Benefits

 

 

SMVI Summary of Benefits

 

The following is a summary of benefits extended to all full-time and part-time employees of Southern Maryland Vocational Industries:

 

VACATION LEAVE

(EXCLUDING LIVE-IN AND NEW POLICY)

 

Full-time

  • 6 month waiting period
  • Accrue up to 12 days per year
  • Credited at the rate of 3.69 hours per pay beginning on first day of employment

 

Part-time

  • Credited at 1/2 of the full-time annual leave benefit

 

SICK LEAVE

 

Full-time

  • 90 day waiting period
  • Accrue up to ten (10) days per year
  • Credited at the rate of 3.08 hours per pay beginning on first day of employment

 

Part-time

  • Credited at 1/2 of the full-time vacation leave benefit

 

HOLIDAYS

 

New Year’s Day                                                Labor Day

Martin Luther King, Jr. Birthday                        Columbus Day

President’s Day                                                Thanksgiving Day

Memorial Day                                                    Employee Appreciation Day

Safety Day                                                         Christmas Day

Independence Day                                             **Employee Birthday

 

**Available after one year of employment

 

RETIRMENT

 

  • Six-month eligibility waiting period
  • Voluntary employee pre-tax contributions
  • 3.5% employer contribution for eligible employee
  • 100% vested in employer contributions after four year of plan participation

 

 

FLEXIBLE SPENDING ACCOUNTS

 

  • Available to all regularly scheduled employees through pre-tax payroll deductions
  • Plan participation begins each September
  • Reduces taxable income
  • Medical account maximum contribution:  $2,000
  • Dependent care account maximum contribution:  $6,000

 

SHORT TERM DISABILITY

 

  • 90-day eligibility waiting period
  • FREE to eligible employees
  • Available to full-time and part-time employees who work at least 16 hours per week
  • Benefit paid at 60% of base weekly salary
  • Benefit effective on the 15th day following accident or illness up to 11 weeks

 

LONG-TERM DISABILITY

 

  • 90-day eligibility waiting period
  • FREE to eligible employees
  • Available to full-time and part-time employees who work at least 16 hours per week
  • Benefit paid at 66 2/3 % of base weekly salary
  • Benefit effective following short-term disability

 

FAMILY AND MEDICAL LEAVE

  • Available to employees who have worked 12 months or 1,250 hours
  • 12 workweeks of unpaid leave during any 12-month period for the following reasons:

1.        For the birth and care of the newborn child of the employee;

2.        Employee is unable to work because of a serious health condition;

3.        Placement with the employee of a son or daughter for adoption or foster care; or

4.        To care for an immediate family member (spouse, child, or parent) with a serious health condition

 

LIFE/AD&D INSURANCE

 

Jefferson Pilot

  • FREE to eligible employees
  • Available to full and part-time employees who are scheduled to work at least 16 hours per week
  • 30-day eligibility waiting period
  • Benefit is 100% of annual salary to a maximum of $50,000

Fortis

  • FREE to eligible employees
  • Available to full and part-time employees who are scheduled to work at least 20 hours per week
  • 90-day eligibility waiting period
  • Benefit is $5,000 per eligible employee
  • Additional life insurance can be purchased by employee for $5,000; $15,000; $25,000; $35,000; and $45,000

            *Cost for additional coverage is $0.36/$1,000

 

HEALTH/DENTAL INSURANCE

 

  • 90-day eligibility waiting period
  • Medical plans available to all full-time employees

 

Kaiser: Signature HMO

 

Coverage Level

Monthly Cost

Bi-weekly Payroll Deduction

 

Single

$306.76

$30.07

 

Employee + 1 Child

$568.57

$150.91

 

Employee + Spouse

$626.74

$177.76

 

Family

$888.58

$298.61

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kaiser: Signature HMO 2

 

Coverage Level

Monthly Cost

Bi-weekly Payroll Deduction

 

Single

$332.87

$42.12

 

Employee + 1 Child

$616.96

$173.24

 

Employee + Spouse

$680.08

$202.38

 

Family

$964.22

$333.52

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kaiser: Select HMO 

 

Coverage Level

Monthly Cost

Bi-weekly Payroll Deduction

 

Single

$339.48

$45.18

 

Employee + 1 Child

$632.07

$180.22

 

Employee + Spouse

$697.06

$210.21

 

Family

$989.64

$345.25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rates are effective thru August 31, 2007.

 

 

 

 

 

Copyright 2005, SMVI