently, the long-term disability benefit is provided only to exempt employees, as defined by the Fair Labor Standards Act. Effective February 1, 2010, the benefit will include non-exempt employees.
"Cameron University is dedicated to providing a comprehensive benefit package to all eligible employees," says Ross. "Providing long-term disability coverage to this additional group of employees provides some financial relief in the event that an employee experiences a lengthy illness or a disabling incident."
Following a six-month waiting period, the University's long-term disability policy provides currently eligible employees with 60% of their covered salaries, with the maximum covered salary being $72,000.The benefit extends until age 65. Funding is available for extending the benefit in the University's education and general and auxiliary budgets.
December 1, 2009