Long-term disability plan

{
  "id": "MLC-T-ECS-001101",
  "term": "Long-term disability plan",
  "field": "Economic statistics",
  "definition": "Plan that provides a monthly benefit to eligible employees who, because of a non-work-related illness or injury, are unable to work for an extended period.\n\nNote: Benefits usually are paid as a fixed percentage of predictable earnings, up to a set limit. Most participants have a waiting period of 3 to 6 months, or until sick leave or short-term disability benefits end, before long-term disability benefits begin. Long-term disability benefits generally continue until retirement or a specified age, or for a period that varies with the employee’s age at the time of the disability.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/long-term-disability-plan/"
}