ALTERNATE COMPENSATION PROGRAM AGREEMENT. The Alternate Compensation Program (ACP) is a pay option, which provides eligible Optometrists with a 20% wage rate differential in exchange for their participation in certain benefits plans. Optometrists, who are regularly scheduled to work 20 hours or more per week, are eligible to participate in ACP. Optometrists enrolling in ACP will not be eligible for the following benefits: • Health Plan • Supplemental Medical • Alternate Mental Health • Dental Plan • Company‐paid Life Insurance • Earned Time Off Program • Disability Plans • Designated Holiday Pay for Holiday not worked • Other paid time off such as Compassionate Leave, Educational Leave. However, Optometrists participating in ACP may request two (2) weeks of unpaid leave per year and in one‐week increments the unpaid leave may be accumulated up to a maximum of four unpaid weeks. Optometrists enrolling in ACP will continue to be eligible for the following benefits in addition to the 20% rate above their wage: • Employee‐purchased Life Insurance (for Optometrists scheduled to work 32 hours or more per week) • Dependent Care Plan • Health Care Spending Account • Commuter Choice Program • Tax Savings Retirement • 5% Employer Contributions for the Xxxxxx Permanente Supplemental Savings Retirement Plan for Union Groups (KPSSRPUG) based on their base wage rate (not ACP rate) • Basic Retirement Pension Plan • Jury Duty • Parent Medical Coverage • Survivor Assistance • Tuition Reimbursement • Travel Accident Insurance • Unpaid Leaves of Absence (no benefits associated with the leaves) • Straight time pay at ACP rate for Holiday worked Optometrists who enroll in ACP will be paid off all of their accrued ETO hours at the regular base rate, prior to the effective date of entering ACP. Accrued ESL and Educational Leave will be frozen upon entering ACP and restored upon return to the Benefits Program. Optometrists will continue to accrue pension service for purposes of vesting and credited service. Final average pay will be calculated based on straight time base wage rate. Optometrists who choose to participate in ACP must remain in the Program for the entire payroll calendar year, and will continue from year to year unless the Optometrist disenrolls in writing by completing an ACP withdrawal form during the annual Open Enrollment Period. An Optometrist who is covered under a spouse’s or domestic partners, or parents’ health care coverage and loses coverage, may elect to disenroll from ACP and enroll in the Bene...
