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.
Weeks 14–26: 70% of base pay
- 60% of Annual Pay Before-Tax
- 70% of Annual Pay Before-Tax
- 60% of Annual Pay After-Tax
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 is your total pay, which 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.
