Benefits Package
Time Off
Paid Time Off (PTO)PTO accrues at 5.3846 hours per pay period (prorated in first year and increasing after five, ten, fifteen, twenty and twenty-five calendar years). PTO can be used for your scheduled vacation, sick time or other personal needs.
Extended Disability Leave (EDL)
Certified disabilities lasting eleven or more consecutive days are paid at 100 percent of salary less money paid by a second party. The benefit is paid based on the length of your service (six weeks of salary for seven months through two calendar years of service, twelve weeks of your salary for three or more calendar years of service).
Long Term Disability
After ninety days of certified disability or when EDL is exhausted (whichever occurs later), LTD will pay 66.66 percent 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 5 free sessions per family member, per incident. Additional phone support services are available on an unlimited basis and include financial consultations, pre-retirement counseling, child care consultations, elder care consultations, federal taxpayer consultation and representation, legal counseling and organizational management.
Educational Assistance
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 are reimbursed up to 100 percent. You will be reimbursed for books and preapproved courses for which you receive a grade of C or above.
Wellness Reimbursement
After six months of service, you may be reimbursed for 50 percent of annual expenses for health club membership dues, smoking cessation or weight loss programs, etc. $500 maximum reimbursement per year. (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 per the IRS annual guidelines.
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
Corporate Performance PlanOffered at the discretion of the Board of Directors, a percentage (up to 15 percent) of your annual compensation is placed in a tax-deferred account. You are 20 percent vested in that account after two years, 50 percent vested after three years, 60 percent after four years, 80 percent after five years, and 100 percent after six years. You elect how the money is invested.
After-Tax Contribution Option
You can have a portion of your salary invested in the Corporate Performance Plan on an after-tax basis. Funds can be invested in the same or different manner as the company Corporate Performance contribution.
You may check your investments daily via the Internet and take out loans per the plan provisions on either of the plans listed above.
Pre-Tax Contribution Option
You can have a portion of your salary invested in the Corporate Performance Plan on a pre-tax basis. Funds can be invested in the same or different manner as the company Corporate Performance contribution.
Retirement Plan
1.5 percent of average monthly salary from the highest five service years multiplied by your total service years (thirty maximum) paid upon retirement. You are 20 percent vested in that account after three years, 40 percent after four years, 60 percent after five years, 80 percent after six years and 100 percent after seven years.
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Life Insurance
Group Term LifeYou are covered for two times your annual salary for Group Term Life up to a maximum of $850,000. Additional coverage for Accidental Death & Dismemberment (AD&D) of two 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 one time to up to five 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, PVA 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 four 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 the HMO or PPO 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 $1,000 (per individual) and $2,000 (per family). There are no calendar-year deductibles. Premiums can be deducted on a pre-tax basis.
PPO (Shield Spectrum PPO 250 90/70 Standard)
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 are no calendar-year deductibles. Calendar-year copayment maximums are $2,000.
Prescriptions
Both the HMO and PPO plans include prescription drug coverage with a $10 copayment for generic drugs, a $15 copayment for formulary or name brand prescriptions or a $30 copayment for nonformulary drugs at participating network pharmacies. Both plans provide a thirty-day supply for prescriptions and also offer mail-order services with a $20 copayment for generic drugs, a $30 copayment for formulary or name brand prescriptions or a $60 copayment for nonformulary drugs at participating pharmacies. Mail-order services provide a ninety-day supply for prescriptions.
Dental
Includes 100% coverage for diagnostic and preventive services, 100% coverage for general services and 60% coverage for major services after $25 ($75 per family) annual deductible in-network and $50 ($150 per family) out-of-network. 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 percent with $20 deductible; allotment for frames every twenty-four months and lenses/contacts every twelve 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 through some of the nation’s finest doctors and laser surgery centers.
Flexible Spending Account
Offered on an employee-elected basis, you may deduct your medical premium contribution from your paycheck on a pre-tax basis or deposit pre-tax dollars in a Section 125 Flexible Spending Account to use in the payment of healthcare or dependent care expenses.
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