Benefit Description. The Human Resources Department administers the Leave Sharing Plan by communicating the needs of potential employee recipients to the Manager of the department in which the employee works and facilitates with the Payroll Department the transfer of employees' PTO donations to the recipients. Those who choose not to participate in the Plan will be respected in administering the Plan. Potential recipients may seek help without divulging their identities to other employees. The identities of donors (and non-donors) will not be released to others. An employee donor may donate accumulated PTO hours provided the donation is a minimum of four (4) hours. An employee donor's PTO is donated in hours which are converted to a dollar value using the donor's current hourly wage rate. The dollar value is then converted back to hours based on the employee recipient's hourly wage. For example: Donor Recipient Hours donated: (multiplied by) 8 hours Dollar value: (divided by) $100.00 Hourly wage: (equals) $12.50 Hourly wage: (equals) $10.00 Dollar value: $100.00 Hours received: 10 hours If an employee recipient returns to work prior to using all the donated hours, the unused donated time will not be returned to the employee donor(s) but will be retained in the employee recipient's PTO bank. In the event of the termination of employment or death of the employee recipient, the unused portion of the donated time will not be returned to the employee donor(s). The Unused time will be paid to the employee recipient upon termination of employment or his/her estate in the event of death. Payroll taxes on the value of donated hours are the responsibility of the employee recipient. Since the employee donor realizes no income, there are also no deductible expenses for IRS reporting purposes.
Benefit Description. Group Life ⮚ 3 x annual salary Accidental Death & Dismemberment ⮚ to match Group Life Long Term Disability ⮚ 180 days qualifying period 70% of monthly earnings Basic Medical (Medical Services Plan) ⮚ as established by the Plan Extended Health Care ⮚ 80% reimbursement of eligible expenses after a $25 annual deductible per family ⮚ $300 Vision Care payable annually ⮚ Hearing aids to a maximum of $600 every four (4) years ⮚ Charges for nicotine patch treatment ⮚ Visits to registered psychologists to a maximum of $500/year or 10 sessions, whichever is greater (Subject to Carrier availability.) Dental ⮚ Plan A – 100% ⮚ Plan B – 80% ⮚ Plan C – 50% ⮚ $3,000 lifetime maximum per individual family member Weekly Indemnity Benefit ⮚ 70% of weekly earnings ⮚ 30-day qualifying period ⮚ Maximum benefit period the lesser of twenty- six (26) weeks or commencement of Long Term Disability benefits
Benefit Description. NAEP Conference Discount 10% discount on applicable member registration rate. NAEP Training Discount 10% discount on applicable member registration rate. eNews Chapters can submit information on activities and promote participation in Chapter events. Six issues annually can be distributed to Affiliated Chapter Members by chapters.1 News from the National Desk Biweekly publication of current national issues affecting environmental professionals can be distributed to Affiliated Chapter Members by Chapters. Online access to Environmental Practice Chapter Members can view and purchase online articles. eBlasts of Chapter activities and events Monthly eBlasts promoting Chapter activities and events. NAEP dues collection on behalf of Chapter NAEP is willing to collect Chapter renewal dues and reimburse a Chapter for the amount without deducting a transaction fee. Chapter Representation on the Board of Directors One position on the NAEP Board of Directors for each 150 NAEP members. Webinars Six NAEP-sponsored webinars annually at a discounted connection fee of $75/connection for up to three connections Three NAEP/APU-sponsored webinars annually free of charge Three NAEP/Vermont Law School-sponsored webinars annually at a discounted connection fee of $75/connection for up to three connection. Discount on General liability Insurance Policy Participation in NAEP General Liability insurance policy for $75 per chapter; General Liability limit of $1,000,000 per occurrence and $2,000,000 Aggregate. Renewed annually. NAEP Affiliated Chapter and Affiliated Chapter Member Benefits Summary Benefit Description Opportunity to submit an annual budget request for funding Chapters can submit an annual budget request for funding activities and events. Archiving service NAEP is willing to archive Chapter-specific items free of charge. Access to resources from other Chapters Free access to governance documents (e.g., bylaws, policies, operating procedures, other resources) of other Chapters. Chapter Listing on the NAEP website Chapter listing on the NAEP website with a link to the Chapter to facilitate networking and membership. Conference Profit Share For Chapters willing to host the annual conference, a share of the conference profits. While a set of criteria exists to help determine the profit, profit shares typically range from $10,000 - $20,000.
Benefit Description. ON-TIME GUARANTEE In the event the Insured Person’s Scheduled Flight is delayed for at least two (2) consecutive hours from the Original Scheduled Time or Updated Scheduled Time, where applicable, We will pay the Insured Person RM200 (Ringgit Malaysia Two Hundred) only for each Trip. The delay shall be calculated from the Original Scheduled Time or Updated Scheduled Time, where applicable until the commencement of the first available alternative flight offered by AirAsia to the Insured Person. A letter from AirAsia or its handling agents confirming the duration and reason of such delay and the Insured Person’s boarding pass issued on the affected flight shall suffice as proofs for purposes of claim for this benefit. We will not pay for loss directly or indirectly arising as a result of:
Benefit Description. General Members who begin City employment after June 30, 2009, must contribute 0.25% of their Base Compensation (as defined in SDMC section 24.0103) to the Plan. These employee contributions are deducted from the gross pay of each Member, and transferred to the Plan on a biweekly basis to be credited to the Member’s Plan account. The City will make matching contributions to the Plan on behalf of each General Member covered by Participant Account Type “A.”
