Long-Term Disability (LTD) Plan
The LTD Plan provides you with a steady source of income if you become disabled because of an accident or a long-term illness. This benefit, when combined with certain other sources of income that may be payable after the disability occurs, will be equal to 50% or 66-2/3% of your basic monthly pay.
As a regular full-time, part-time or intermittent employee of Pacific Gas and Electric Company, you are automatically eligible for coverage under the Company's Long-Term Disability (LTD) Plan. (You are not eligible for LTD coverage if you are a contract or agency worker or hiring hall employee.)
There are three different plans under which you may qualify for LTD benefits, depending on when you become eligible for LTD benefits and/or when your disability begins.
Plan I
Your LTD benefits will be provided according to the provisions of Plan I if you became eligible for LTD benefits prior to January 1, 2000.
This Plan provides a monthly income equal to 50% of your basic monthly rate of pay. Benefits begin after the benefit waiting period of six cumulative months of disability. Benefits may continue for a period of time based on your length of credited service at the time you became disabled. Detailed information on Plan I is available in this section.
Plan II
Your LTD benefits will be provided according to the provisions of Plan II if you became eligible for LTD benefits on or after January 1, 2000, and the onset of your disability was prior to:
  • June 1, 2003 (if IBEW Clerical, ESC or SEIU), or
  • October 1, 2003 (if IBEW Physical).
This Plan provides a monthly income equal to 66-2/3% of your basic monthly rate of pay. Benefits begin after the benefit waiting period of six cumulative months of disability.
Your LTD benefit continues until age 65, provided that you continue to meet the qualifying criteria and your disability is not covered under the mental/nervous provisions explained later in this section under Plan II.
Plan III
Your LTD benefits will be provided according to the provisions of Plan III if your onset of disability begins on or after:
  • June 1, 2003 (if IBEW Clerical, ESC or SEIU), or
  • October 1, 2003 (if IBEW Physical).
This Plan provides a monthly income equal to 66-2/3% of your basic monthly rate of pay. Benefits begin after the benefit waiting period of five consecutive months of disability. Your LTD benefit continues until age 65 provided that you continue to meet the qualifying criteria and you are receiving a Social Security disability benefit. Detailed information on Plan III is provided in this section under Plan III.