Benefits
PLANS
PREMIUMS for MEDICAL /DENTAL
Employees are eligible for this benefit beginning the first of the month following the date of regular full-time (minimum 30 hours /week) hire. VISIONProvided by AIG. This is an elective benefit paid 100% by the employee. Premiums for Vision: Employee Only: $10.88/Month; Employee-plus-partner: $19.06/month; Employee-plus-child(ren): $19.06/month; Family: $27.24/month pretax. PRESCRIPTION DRUG PLANProvided by Anthem. Co-pay per 30-day prescription is $15/generic; $40/preferred; $60/brand; 30% of cost for injectable drug. Mail-order program is available for maintenance drugs at 2X co-pay for a 90-day prescription.** FLEXIBLE SPENDING ACCOUNTPre-tax plan available for medical/dental premiums, unreimbursed medical expenses and daycare and/or transportation expenses. Employees are eligible from their date of regular full-time or part-time (minimum 20 hours/week) hire. 401(k) RETIREMENT PLANImmediate eligibility and immediate vesting of funds contributed after 1/1/2001, if working a minimum of 20 hours/week. Employee contribution up to 100% of earnings, up to the IRS maximum. PMS matches 100% up to 3% of earnings, 50% from 4-5% of earnings. Net PMS match is 4% with 5% employee contribution. Investments offered through Mass Mutual. LIFE & A.D.D. INSURANCEEquivalent to twice the annualized base salary at no cost to the employee up to a maximum of $200,000. Premiums paid 100% by PMS. ** SHORT-TERM & LONG-TERM DISABILITYPremiums paid 100% by PMS.** TUITION REIMBURSEMENTCurrently available to employees after three months of regular full-time (minimum 30 hours/week) employment prior to starting the course, or for part-time employees, upon completion of 5 years of continuous employment (minimum of 1040 hours/year) prior to starting the course. PAID TIME OFFAccrue at rate of HOLIDAYSRegular employees are currently eligible to receive 10 paid holidays per year. Pro-rated for regular part-time employees. PROFIT SHARINGRegular full-time and part-time employees of Particle Measuring Systems may be eligible to participate in the Particle Measuring Systems Profit Sharing Plan if one is authorized for the plan year. | |||||||||||||
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