Benefit Description. As soon as administratively feasible and not more than 60 days after the date a Deferred Member or Unrepresented Member who elects or is defaulted into Option C first becomes eligible for a Service Retirement based upon age and Service Credit, the City will make a contribution into the Plan account of the Deferred Member or Unrepresented Member. If the Deferred Member or Unrepresented Member has at least 20 years of Service Credit, the contribution will be an amount that, assuming the Member or Deferred Member retires at the average age of retirement assumed by the Retirement System’s actuary, and assuming an annual investment return of six percent, is projected to yield $8,500 annually during the Member’s life expectancy. The contribution amounts for General Employees and Safety Employees with at least 20 years of Service Credit are set forth in Attachment 2 to this Schedule A.
Benefit Description. Pension Eligibility January 1 following employment Pension Formula • Career average, 1.45% pay to breakpoint + 1.9% pay above breakpoint for each year of service • Breakpoint = social security covered compensation minus $12,000 (fixed at $35,000 for 2004-2007) • Minimum benefit: Fixed dollar (based on FAP-3) ranging from $33.00 to $60.00/month/year of service (approximately 1.1% FAP-3 × service) Covered Pay Definition Base, overtime, night-shift bonus, commissions, and certain other bonus (50% of E-band) Vesting 5 years of service Employee Contributions • Mandatory: 3% of pay above $50,000 ($60,000 eff. 1/1/2006) (PPA) provides benefits in addition to pension formula • Voluntary: 3% of pay up to $50,000 ($60,000 eff. 1/1/2006) Early Retirement • Age 60 • Unreduced at Age 60 Supplements • $15 ($16 eff. 7/1/2005) per month per year of service to age 80% of social security benefit payable if retire between age 60 to 62 with 5 years • $350 per month special supplement if retirement within 3 months of reaching age 60 to 62 with 25 years (expires 7/1/2007) to age 80% of social security benefit payable Normal Payment Form 5-year certain and life, subsidized spouse annuity Job Loss Protection Special Early Retirement Option (SERO) at age 55 with 25 years of pension service (or 30 years of pension service if less than age 55 and nonexempt or hourly) if impacted by Job Loss Event. Plant Closing Pension Option at age 50 with 25 years (or 30 years and less than age 50)...age 55 with 10 years of service. Both options available for retirements through July 1, 2007. Also, protection of supplements and pre-retirement surviving spouse benefit for long service (25 years of pension service and up) employees impacted by job loss.
Benefit Description. Supplemental Nonqualified Pension Plans • Excess plan for benefits in excess of 415 benefit limit. Benefits vest after 5 years of service. • Supplemental plan (if E-band) provides richer formula (60% FAP-3 including 50% social security, pension, and PPA) and includes pay over pay limit. Benefits do not vest until age 60 Savings Eligibility Immediate Employee Contributions • NHCE: Up to 30% total pre-tax/after-tax • HCE: Up to 10% pre-tax; 12% total pre-tax/after-tax • Xxxx contributions permitted Employer Contributions 50% of first 7% of pay Pay Definition Base, overtime, night-shift bonus, commissions, and certain other bonus (50% if E-band) Vesting Immediate Investments 10 choices—GE Stock; Stock Mutual Fund; International Equity Fund; Income Fund; Money Market; Short-Term Interest Fund; U.S. Savings Bonds; Vanguard Institutional Index Fund, Small-Cap Value Equity Fund; Strategic Investment Fund In-Service Withdrawals Non-hardships up to 7 per year of non-401 (k) amounts Investment Switches Up to 24 per year Loans May have 2 outstanding loans (one new loan per year) Post-Termination Withdrawals Up to 4 per year; minimum amount $500; or lump sum of entire account Profit Sharing Eligibility No plan Employee Contributions Employer Contributions Pay Definition Vesting Investments In-Service Withdrawals Investment Switches Loans Post-Termination Withdrawals GE COMPANY CONFIDENTIAL Benefit Design Comparison Summary Benefit Description ESOP Eligibility No plan Employee Contributions Employer Contributions Pay Definition Vesting Supplemental Nonqualified Savings Plans No plan Company-Paid Life Insurance Eligibility Immediate Coverage 2.5 × pay ($50,000 minimum) Covered Pay Definition Base, certain other bonus (50% if E-band), shift differential Other Living benefit for terminally ill Optional Life Insurance (A Plus) Eligibility Immediate Coverage 1, 2, or 3 × pay Covered Pay Definition Base certain other bonus (50% if E-band), shift differential Employee Contributions Age Monthly Rate Per $1,000 Age Monthly Rate Per $1,000 <25 $0.05 50-54 $0.26 25-29 0.06 55-59 0.43 30-34 0.08 60-64 0.68 35-39 0.09 65-69 1.27 40-44 0.10 70+ 2.06 45-49 0.16 Other Living benefit for terminally ill Optional Life Insurance (Security Life) Eligibility Immediate Coverage (decreasing term varying by age) • Option I: 6.00 × pay (<age 30) to 0.16 × pay (age 70+) • Option II: 12.00 × pay (<age 30) to 0.16 × pay (age 70+) Employee Contributions • Option I: 0.45% of pay • Option II: 0.90% o...
