If you are unable to work for more than 26 weeks due to a non-work-related illness or injury, and you are approved by the carrier, Long-Term Disability (LTD) coverage, administered by Cigna International, pays a portion of your eligible base salary. You’ll receive up to 60% of your monthly base salary, up to a maximum monthly benefit of $15,000 USD. LTD benefits continue for the length of your disability, but generally not beyond your 65th birthday. Your benefits can continue after age 65 if you go on LTD after age 60.
Onshore employees are enrolled in LTD on their date of hire or their official date of transfer. Offshore employees are enrolled in LTD after completing 180 days of eligible employment.
Transocean pays the full cost of LTD premiums.
