Tapestry offers short-term and long-term disability benefits to provide you with income protection if you need to take a leave of absence due to pregnancy, serious health condition, or injury. Disability benefits are administered by Lincoln Financial, 1-855-832-9581, www.MyLincolnPortal.com.
Short-Term Disability (STD)
Short-Term and State Disability
If you are unable to work due to a non-work related illness or injury, you can continue to receive a portion of your pay for up to 180 days from either Tapestry's Short-Term Disability Plan or from the State Disability Plan, depending on the state in which you work.
Supplemental Salary Continuation
You are eligible for supplemental salary continuation if you:
-
Are a full-time U.S. employee
-
Have been employed at Tapestry for at least 1 month
In addition to receiving short-term/state disability pay from the company’s disability insurance carrier, you may receive supplemental salary continuation up to a maximum of 26 weeks per rolling 12-month period (including five sick or vacation days used at the beginning of leave).
Supplemental salary continuation is designed to supplement your short-term/state disability benefits according the following schedule:
|
First 8 weeks |
100% of salary, less short-term disability benefit |
|
Week 9 through week 26 |
60% of salary, less short-term disability benefit |
Long-Term Disability (LTD)
Basic Long-Term Disability
You are eligible for long-term disability coverage if you are a full-time employee. Coverage begins after one month of service.
If you experience a disabling illness that lasts longer than 180 days, the basic long-term disability plan provides partial income protection equal to 60% of your monthly salary or earnings up to a maximum of $11,000 per month. Once you qualify for long-term disability, you will no longer be covered under the FMLA 12-week period of job protection, which means your employment may be terminated unless otherwise required by law.
Supplemental Long-Term Disability
You can purchase additional long-term disability coverage for up to 66.67% of your eligible annual earnings* up to a maximum of $25,000 per month during Annual Enrollment or with a qualifying life event.
*Eligible earnings include regular salary, hourly rate and target value of the Annual Incentive Plan (AIP). Monthly sales incentives such as teamshare and commissions are excluded.
Cost
Tapestry provides you with Basic Short- and Long-Term Disability coverage at no cost to you. You can purchase Supplemental Long-Term disability coverage at group rates payable through payroll deductions.
For current per-paycheck costs, please refer to the rates below:
|
SUPPLEMENTAL LONG TERM DISABILITY PLAN
|
|
Rates per $100 of coverage
|
| Age Band |
|
| Bi-weekly |
| Under 25 |
$0.072 |
| 25-29 |
$0.076 |
| 30-34 |
$0.084 |
| 35-39 |
$0.099 |
| 40-44 |
$0.120 |
| 45-49 |
$0.156 |
| 50-54 |
$0.212 |
| 55-59 |
$0.239 |
| 60-64 |
$0.245 |
| 65 and over |
$0.223 |
Please note: If you are on Long-Term Disability, you are no longer eligible for supplemental salary continuation or other benefits from the company. Leave under the Long-Term Disability Plan does not qualify as FMLA leave.
When You Need to Enroll
You are automatically enrolled for Basic Long-Term Disability once you become eligible. This benefit is fully paid by Tapestry.
Each year, during the Annual Enrollment period, you have an opportunity to enroll or change your coverage for the Supplemental Long-Term Disability plan effective January 1 of the following year.