Common use of Employees’ Benefit Program Clause in Contracts

Employees’ Benefit Program. Your Benefits Program consists of plans that provide you financial security and policies that provide you paid time-off away from work. Health and welfare plans include healthcare, accident and sickness (A&S) insurance, basic life insurance, supplemental life insurance, vision care, and business travel accident insurance. Retirement plans include pensions and 40l(k). All of these plans require you to be a full-time employee. All of the health and welfare plans require you to complete a probationary period of 360 hours from date of hire before you can participate. For the IAM Pension Plan, that eligibility period is 60 calendar days from date of hire. The 401(k) plan does not have a service requirement for eligibility. BIW pays the full cost of your pensions, A&S insurance, basic life insurance and business travel accident insurance, and pays most of the cost of your healthcare. BIW also matches a portion of your contributions to your 40l(k) account. These plans are ERISA plans and their terms and conditions are governed by plan documents and/or insurance contracts, all of which are available through the BIW Benefits Department. Therefore, the language contained in this Agreement for these plans is intended to represent only highlights of the plans. You will receive a summary plan description for each of these plans which will give you further information in addition to these highlights. In addition to the ERISA plans above, BIW sponsors a wellness program and will continue to offer a program where you can obtain insurance for personal property. Policies that provide you paid time-off away from work include compensated time-off, bereavement, jury/military/witness pay, and holidays. Additionally, LS6 sponsors a dental plan, a long-term disability plan, and an A&S plan which supplements the A&S that BIW sponsors for you. Each of these plans requires you to make contributions if you choose to participate in them. The language contained in this Agreement is limited to the terms and conditions that BIW and LS6 have agreed to so that if you elect to participate in them, your contributions to these plans will be deducted from your paycheck. To the extent permitted by law, your contributions for the dental plan will be deducted from your paycheck on a pre-tax basis. Your contributions for the supplemental A&S and long-term disability will be deducted on a post-tax basis. For information on the benefit provisions of these plans, contact the ▇▇▇ ▇▇▇▇▇ Hall. The Union agrees that it will provide the Director of Benefits with a list of named employees by department and badge number participating in the Local S6-sponsored A&S supplemental plan upon request but no more than on a monthly basis. Such listing will be provided in a timely manner.

Employees’ Benefit Program. Your Benefits Program consists of plans that provide you financial security and policies that provide you paid time-off away from work. Health and welfare plans include healthcare, accident and sickness (A&S) insurance, basic life insurance, supplemental life insurance, vision care, and business travel accident insurance. Retirement plans include pensions and 40l(k). All of these plans require you to be a full-time employee. All of the health and welfare plans require you to complete a probationary period of 360 hours from date of hire before you can participate. For the IAM National Pension PlanFund, that eligibility period is 60 calendar days from date of hire. The 401(k) plan does not have a service requirement for eligibility. BIW pays the full cost of your pensions, A&S insurance, basic life insurance and business travel accident insurance, and pays most of the cost of your healthcare. BIW also matches a portion of your contributions to your 40l(k) account. These plans are ERISA plans and their terms and conditions are governed by plan documents and/or insurance contracts, all of which are available through the BIW Benefits Department. Therefore, the language contained in this Agreement for these plans is intended to represent only highlights of the plans. You will receive a A summary plan description for each of these plans plans, which will give you further information in addition to these highlights, is available to you. In addition to the ERISA plans above, BIW sponsors a wellness program and will continue to offer a program where you can obtain insurance for personal property. Policies that provide you paid time-off away from work include compensated time-time- off, bereavement, jury/military/witness pay, and holidays. Additionally, LS6 sponsors a dental plan, a long-term disability plan, and an A&S plan which supplements the A&S that BIW sponsors for you. Each of these plans requires you to make contributions if you choose to participate in them. The language contained in this Agreement is limited to the terms and conditions that BIW and LS6 have agreed to so that if you elect to participate in them, your contributions to these plans will be deducted from your paycheck. To the extent permitted by law, your contributions for the dental plan will be deducted from your paycheck on a pre-tax basis. Your contributions for the supplemental A&S and long-long- term disability will be deducted on a post-tax basis. For information on the benefit provisions of these plans, contact the ▇▇▇ ▇▇▇▇▇ Hall. The Union agrees that it will provide the Director of Benefits Human Resource Services with a list of named employees by department and badge number participating in the Local S6-sponsored A&S supplemental plan upon request but no more than on a monthly basis. Such listing will be provided in a timely manner.