Benefits Package
Time Off
Paid Time Off (PTO)PTO accrues at 5.3846 hours per pay period (prorated in 1st year and increasing after 5, 10, 15, 20 and 25 calendar years). PTO can be used for your scheduled vacation, sick time or other personal needs.
Extended Disability Leave (EDL)
Certified disabilities lasting 11 or more consecutive days are paid at 100% of salary less money paid by a third party. The benefit is paid based on the length of your service (6 weeks of salary for 7 months through 2 calendar years of service, 12 weeks of your salary for 3 or more calendar years of service).
Long Term Disability
After 90 days of certified disability or when EDL is exhausted (whichever occurs later), LTD will pay 66.66% of your salary up to $10,000 per month. If you elect to pay the tax on the LTD premium, any future LTD benefits will be tax-free.
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Additional Perks
Employee Assistance ProgramAvailable to employees working a minimum of 21 hours per week, our Employee Assistance Program offers confidential clinical counseling services for you, your family and/or your legal spouse/domestic partner. The plan provides up to 5 free in-person sessions per household member, per concern, per year. Additional phone support services are available on an unlimited basis and include financial consultations, child care consultations, elder care consultations, legal counseling, and a nurse advice line.
Educational Assistance
Available to employees who work 30+ hours a week. Just because you start working at NORCAL doesn’t mean you have to stop learning. Off-the-job development activities that tie in with the company may be reimbursed up to 100%. You may be reimbursed for books and pre-approved courses for which you receive a grade of C or above.
Wellness Reimbursement
After 6 months of service, you may be reimbursed 50% (up to $500 per year) of your annual expenses for health club membership dues, smoking cessation or weight loss programs, etc. (Receipts must be submitted to qualify for reimbursement.)
Credit Union
Offered on an employee-elected basis, provides special rates on your checking, saving and investment accounts.
Tax-Free Parking & Transportation Reimbursement Plan
Offered on an employee-elected basis, you may put aside pre-tax dollars to pay for certain work-related parking and/or transportation expenses. Only expenses for qualified work-related parking and transportation under Internal Revenue Code (IRC) section 132(f) are eligible for reimbursement under the plans.
Unless otherwise noted, benefits become effective on the date of your hire. This information is intended for general reference only and does not include every provision or exclusion. Specific provisions of these plans are governed by the individual Plan Summary. This summary does not constitute an offer or guarantee of employment and NORCAL reserves the right to supplement, rescind or change its benefits program at its sole discretion at any time.
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Retirement Plans
401(k) PlanEmployees are able to defer on a pre-tax basis up to 100% of eligible pay. Participating in the 401(k) plan provides employees with an added benefit by reducing their income for Federal income tax purposes since deferrals are made on a pre-tax basis, which, in turn, reduces employee's tax obligation.
NORCAL will match on a biweekly basis dollar for dollar up to 5% of eligible compensation that employees defer. Eligibility for the match requires one year of service and the match becomes immediately 100% vested. Additionally, after one year of service, employees are eligible to receive an annual discretionary company contribution, calculated and paid at the end of each calendar year. This vesting schedule for this contribution is 20% at 2 years, 50% at 3 years, 60% at 4 years, 80% at 5 years and 100% vested at 6 years of service.
You may check your investments daily via the plan administrator's website and may be eligible to take out loans per the 401(k) plan provisions.
Pension Plan
NORCAL's pension plan provides retirement income to employees calculated using a formula that uses years of service and eligible earnings. Funding for this benefit is the responsibility of NORCAL.
The formula for calculating the earned pension benefit is: 1.5% times average monthly salary from the highest 5 service years multiplied by your total years of service (30 maximum). This benefit will be paid to you at the time of retirement based on the annuity option you elect at that time. Employees are 20% vested in the plan after 3 years, 40% after 4 years, 60% after 5 years, and 80% after 6 years and fully vested after 7 years.
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Life Insurance
Group Term LifeYou are covered for 2 times your annual salary for Group Term Life up to a maximum of $850,000. Additional coverage for Accidental Death & Dismemberment (AD&D) of 2 times your annual salary up to a maximum of $850,000 is also provided.
Group Universal Life (GUL)
Offered on an employee-elected basis, you may purchase coverage in a multiple of your salary, from 1 time to up to 5 times annual salary. Additional Accidental Death & Dismemberment (AD&D) coverage is also available. You may also choose to save money in a Cash Value account and earn tax-deferred interest. Coverage and the Cash Value account are also available to your spouse. Dependent
child(ren) coverage is available for a flat amount of $10,000 per child. You and your covered dependents can take your coverage with you when you leave the company.
Personal Voluntary Accident (PVA)
Offered on an employee-elected basis, provides optional accident insurance with single or family coverage available from $25,000 to $250,000.
Business Travel Accident Insurance
If accidental death or dismemberment happens on company business travel, coverage is 4 times your annual salary (minimum benefit $50,000, maximum benefit $250,000).
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Health Insurance
Health insurance benefits are effective on the date of your hire and are available to you and your lawful spouse, domestic partner, and/or eligible dependents. You may choose participation in either of the HMO plans or PPO plan each calendar year.HMO (Access+ HMO Plan 10)
Services available when they are provided or authorized by your primary care physician in your participating Medical Group/IPA, although you may self-refer to a specialist in your participating Medical Group/IPA with a $30 copayment. For each type of service provided there are applicable copayments with calendar-year copayment maximums of $1,500 (per individual) and $3,000 (per family). There are no calendar-year deductibles. Premiums can be deducted on a pre-tax basis.
PPO (Shield Spectrum PPO 250 90/70 Premier)
Allows the freedom to choose your own doctors and hospitals for all of your healthcare needs. Does not require authorization from a primary care physician before seeing a specialist. There is a $250 calendar-year deductible. Calendar-year copayment maximums are $1,000 per individual, $2,000 per family. Premiums can be deducted on a pre-tax basis.
HMO (Traditional Plan)
Services available when they are provided or authorized by your primary care physician. There is no calendar year deductible. Calendar year copayment maximums are $1,500 per individual, $3,000 per family. Premiums can be deducted on a pre tax basis.
Blue Shield HMO and PPO plans include prescription drug coverage with a $10 co-payment for generic drugs, a $30 co-payment for formulary or name brand prescriptions or a $50 co-payment for non-formulary drugs at participating network pharmacies. Both plans provide a 30-day supply for prescriptions and also offer mail-order services with a $20 co-payment for generic drugs, a $60 co-payment for formulary or name brand prescriptions or a $100 co-payment for non-formulary drugs at participating pharmacies. Mail-order services provide a 90-day supply for prescriptions.
Kaiser prescription drug coverage from plan pharmacies or mail order services is $10 for generic drugs, and $15 for brand name drugs. Both pharmacy and mail order provide a 100-day supply.
Dental
Includes 100% coverage for in-network diagnostic and preventive services, 100% coverage for general services and 60% coverage for major services after $25 ($75 per family) annual deductible. Your annual benefit is $2,000. Orthodontic coverage is available with a $1,500 lifetime maximum (adults and children). Network of dental providers is available online.
Vision
Annual eye exam covered at 100% with $20 deductible; allotment for frames every 12 months and lenses/contacts every 12 months. Computer VisionCare (CVC) benefits also available providing for additional examination, special prescription lenses and vision therapy. Laser vision surgery benefits are available and include a free consultation and evaluation plus access to the procedure at a reduced cost.
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