What you need to know
Broken ribs. A difficult pregnancy. The back spasms from a car accident. There are plenty of reasons why you may need short- or long-term disability. PayPal pays 100% of premiums for short-term disability insurance; you pay the premiums for long-term disability insurance.
Employees are eligible for benefits effective their date of hire (for employees working 20 or more hours per week).
Short-term disability
The short-term disability benefit provides 100% of salary continuation for the first six weeks of your disability and thereafter 75% for up the maximum benefit period, with a maximum weekly benefit of Can$3,000. After 17 weeks of short-term disability, you may be eligible for long-term disability. There is a 7-day waiting period before salary continuation begins. During this time, you can use Paid Time Off (PTO) or paid sick leave.
Short-term disability premiums are 100% company paid.
Long-term disability
Receive 66⅔% of first Can$2,500 of monthly earnings, plus 50% of the next Can$3,500 plus 40% of the remainder, to a maximum monthly benefit of Can$10,000.
As long as you meet the definition of disability and insurance carrier’s requirements, the benefit period is up to a maximum of age 65.
The waiting period before benefits begin is 119 days.
Long-term disability premiums are paid by the employee. Contributions are based on your annual salary and are taken from your paycheque on a biweekly basis.
Employee cost illustration