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Amount of Benefit
The amount of benefit we will pay is the Schedule Amount
minus the Offset Amount. However, if the Schedule Amount
plus the amount of benefits and payments from Other Sources
is more than 70% of your monthly pay, your benefit will be
further reduced by the excess.
Schedule Amount
The Schedule Amount, shown in the Schedule, is based on the
Rate of Benefit and Maximum Schedule Amount determined in
accordance with a plan, approved by us, which precludes
individual selection.
Offset Amount
If you are eligible for any of the following benefits or
payments, the total of all monthly benefits plus the pro-
rated amount of any lump sum payments will be subtracted
from the Schedule Amount
- group disability benefits from any other plan;
- disability benefits from the United States Social
Security Act, including dependent benefits,
payable because of your injury, sickness, or
pregnancy;
- disability benefits from a government plan, except
Social Security;
- any benefits (except medical or death benefits) or
any amount received in a compromise settlement of
your rights, under:
- any Worker’s Compensation Act (or a similar
law); or
- the Maritime Doctrine of Maintenance, Wages, or
Cure;
- retirement benefits, disability benefits, or
similar benefits (not including benefits based on
your contributions) from a retirement plan
sponsored by your participating employer, or
- retirement benefits from a government plan.
Early retirement benefits from a retirement plan sponsored
by your participating employer or from a government plan
will be included only if:
- you choose to receive them; or
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Last modified: May 25, 2011