Exceptions To Benefit Offsets
Benefit Offsets do not include the following:
- any cost of living increase in any Benefit Offset if the increase becomes effective while you are Disabled and eligible for that Benefit Offset;
- reimbursement for hospital, medical, or surgical expense;
- reimbursement for reasonable attorney's fees incurred due to a claim for Benefit Offsets;
- early Retirement Benefits under the Federal Social Security Act that are not received;
- if the Benefit Offsets are shown as Direct Primary on the Schedule of Insurance, then benefits received under the Federal Social Security Act by your spouse or children under age 18;
- group credit or mortgage disability insurance benefits;
- the following amounts under the Employer's Retirement Plan:
- any amount that is attributable to your contributions to the plan; or
- any amount you receive upon termination of employment without being disabled or retired; and
- benefits from (a) through (h) as follows:
- profit-sharing plan;
- thrift or savings plan;
- deferred compensation plan;
- plans under IRC Section 401(k) or 457;
- individual retirement account (IRA);
- tax-sheltered annuity (TSA) under IRC Section 403(b);
- no fault auto insurance; or
- individual disability insurance.
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