A plan for long-term disability was first proposed by the Regents in October of 1952. The first effective date was July of 1953. It was a self-insured plan for employees aged forty or above and who had been enrolled in a University retirement program for ten years. The plan provided benefits of one-half salary between a range of $125 minimum and $200 maximum per month and paid premiums for retirement and group life insurance. Social Security benefits were integrated in 1960.
On July 1, 1966, the following changes were approved: No minimum age and five years only of service were required. Monthly benefit maximum was raised to $400. Health insurance premiums were also paid.
Further amendments were approved February 3, 1970. Monthly benefit maximum was raised to $700. Monthly benefit maximum was raised to $1,000 July 1, 1972. In December of 1973, Medicare "B" premiums were paid. On July 1, 1975, the monthly benefit maximum was raised to $1,200.
Other more minor changes have also occurred in this plan since 1953.