Benefit Description. Medical—Indemnity Plan Eligibility Immediate Benefit • Hospital: 100% after $150 ($300 family) copay per admission ($250 if non-preferred hospital) • Surgical: 80% (no deductible) • Other: 80% after deductible Limits $2,500,000 lifetime maximum per person Out-of-Pocket Limit Varies by pay: $1,100 to $2,350 per family (including deductible) Deductible Varies by pay: $150 to $600 per person; $300 to $1,200 per family Employee Contributions Varies by pay: • EE only: $30.21 to $81.08 per month ($33.95 to $101.51 eff. 1/1/2006) • EE + I: $79.16 to $179.85 per month ($86.68 to $220.67 eff. 1/1/2006) • EE + family: $93.68 to $244.01 per month ($108.68 to $325.70 eff. 1/1/2006) • Additional: $0 to $86.67 if elect to cover working spouse (with employer-provided coverage) Mental Health/Chemical Dependency • Inpatient 30 days per year (in-network: 100%, out-of-network: 80%) • Outpatient 30 visits per year (in-network: 80% after deductible, out-of-network: 50%) Preventive Care Scheduled amounts for specific screenings Prescription Drug • Retail Network: Generic: $12 to $60 copay (21-90 day supply) Brand: $16* to $80* copay (employee must file claim forms if out-of-network pharmacy used) • Mail: Generic: $20 copay (90-day supply) Brand: $36* copay • $2,000/$4,000 out-of-pocket limit • *Employee pays difference between brand and generic if generic available GE COMPANY CONFIDENTIAL Benefit Design Comparison Summary
Benefit Description. Medical Managed Care POS Eligibility Immediate Benefit • In-network: 100% after $150 ($300 family) copay per admission; $15 copay office visits ($25 specialists) • Out-of-network: 80% after deductible Limits $2,500,000 lifetime maximum per person Out-of-Pocket Limit • In-network: Not applicable • Out-of-network: Varies by pay from $1,250 to $2,750 per person; $2,500 to $5,500 per family (including deductible) Deductible • In-network: None • Out-of-network: Varies by pay from $250 to $850 per person; $500 to $1,700 per family Employee Contributions Varies by pay: • EE only: $21.04 to $71.95 per month ($22.69 to $90.29 eff. 1/1/2006) • EE + 1: $50.38 to $151.11 per month ($53.73 to $187.76 eff. 1/1/2006) • EE + family: $59.12 to $209.45 per month ($65.77 to $282.79 eff. 1/1/2006) • Additional: $0 to $86.67 if elect to cover working spouse (with employer-provided coverage) Mental Health/Chemical Dependency • Inpatient 30 days per year (in-network: 100%, out-of-network 80%) • Outpatient 30 visits per year (in-network: 100% after $15 copay, out-of-network: 50%) Preventive Care • In-network: $0 or $15 copay; • Out-of-network: 80% after deductible or not covered Prescription Drug • Retail Network: Generic: $12 to $60 copay (21-90 day supply) Brand: $16* to $80* copay (employee must file claim forms if out-of-network pharmacy used) • Mail: Generic: $20 copay (90-day supply) Brand: $36* copay • $2,000 / $4,000 out-of-pocket limit * Employee pays difference between brand and generic if generic available GE COMPANY CONFIDENTIAL Benefit Design Comparison Summary Benefit Description Dental Plan • Eligibility Immediate Benefit Standard Premium (2005 schedule) Diagnostic & Prev. 100% Target 100% Restorative 50% Target 80% Major 50% Target 50% Surgery 80% R & C 80% Orthodontia 50% 50% (children < 19 only) Deductible None None Maximums Annual $2,000 $2,000 (restorative and major only) biennial annual Orthodontia $2,000 $2,000 per person per lifetime Employee Contributions None $6, $12, $18 Vision Benefit Schedule amounts for exams, lenses, and frames (discounts available from network providers) Employee Contributions Included with medical Spending Accounts Health Care $5,000 maximum per year Dependent Care $5,000 maximum per year Long-Term Care Benefit $50 to $250 daily benefit for nursing home, assisted living, and respite care for employee, spouse, parents, or parents-in-law Employee Contributions Varies by age and benefit level; employee-pay-all Personal Excess Liabilit...
