IQVIA Benefits Handbook
HOW BENEFITS ARE PAID
If your disability claim is approved, benefits will be paid semi-monthly as long as you continue to meet the definition of disability.
Benefits are paid by IQVIA and will be deposited directly into your account, as reflected on IQVIA's payroll records.
Benefit Offsets by Other Sources of Income
Your STD benefits will be reduced by compensation you or your family receive (or are eligible to receive) from certain other sources as a result of your disability. This includes, but is not limited to, benefits received from:
- State disability income benefits including statutory benefits provided by the state of California, Connecticut Hawaii, New Jersey, New York, Rhode Island, Puerto Rico, and Washington .
- The United States Social Security Act, the Civil Service Retirement System, the Railroad Retirement Act, the Jones Act, the Canada Pension Plan, the Quebec Pension Plan or similar plan or act that you or your family are eligible to receive because of your disability.
- Any governmental law or program (whether federal, state or local) that provides disability or unemployment benefits as a result of your employment with IQVIA.
- Any amount of earnings you receive from any form of employment including severance.
If you are paid other income benefits in a lump sum, this lump sum will be pro-rated over the period of time it would have been paid if not paid in a lump sum or (if such period of time cannot be determined) over a period of 26 weeks.
The Plan Administrator may make a retroactive allocation of any retroactive other income benefit payments.