As a Parsons employee, you have access to Short-Term Disability and Long-Term Disability insurance through Lincoln Financial.
If you are unable to work due to an illness or injury, our disability plans will work together to provide a source of income to meet your needs. Disability insurance provides benefits that replace part of your lost income when you become unable to work due to a covered injury or illness.
This is a company-paid benefit – enrollment is not required.
Parsons provides you with Short-Term Disability (STD) to provide income replacement if you become disabled due to accident, sickness, or child birth.
You will receive 60% of your weekly salary ($2,000/week max) for a period of up to 180 days. Benefits begin on day 8 after accident, sickness or child birth.
This is a voluntary benefit – if elected, enrollment is not required.
Parsons offers you the opportunity to purchase Long-Term Disability (LTD) to provide income replacement if you become disabled for an extended period of time.
You will receive up to 60% of your base monthly salary ($10,000/month max). Benefits begin after 180 days of disability and continue until Social Security Normal Retirement Age (SSNRA) or maximum benefit period based on chart below:
Please note that if you qualify for a disability payment from Lincoln, payments may be offset by state disability payments or social security awards received.
Lincoln Financial
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mylincolnportal.com/customer/
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Company Code: PARSONS