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Disability Insurance Coverage Chart

Pfizer offers a basic level of coverage, as summarized below. During your initial enrollment period, you may elect a higher level of long-term disability coverage.

Coverage Options
Coverage Description
Contributions
Short-Term Disability (STD)1
Weeks 1–13: 100% of base pay
Weeks 14–26: 70% of base pay
Pfizer provides this coverage at no cost.
Long-Term Disability (LTD)2
After an approved STD leave of absence ends, Pfizer provides LTD coverage at 50% of annual pay. Buy-up LTD options are available during Annual Enrollment:
  • 60% of Annual Pay Before-Tax
  • 70% of Annual Pay Before-Tax
  • 60% of Annual Pay After-Tax
If your disability is approved, LTD benefits are generally taxable if enrolled in the 50% option or one of the before-tax options; benefits are partially taxable if enrolled in the after-tax option.

Pfizer pays the full cost of the 50% option. (If you’re a part-time colleague working between 40% and 60% of a standard work week, you and Pfizer share the cost of coverage.) If you elect additional coverage, you pay the difference between the cost of the 50% option and the cost of the elected coverage.

1 For eligible full- and part-time Pfizer colleagues.

2 All coverage options are subject to a $500,000 covered annual pay maximum. Benefits are payable for an approved disability according to the terms of the Plan. Additionally, you may be eligible to continue certain health and insurance benefits under the Long-Term Disability Benefits Package.

Annual Pay

Annual pay includes regular base pay plus any performance bonuses (including the Global Performance Plan and sales bonuses), premium pay, shift differential, and overtime during the previous 12-month period. This excludes equity payments, contest awards, or other non-performance-related payments or bonuses.