How the Disability Leave Policy Works

To the extent that JPMorgan Chase contributes to the cost of coverage under the Disability Leave Policy and/or state disability benefits, generally a portion of this contribution may represent taxable income to you.

If you are an eligible employee and suffer a non-occupational illness or injury, disability pay benefits under the Disability Leave Policy will not begin immediately. No benefits under the policy are available until you have been disabled for seven consecutive calendar days. This means that you will not receive pay for those days unless you have unused paid time off available to you. (Please see "Important Terms" for the definition of "Wait Period").

If you meet the eligibility criteria for disability pay benefits described previously, beginning on the eighth consecutive calendar day of your disability leave, you may be eligible to receive disability pay benefits at either 100% or 60% pay (up to a total of 25 weeks within a calendar year), in accordance with the Disability Pay Benefits Schedule below. (In certain instances, employees may receive disability pay benefits at a higher percentage of pay than 60%, in accordance with applicable statutory requirements in their state.)

Should you continue to be disabled longer than 26 consecutive weeks, you may be eligible for long-term disability benefits, if you elected LTD coverage and you are approved by The Hartford, the LTD claims administrator.


Disability Pay Benefits Schedule
Years of Recognized Service	Weeks at 100% Pay Within a Calendar Year	Weeks at 60% Pay Within a Calendar Year
Less than 1*	0	25
1–2*	4	21
3–4	7	18
5–6	10	15
7–9	13	12
10–19	16	9
20 or More	25	0

* Full-time salaried employees, including re-employed individuals, must complete the introductory period before the beginning of the disability leave to be eligible for disability pay benefits; part-time salaried employees must complete two years of recognized service before the beginning of the disability leave to be eligible for disability pay benefits. Re-employed part-time salaried employees must complete the introductory period following their re-employment date to be eligible to receive disability pay benefits, even if they previously satisfied the two-year recognized service requirement.

Disability pay benefits are payable only if your claim is approved for short-term disability benefits or workers' compensation benefits. You are not eligible to receive more than 100% of your pay between any state disability or workers' compensation benefits and disability pay benefits you may be eligible to receive under this policy. Please Note: In the event you receive payments exceeding 100% of your pay, the overpayment will be collected by JPMorgan Chase or the claims evaluator.

Failure to reimburse JPMorgan Chase or the claims evaluator for any benefits you receive in excess of 100% of your disability pay benefits may result in corrective action, including termination of employment.

The number of weeks of disability pay benefits at 100% or 60% pay for which you may be eligible during an approved disability leave under this policy is determined by your completed years of recognized service as of the beginning of your approved disability leave and the number of weeks of disability pay benefits that you may have already received within the calendar year in which your disability leave begins.

Generally, the benefits that you receive under the Disability Leave Policy during your approved disability leave include any statutory benefits, such as state disability or workers' compensation benefits for which you may be eligible. Please see "About State Disability Benefits" below for more information.

In certain instances, you may not satisfy the eligibility requirements for JPMorgan Chase's disability pay benefits provided under the Disability Leave Policy. Some states and Puerto Rico have disability laws that also provide employees working in those states with income when they're unable to work for a period of time.

California, Hawaii, New Jersey, New York, Puerto Rico, and Rhode Island all have disability laws requiring such income payments. Disability provisions vary as to eligibility, cost, and the portion of regular pay that's provided. For example, in New York, the current state disability benefit covers 50% of your regular pay to a maximum benefit of $170 a week. That benefit can continue for up to 26 weeks within a 52-week period. State disability benefits begin on your eighth consecutive calendar day of disability.

If you work in California, Hawaii, New Jersey, New York, Puerto Rico, or Rhode Island, and you qualify for short-term disability benefits, the approved disability pay benefits that you receive under the JPMorgan Chase Disability Leave Policy will include any state disability benefits for which you may be eligible. Otherwise, if you work in these states and you are not eligible for disability pay benefits under the Disability Leave Policy, you may file directly with your state for any other benefits which may be available.

Salaried and hourly-paid employees who work in California, Hawaii, New Jersey, New York, Puerto Rico, and Rhode Island are required to pay for these benefits as a deduction from their regular pay. Employers in these states are also required to share in the cost of providing coverage for their employees. JPMorgan Chase withholds a contribution towards the mandated state disability benefits for employees who work in New Jersey or New York to fulfill this requirement.

JPMorgan Chase insures the statutory disability benefits required under New Jersey law with The Hartford. As a result, in those cases in which you have received disability pay benefits that are at least equal to or in excess of the minimum benefits required under New Jersey law, we require your cooperation by asking you to endorse back to the firm the check that the state of New Jersey issues in your name. Therefore, soon after the conclusion of your disability leave, if you were eligible for benefits under the Disability Leave Policy and you work in New Jersey, you will receive a letter from Corporate Benefits asking you to endorse a check from The Hartford made out to you, which actually represents benefits that you already received from JPMorgan Chase during your leave. Failure to cooperate in the check endorsement process can result in corrective action, up to and including termination of employment.