Family & Leave
Magna offers benefits that protect your income and provide peace of mind when life takes an unexpected turn. Whether it’s an illness, injury, or loss, these plans are here to support you and your family. Explore the chart below to see how each benefit works and what’s included.
Short-Term Disability vs Long-Term Disability vs LTD Buy-Up Plan
Login to Your Account
Login or register through the Hartford to start or check your claim status.
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Short Term Disability Plan Document
STD Plan for divisions that pay employees directly.
Learn moreSTD Plan for divisions that Hartford pays directly.
Learn more*If you’re not sure which policy applies to you, contact your HR team.
Long Term Disability Plan Document
LTD Plan Document. Please contact your HR team to provide rider documents if available for your division’s plan.
Learn more| Feature | STD | LTD | LTD Buy-Up |
|---|---|---|---|
| Benefit Amount | 66 2/3% of weekly pay | 60% of monthly pay | 66 2/3% of monthly pay |
| Maximum Benefit | Up to 26 weeks | $5,000/month | $10,000/month |
| Waiting Period | 1st day acccident/8th day sickness | After 6-month STD period | After 6-month STD period |
| Cost Sharing | Magna pays 100% | Magna pays 100% | Employee paid |
| Additional Options | Can supplement with PTO | Can use with LTD Buy-Up | Available to elect during Open Enrollment or as a new hire (*EOI may be required) |
Life and Accidental Death and Dismemberment Insurance
Life & AD&D Plan Document
This Insurance Plan document detailing cost, eligibility, coverage length, and benefits.
Learn moreVoluntary Life & AD&D
This Insurance provides affordable financial protection for you and your family, offering lump‑sum benefits in the event of a covered death or accident to help with immediate, ongoing, and future expenses.
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Portability and Conversion Rights
Notice of Portability and Conversion Rights.
Learn moreLife Conversion lets you turn your group life insurance into your own policy so you can keep it when your job coverage ends, but it costs more.
Learn moreLife Portability lets you keep your group life insurance by paying for it yourself after your job coverage ends, but it ends at certain ages.
Learn more| Coverage Type | Employee | Spouse | Child(ren) |
|---|---|---|---|
| Basic | 2x annual earnings (up to $1,000,000) |
$5,000 | $1,000 (birth-6 months) / $2,500 (6 months-26 years) |
| Optional Supplemental Life (*EOI may be required) |
Up to 5x annual earnings (max $1,000,000) |
Up to $250,000 or 50% of employee's coverage |
$10,000 (6 months-26 years) |
Paid Parental Leave
Paid Parental Leave Policy
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Paid Parental Leave FAQ
Commonly asked questions and answers for you and your family to better understand the paid parental leave policy.
Learn moreMagna Paid Parental Leave (PPL) policy offers up to five consecutive weeks of benefit leave to eligible full-time, regular non-union employees who have completed one year of continuous service (worked at least 1,250 hours) in the past 12 months. This benefit applies to parents by birth, legal adoption (including surrogacy) and non-biological parents in legally recognized marriages.
PPL benefit is paid at 66 2/3% of regular weekly pay and must be taken in a single block. Employees may also use their Paid Time Off (PTO) to supplement their pay during leave as shown in the table below:
| PTO Supplement | Total Pay | PTO Needed (5 weeks) |
|---|---|---|
| 10% | 76.67% | 20 hours / 2.5 days |
| 20% | 86.67% | 40 hours / 5 days |
| 30% | 96.67% | 60 hours / 7.5 days |