The plan may be continued at retirement or termination of employment through direct billing. This program provides an income benefit as well as a benefit to continue contributions to the employee s retirement plan during a period of disability prior to age 65. All employees on a schedule of 30 hours or more per week are eligible after completing three years of full-time service. Duke pays the cost. All Duke employees are eligible to use PAS, as are their immediate family members.
All services are confidential, and provided at no charge.
The premiums for the coverage you select will be deducted from each paycheck during the year. These accounts are then used to reimburse participants with tax-free dollars for eligible expenses paid throughout the plan year . The Retirement Savings Program provides the opportunity to make pre-tax contributions to an annuity or mutual fund savings account for retirement. These extra retirement savings are designed to provide an important supplement to pension plans and Social Security retirement benefits. There is a four week waiting period before disability benefits become payable after the onset of a disability and benefits are payable up to a maximum of four months following the onset of disability.