How does STD work?

Re: How does STD work?

• madhatter2003

  November 2008

  it'll depend on your company/policy. At mine they do take taxes out but it's far less than out of my normal check.

  I do not have to pay for my normal payroll deductions while on leave, they just 'spread out' the costs from while I'm gone over the rest of the year when I get back. But some companies do require you do pay your insurance, etc while out on leave.

   

  Also find out how long the 'waiting period' is before it kicks in...ie mine is 2 weeks where I have to use sick time first. 

  My two PCOS miracles!
  

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• Mrs.Bible member

  November 2008

  Mine works pretty much the same as MadHatter - but you really need to make sure that if they pay for your deductions when you are gone that you can repay that back over a course of time.  I had to leave out last year and they didnt explain that to me - so when I thought I was getting a check I didnt get a check until a month after I got back!!!!  Talk about being pissed.

  With my STD - it kicks in 7 days after - but I have the option of using my all my Paid Time Off / Vacation days - then having it kick in after that.  Or having it kick in even if I still have PTO days left.

  Oh and my company only pays out 60% of my salary - and no they dont take taxes out.

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• mrsmikey

  November 2008

  Where I work there is a 7 day waiting period, and we get 60%.  We do take taxes out, but not deductions like insurance.  We will pay those for the employee while they're out, and then take it out of their regular paycheck when they return, spreading it out usually over 6 weeks.  But every company is different, so you need to check with HR to make sure you understand everything. 

  
  
  
  
  

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• jennie13

  November 2008

  I got 6 weeks STD at 60%, but it was really 5 weeks, since STD didn't kick in until I had been out for one week.  My company paid me for that initial week with 5 days of full pay (sick days) .    I had the option to have taxes taken out of my STD or not.  I chose not to, and will have to pay them come tax time.    I paid the company for my health insurance premiums out of the check I got with vacation pay, but they would have allowed me to pay them in installments when I returned. 

  My only advice is to make sure you are clear on everything up front.  My HR gave me incorrect info, and after I had the baby, I was scrambling to figure out how much money we would have. 

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• Whirlgirl01

  November 2008

  Make sure you know what the waiting period is so you can plan accordingly.  Mine was 5 business days, so I took some PTO for those days.  Then the STD paid for the remaining 5 weeks at 100%.  I was paid just like normal with my paycheck and the typical deductions were taken out.  It didn't even seem like anything any different other than a paycheck.

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• Erika6504

  November 2008

  It totally depends on how the plan is set up and who pays for your STD.

  Mine is set up so that I pay for STD with after-tax dollars.  That means that the benefit is not taxable.  I get 66 2/3% of my salary for up to 12weeks after a 7 day waiting period.

  The benefit was paid by the insurance company.  My medical insurance had to be paid seperately so I needed to send a check in every month.  Because the disability time is pretty standard (6 weeks), I received one lump-sum payment at the beginning of my leave.

  
  

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