Topics on This Page:
Avoid potholes on your road to retirement
A serious illness or injury can lay you up for months, but it doesn’t have to completely derail your retirement savings. RPB provides free contribution insurance that will continue your employer retirement contributions—up to 15% of your salary—should you become disabled.
You’re eligible for RPB’s contribution insurance at no additional cost if you’re receiving long-term disability (LTD) insurance benefits through RPB (underwritten by MetLife), were receiving employer retirement contributions at the time of disability, and qualified for free basic life coverage at the time of disability
Understanding MetLife’s qualifications
You’re qualified to receive contribution benefits if you’re receiving disability payments due to a permanent and total disability and are unable to work because of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of at least one year.
- Contributions continue while disabled:
Beginning in the seventh month following the date of your disability, provided you are receiving monthly benefits under the LTD plan, MetLife will pay an amount equal to your employer's contribution to your RPB account each month, up to 15% of your salary (and parsonage, for clergy).
- Payments end in retirement:
Your retirement contributions will stop after you begin to receive distributions from your RPB 403(b) account or are not longer eligible to recieve long-term disability payments, whichever is sooner.
Not sure if you’re on the right track?
Our Retirement Navigator provides a checklist based on age, helpful tips, and more.