Benefits. The GM Benefits & Services Center is the best source of information for the programs listed below: DISABILITY Sickness & Accident Benefits Extended.

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Presentation transcript:

Benefits

The GM Benefits & Services Center is the best source of information for the programs listed below: DISABILITY Sickness & Accident Benefits Extended Disability Benefits Dependent Care Health Care – Entry Level Employees HEALTH CARE RELATED SERVICES Medical Dental & Vision Prescription Drug COBRA FOR BENEFIT INFORMATION AND ASSISTANCE GM BENEFITS & SERVICES CENTER GMGM (4646) TTY Continued on next slide

LAYOFF BENEFITS (SUB) LIFE INSURANCE Basic Life & Extra Accident Optional Life, Dependent Life & Personal Accident Survivor Income Benefit Insurance PENSION PLAN PERSONAL SAVINGS PLAN (PSP) OTHER SERVICES Reporting A Death Service Awards Survivor Services Unit Wage & Employment Verification

BENEFIT ELIGIBILITY MATRIX Active Health Care: Eligible for Entry level Health Care on the 91 st calendar day. This includes Dental and Vision Coverage PSP: Eligible after establishing seniority PSP Retirement contribution: 6.4% contribution after establishing seniority $1 per Compensated Hour to PSP: Eligible after establishing seniority Life Insurance: Immediately Eligible Disability: Eligible after one year of seniority Supplemental Unemployment Benefits: Eligible after 1 year of seniority Dependent Care Spending Account: Eligible after establishing seniority Profit Sharing: Eligible on date of hire

Healthcare

PSP Eligible after 90 days seniority Enroll in plan with various percentages Auto enrollment at 3% Will receive a letter prior to auto enrollment going into effect. Giving you the option not to participate.

Company Contributions A dollar per compensated hour up to 40 hours per week. This money will go into your current PSP account If you don’t have a PSP established it will go into a default account Vested after three years Forfeited if loss of job prior to three years If you rehire within 60 months it is automatically restored No loans can be taken from this account No withdrawals until separation

GM Retirement Contribution 6.4% retirement contribution Company will contribute 6.4% of eligible weekly earnings Up to 40 hours a week into a PSP Vested after three years If no employee contribution in a PSP account a default option will be used No loans can be taken from this account No withdrawals until separation

Profit Sharing Eligible to participate on date of hire For distribution based on compensated hours up to 1850 hours If you work less than 1850 hours the amount will be pro-rated according to your actual compensated hours

Dependent Care Spending Account Eligible first pay period after obtaining seniority Reimburse employees for certain covered eligible dependant care expenses Maximum benefit $5000 per plan year, $2500 if filing separate (examples of items covered are daycare, babysitting, nursery or pre-schools, etc….

Disability/S&A/EDB S&A - Sick and Accident Eligible after one year seniority 1 but less than 3 years, receive up to 26 weeks 3 or more years seniority receive 52 weeks EDB – Extended Disability Benefits 1 but less than 3 years seniority, receive 13 weeks 3 but less than 5 years seniority, receive 26 weeks 5 years but less than 10 years seniority, you will receive what you worked = time for time 10 years or more, receive until the age of 65 Wages paid while on an approved disability leave

Sub-Pay Eligible after 1 year seniority 1 but less than 3 years seniority, receive 13 weeks 3 years or more, receive 26 weeks Amount is 74% base hourly rate times 40 hours minus any state unemployment benefits received Supplemental Unemployment Benefits

Life Insurance – Entry Level Basic and extra accident insurance eligible the first day of employment at no cost to the employee Basic $45,000 Extra Accident $22,500 Optional and Dependent life Insurance available Coverage amounts and premiums vary. Contact the GM Benefits and Services Center for more information.

How to contact your Benefit Representative Normal Benefit Calls are taken through your Group Leader On sick-leave, layoff, etc… you can always call the hall at ext