| EMPLOYEE
BENEFITS PACKAGE The following benefits are available to all full-time employees on the first day of the month following 90 days of employment, unless otherwise noted. Medical Insurance Omega offers medical insurance through United Health Care. The company pays a percentage of the premium cost for single coverage and a portion of family coverage. Employee payroll deductions are taken on a pre-tax basis. Dental Insurance Omega offers dental insurance through MetLife. The company pays a percentage of the premium cost for single coverage and a portion of family coverage. Employee payroll deductions are taken on a pre-tax basis. Life Insurance Omega provides life insurance through UNUM in the amount of $10,000 at no cost to you. Short Term Disability Omega offers short-term disability insurance through Colonial insurance. While you are unable to work because of sickness, injury or pregnancy, your disability benefits enable you to meet your ongoing financial obligations. Short-term disability insurance provides a percentage of your income in a weekly benefit for up to 11 weeks of disability. After-tax payroll deductions are determined individually, based on salary. Long Term Disability Omega offers long term disability insurance through UNUM. Long-term disability insurance provides a percentage of your income in a monthly benefit for an extended disability after 90 days of disability. After-tax payroll deductions are determined individually, based on salary. 401K Plan Omega offers a tax deferred retirement savings plan. You are eligible to begin payroll contributions on the first of the quarter following one year of employment. You may roll over monies from a former employer’s 401K plan into Omega’s 401K plan at any time. There is no waiting period for rollovers. A 1% payroll deduction will automatically be deducted from your gross pay before federal and state taxes are computed. Omega matches dollar for dollar of your contributions up to 3 percent of your gross income. Savings are invested in your choice of 14 professionally managed investment funds. Dependent Care Spending Account Dependent care spending accounts allow you to set aside a part of your salary before taxes to pay for qualifying work-related child care, elder care or other dependent care expenses. Health Care Flexible Spending Account Health care flexible spending accounts allow you to set aside a part of your salary before taxes to pay for certain expenses not covered by medical or dental plans. Paid Leave Time Paid leave time includes vacation, sick, jury duty, bereavement, emergencies and fam trip days. Leave time accrues from the date of hire at the following rate: |
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