Short & Long Term Disability 

All eligible bargaining employees are automatically enrolled in our Sickness and Accident (S&A) plan after one year of employment. If you have a break in service of more than 90 days, you must serve another eligibility period (one year) before again being eligible for S&A. The S&A benefit will provide 60% of your weekly pre-disability earnings for up to 182 days. S&A runs concurrent with and is offset by benefits under Colorado Paid Family and Medical Leave (CPFML).

Eligible bargaining employees are also automatically enrolled in our Long Term Disability (LTD) plan after five years of employment. LTD begins on the 183rd day of disability and provides 50% of monthly covered earnings up to $4,000 per month. 

Basic Life and AD&D Insurance

Life insurance and Accidental Death and Dismemberment (AD&D) insurance provide funds for those who have lost someone or for those who are seriously injured. Life insurance pays funds to your designated beneficiaries after your death, while AD&D pays an amount equal to your life insurance benefit in the event of accidental death. In the event of a loss of limb, eyesight, hearing or other covered loss, a predetermined amount will be payable to you. Basic life and AD&D is provided at no cost. As an eligible employee, you are provided with life and AD&D insurance equal to two times your base annual pay not to exceed $250,000.

This benefit reduces by 65% at age 65 and 50% at age 70.

Note: The value of any life insurance coverage in excess of $50,000 may be subject to imputed income taxes.

Keep in mind: You and your eligible family members may only be covered once under life and AD&D insurance. No one may be covered as both an employee and a dependent of the company. If you and your spouse or child work for EVRAZ, be sure to coordinate your life insurance coverage so no one is covered more than once.


Voluntary Life Insurance

In addition to the basic life insurance plan, you are eligible to purchase additional amounts of group term life insurance for yourself, your spouse, and your children. Employees may purchase amounts of voluntary life insurance coverage in multiples of earnings, up to a maximum of 5 times annual pay or $500,000, whichever is less and may apply for coverage online at any time during the year by applying in writing via http://www.standard.com/mybenefits/evraz/eeoi.html. After initial eligibility, all amounts will require proof of good health. Dependent life insurance for your spouse may be purchased in increments of $5,000, not to exceed $100,000 or 100% of the employee’s total life amount, whichever is less. If you are a new hire, proof of good health, also called Evidence of Insurability, is not required for amounts up to $300,000 for employees and amounts up to $50,000 for spouses. Voluntary life insurance coverage for your children may be purchased in increments of $5,000 not to exceed $20,000. There are three points to consider when deciding how much life insurance coverage you might need:

  • If you have dependents that rely on you, how much will they need to pay off your current debts such as your mortgage, car loans, or credit card balances?

  • What will it cost your dependents to maintain their current standard of living?

  • What kind of future would you like to provide for your spouse or dependent children or others who rely on you for financial support?

With respect to eligibility for Life insurance for your dependents, the following persons are included:

  • Your spouse or a person who is party to a civil union with you, as defined by applicable law

  • Your unmarried children from live birth up to age 26, including your natural and adopted children (from the time the adoption is final), and the children of your spouse who are living in your home

  • Any unmarried dependent child (described above) who is age 26 or older and is considered to be disabled by The Standard Insurance Company

  • Please note that a person may not be insured as both an employee and a dependent. A child may not be insured by more than one employee.


Voluntary AD&D Insurance

When you purchase Voluntary Life Insurance, an equal amount of Voluntary AD&D insurance is provided. In the event of your accidental death, the full AD&D amount will be paid to your beneficiary, in addition to any life insurance proceeds. In the event of a loss of limb, eyesight, hearing or other covered loss, a predetermined amount will be payable to you