Your ability to earn a paycheck is one of your most valuable assets. Short-Term Disability (STD) Insurance helps protect that income if an illness or injury keeps you out of work for an extended period of time.
Saks Global provides this coverage automatically and at no cost to you—so you can focus on recovery without worrying about lost wages. If you are also eligible for a mandatory Short-Term Disability Insurance benefit under state law, Saks Global’s salary continuation benefit will coordinate with that benefit.
Salaried Colleagues or Employees
After you are declared disabled, you will receive 100% of your weekly earnings for weeks 2-8, following an initial one-week elimination period, then 66.67% for weeks 9-26.
Hourly Colleagues or Employees
After you are declared disabled, you will receive 66.67% of your weekly earnings, for weeks 2-26, following an initial one-week elimination period. Short-Term Disability coverage gives you peace of mind, helping you maintain financial stability while you take the time you need to heal.
