As part of the University's Funded Retirement Plan, Merit employees participating in TIAA-CREF who become totally disabled will have monthly payments (employee and University contributions) made to their account by Principal Life Insurance Company. The Retirement Protection Plan applies if disability continues uninterrupted during the qualifying period of 90 working days (or until the expiration of all accrued sick leave, if later). UNI pays the entire cost of the premium.
Monthly payments begin to accrue on the day following completion of the qualifying period if written proof of total disability is furnished to Principal Life Insurance Company within six (6) months following completion of the qualifying period. Subsequent monthly payments will be paid each month thereafter as long as disability continues.