Disability
Disability insurance replaces part of your income if you can’t work because of an illness or injury, so you have continuing income for living expenses while you recover. Coverage is through New York Life.
- Short-Term Disability (STD) is voluntary. You pay the cost, and it covers shorter absences such as surgery recovery, pregnancy and childbirth, or a prolonged illness or injury.
- Long-Term Disability (LTD) is paid for by Townsquare Media. It covers longer-term conditions such as serious illness or injury, heart attack or stroke.
Disability benefits may be reduced by other income you receive, such as sick pay, workers’ compensation, Social Security or state disability benefits.
Voluntary Short-Term Disability (STD)
You pay the full cost of this coverage through payroll deductions.
Weekly Benefit
60% of your weekly earnings, up to $1,500 per week
Benefits Begin
After 14 days of disability due to an accident or sickness
Maximum Benefit Period
13 weeks
Long Term Disability (LTD)
Townsquare Media pays the full cost of this coverage.
Monthly Benefit
60% of your monthly earnings, up to $10,000 per month
Benefits Begin
After 90 days of disability
Minimum Benefit
The greater of $100 or 10% of your monthly benefit before reductions for other income
Maximum Benefit Period
| Age When Disability Begins | Benefits Paid Until |
|---|---|
| 62 or under | Your 65th birthday, or 42 monthly benefits if later |
| 63 | 36 monthly benefits |
| 64 | 30 monthly benefits |
| 65 | 24 monthly benefits |
| 66 | 21 monthly benefits |
| 67 | 18 monthly benefits |
| 68 | 15 monthly benefits |
| 69 or older | 12 monthly benefits |