Disability

Disability

  • The basics

    Short-Term Disability (STD) and basic Long-Term Disability (LTD) benefits provide a source of non-taxable income while you recover from a qualified health condition or injury. This coverage is mandatory at Iron Mountain, you cannot opt out of this coverage. See below for details.

  • How it works

    You’re automatically enrolled in STD and LTD upon hire and coverage begins 90 days after your hire date. You pay a bi-weekly cost, before tax, based on your salary, so when you need to use your STD and/or LTD benefits, you don’t have to pay taxes on them. See costs in Canadian dollars below.

    Short-Term Disability Costs

    The tables show the costs per $10 of coverage on a bi-weekly basis. You pay $0.52 per $10 of coverage.

    Annual base pay Bi-weekly cost
    $30,000 $9.23
    $50,000 $15.39
    $70,000 $21.54

    Long-Term Disability Costs

    The tables show the costs per $10 of coverage on a bi-weekly basis. You pay $2.85 per $100 of coverage. Annual base pay Bi-weekly cost

    Annual base pay Bi-weekly cost
    $30,000 $21.35
    $50,000 $32.30
    $70,000 $43.19

    Coverage Details

    The chart below shows when and how much your STD and LTD benefits pay.

    Short-Term Disability Long-Term Disability
    When It Pays When you become unable to work because of a qualified medical condition or injury and you meet the eligibility requirements. When you can’t work due to a qualified medical condition or injury lasting more than 120 days.
    How Much It Pays All Mountaineers — you will receive the same weekly benefit maximum of 66.67% of your weekly base pay with a weekly maximum of $3,000, paid up to 17 weeks.
    Benefits for an illness begin on the eighth calendar day you become totally disabled. Benefits for an accident begin on the same day you become totally disabled.    		 66.67% of the first $2,250 of your monthly earnings, plus 50% of the next $3,500 and 44% of any balance.
    Maximum benefit: $10,000 per month (without medical evidence) or up to $13,000 per month (with medical evidence).

Disclaimer

© 2024 Iron Mountain Incorporated. All Rights Reserved. This website is not intended to replace the Summary Plan Documents that provide further details on Iron Mountain medical, dental, vision, Flexible Spending Account (FSA), retirement, disability, Life, Accidental Death & Dismemberment (AD&D) and any additional plans available to you. This site is a brief synopsis of key features of your available benefits plans. It's intended to help you use these plans effectively and alert you to actions or situations that could limit the benefits you and your eligible dependents might receive. Refer to the Summary Plan Documents for exact terms and conditions of coverage. If any conflict arises between this site and the official Plan Documents, the terms of the actual Plan Documents or other applicable documents will govern. Iron Mountain reserves the right to change, modify or terminate the plans at any time. This website isn't a contract for purposes of employment or payment of benefits.

Certain employees subject to a collective bargaining agreement are only eligible to participate in certain benefits to the extent provided in the applicable collective bargaining agreement.

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