long term disability benefits

If you’re an eligible employee, you automatically receive Basic Coverage under the LTD Plan. This coverage can pay disability benefits based on your annualized regular pay at the time your disability begins. 

• Basic Coverage can pay disability benefits of up to 50% of your annualized regular pay, up to the Internal Revenue Code limit. 
• If your annualized regular pay is less than $52,500, Chevron pays for Basic Coverage of 60% of your annualized regular pay up to $35,000. 
• Basic Coverage is provided at no additional cost to you. 
• You do not need to enroll for coverage; it is automatically provided. 
• Participation in the LTD Plan begins on your first day of work, provided you are eligible and actively at work. You're eligible to receive benefits for qualifying off-the-job disabilities after you complete six months of service from your most recent hire date. You're eligible to receive benefits for qualifying on-the-job disabilities on your first day of work.
• You’re covered under the Long-Term Disability Plan in effect when your disability begins, and benefits are based on your annualized regular pay at the time your disability begins.

You can purchase Optional Coverage under the LTD Plan to provide additional benefits when combined with the company-paid Basic Coverage.

• Optional Coverage can pay disability benefits of up to 60% of your annualized regular pay, up to the Internal Revenue Code limit. 
• Note that even if you purchase the maximum amount of optional coverage, LTD benefits will not replace your pay in full. 
• This is an optional benefit for employees only; you cannot cover dependents. 
• If you enroll, you’ll pay the full cost of coverage. You can see the cost of coverage when you enroll.
• You're eligible to receive benefits for qualifying off-the-job disabilities after you complete six months of service from your most recent hire date. You're eligible to receive benefits for qualifying on-the-job disabilities on your first day of work.
• You’re covered under the Long-Term Disability Plan in effect when your disability begins, and benefits are based on your annualized regular pay at the time your disability begins.

You must enroll to be covered. Enroll on the BenefitConnect website or by calling the HR Service Center.

• If you enroll within 31 days of becoming an eligible employee or when your salary first reaches a level where you can elect Optional Coverage, proof of good health is not required.
• If you enroll at any other time, proof of good health will be required.

You must follow Disability Management process to receive Long-Term Disability Plan benefits.

If you’re eligible for coverage under the Long-Term Disability (LTD) Plan and you’re disabled, you can request to be placed on a Disability Leave of Absence while you’re in the LTD elimination period (the time that must pass before LTD benefits begin) or while receiving LTD Plan benefits. A Disability Leave of Absence doesn't provide pay, rather it protects your employment status with Chevron for service recognition purposes. Learn more about a Disability Leave of Absence.

The Long-Term Disability (LTD) Restoration Plan can provide additional long-term disability coverage if your annualized regular pay is over the Internal Revenue Code limit.

• The LTD Restoration Plan can pay disability benefits of up to 60 percent of your annualized regular pay, from the Internal Revenue Code compensation limit up to $500,000.
• You pay for LTD Restoration Plan coverage if you choose to enroll.
• When you become eligible, you’ll receive an invitation to enroll.

To be eligible, you must meet both of the following requirements:

• You must be enrolled in 60% Optional Coverage in the Long-Term Disability Plan.
• Your annualized regular pay must exceed the current Internal Revenue Code compensation limit.

Learn more about LTD Restoration Plan in the summary plan description.