S.S. White® Technologies Inc.

Benefits Overview

Summary Flexible Time Off Policy Holidays Medical Insurance Life Insurance
401(k) Plan 125(k) Plan Education-Tuition Reimbursement Others

Summary

Full-time S.S. White employees enjoy a wide range of outstanding benefits as soon as they complete each plan's eligibility waiting period.

Part-time S.S. White employees are eligible for partial benefits.

temporary S.S. White employees are not entitled to any benefits.

This is only a broad summary of the company's policies and is subject to change or variance at the company's discretion. Neither this nor anything a management representative may tell you or give you in writing should necessarily be considered an employment agreement.

Many of the employee benefits are provided through outside insurance carriers. Each specific plan details its eligibility coverage, specific benefits, etc. and should be consulted regarding any specific topic.

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Flexible Time Off Policy

Exempt employees are, by law, not eligible for overtime pay.

Non-exempt employees are still considered salaried employees but are paid on an hourly basis and are eligible for overtime pay.

If you are unsure of your status, ask your supervisor or Human Resources.

During your first year of service, FTO will provide paid time off on a pro-rated basis for vacation or personal business--and sick leave [of less than five workdays].

Sick leave for a period of more than five continuous workdays will be covered under the Long-Term Disability Benefit.

Schedule for FTO:

For EXEMPT

  • LENGTH OF SERVICE : 0 to 2 years ----> 3 Weeks
  • LENGTH OF SERVICE : 2 to 7 years ----> 4 Weeks
  • LENGTH OF SERVICE : 7 + years -- ----> 5 Weeks

For Non-EXEMPT

  • LENGTH OF SERVICE : 0 to 2 years ----> 2 Weeks
  • LENGTH OF SERVICE : 2 to 7 years ----> 3 Weeks
  • LENGTH OF SERVICE : 7 + years -- ----> 4 Weeks

Jury duty, military reserve training, bereavement leave for deaths in the immediate family (up to three days) and maternity / paternity days will not be charged to FTO.

New employees can use FTO days after their first week of employment. However, if the employee ceases to be employed for 90 calendar days, he will owe the company back for the number of FTO days that were used.

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Holidays

At S.S. White, the following nine holidays are observed:

  • New Year's Day
  • President's Day
  • Memorial Day
  • Independence Day
  • Labor Day
  • Thanksgiving
  • Day After Thanksgiving
  • Christmas Eve
  • Christmas Day

The actual dates are announced within two weeks of the new year.

To be eligible for holiday pay, exempt employees must be on the active payroll for at least a week prior to the holiday.

Non-exempt and part-time employees must be on the active payroll for at least one month prior to the holiday. Additionally, you must have worked the last working day immediately before the holiday and immediately following the holiday in order to receive holiday pay, unless you have scheduled a FTO day in advance.

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Group Medical Insurance

All full time employees are eligible for coverage under the company's group health insurance plan covering hospitalization, surgical, major medical insurance and dental coverage. S.S. White shares the cost of this protection with you.

Horizon Blue Cross Blue Shield is our medical carrier.

Fortis is our Dental; Life; and Accidental Death and Dismemberment carrier.

Aetna is our Long Term Disability carrier.

Details will be provided as soon as you become eligible for the coverage.

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Life Insurance

The company provides eligible employees with life insurance coverage of two times their base salary as of the first of the year with a maximum of $125,000 under a group life insurance policy. Coverage is available when the employee is eligible for health insurance benefits. The entire cost of this benefit is paid by the company in your behalf.

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Internal Revenue Code 401(K) Plan

The Federal tax law provides that if certain conditions are met, you may contribute a portion of your pay to a retirement investment plan, and your contribution is tax-deductible.

The money earned when your contribution is invested by the plan is not taxed at the time it is earned. The income tax on this money is deferred until you retire; so that it can grow at a considerably more rapid rate than if, tax was taken out each year.

All exempt and non-exempt employees are eligible to participate in the plan after completing six months of service with S.S. White Technologies. The plan is administered by the outside investment firm, Mass Mutual. S.S. White pays one hundred percent of the administrative fees associated with this plan.

Additionally, S.S. White has announced a match for the 2005 calendar year amounting to 12.5% of an employee's contribution. More details will be given to you when you become eligible for the plan.

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Internal Revenue Code 125(K) Plan

The company has made available to all employees a 125(k) Cafeteria Plan. This plan allows you to have pre-tax dollars withheld from your paycheck to pay for health insurance premiums and other health-related costs. Enrollment takes place once a year on March 1.

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Education-Tuition Reimbursement

The company encourages its employees to continue their education and may reimburse them for the bulk of the cost of eligible courses, seminars or workshops. In some cases, attendance at seminars or workshops on job-related subjects for employees will be approved and completely paid for by management. Courses must be job-related and prior written approval should be obtained from your supervisor before attending. Employees must have one continuous year of service in order to be eligible. A minimum grade of a "B" is required. if all the criteria are met, the company may reimburse up to eighty percent.

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Additionally, S.S. White Technologies Inc. offers:

  • Long-Term Disability Insurance
  • Continuation of Medical and Dental Benefits
  • State Unemployment and Disability Insurance
  • Social Security Benefits
  • Worker's Compensation Benefits
  • Bereavement Leave
  • Paid Jury Duty
  • Direct Deposit
  • Instructional Library


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