This is not a single fund, but several funds across country. Because benefits vary by state, National Association of Workplace Agencies works to help states.
About state employee disability benefits:
Regarding state employee disability benefits, however, the vast majority of states require the employee to be at least 30 years old, or have an occupational license, or are a member of the military.
-They are universal, so don't require an income analysis or asset determination to receive.
-They cover mental, physical & even life-threatening ailments.
Pros of state employee disability benefits:
There are all subsets of state employee disability benefits provided by state agencies. There are other tax-payer funded social welfare benefits that employees can opt into as medical, dental,etc.
-They offer lifetime coverage.
-They're not tied to your previous earnings or employment.
-They pay you as if you were healthy and able to work for life.
Pros of state employee disability benefits:
In the case of state employee disability benefits, though, the state’s responsibility ends after three months of unemployment compensation, according to the lawsuit. State is not responsible for pay.
Cons of state employee disability benefits:
-People get stuck for years, receiving little income.
-Many state employees who return to work without benefits can lose jobs if they become disabled later.
In state employee disability benefits benefits are paid for an employee's lifetime. Employers pay the premiums on behalf of employee. Workers can use money to take time off work, if they so choose.