Employee Benefits

Summary of Employee Benefits
January 2014
Benefit Who is Eligible When Who Pays

PAID TIME OFF (PTO)

Combines vacation, personal time, and six holidays into one program. Employees who work forty (40) hours per week accrue each pay period at the rate of twenty-two (22) days per year (proportionally for employees who work less than 40 hours per week) PTO accruals increase with each 5 years of service, up to 15 years.

FT & PT

Immediately

STPH

EXTENDED ILLNESS BANK - (EIB)

Paid Days Off – Accrues each pay period for a total of 7.8 days/year for employees who work 40 hrs. /wk. (proportionally for less than 40 hrs. /wk. on the basis of hours paid.) Payable only after missing five consecutive work days or 40 consecutive work hours, whichever is less, due to illness or, from 1st day of hospitalization or out-patient surgery.

FT & PT

Immediately

STPH

EMPLOYEE ASSISTANCE PROGRAM - (EAP)

EAP provides employees and their families confidential assessments, short-term counseling, referrals and follow-up for personal or health problems.

FT & PT

Immediately

STPH

HEALTH INSURANCE

Two (2) Health Plans for full-time or part-time employees. Dental option includes two preventative visits per year, plus orthodontic coverage. Onsite Employee Pharmacy. Premiums are paid via payroll deduction on a pre-taxed basis.

Cost for full time:

  Traditional Plan HDHP/HSA Plan *
Employee, Only $ 100/month $ 45/month
Employee, plus one $ 330/month $ 175/month 
Family $ 446/month $ 220/month
Dental Plan also available.

Cost for part time:

  Traditional Plan HDHP/HSA Plan *
Employee, Only $ 384/month  N/A 
Employee, plus one $ 730/month  N/A 
Family $ 965/month  N/A 
Vision & Dental Plan also available.

FT & PT

(PT must be scheduled to work 20 hrs. /wk. or more)

*HDHP/HSA Plan available only to F/T employees

First day of month following completion of one month of employment.

FT Employee

STPH and Employee

FLEXIBLE SPENDING ACCOUNT (FSA)

Allows a pre-taxed payroll deduction, to be set aside into the employee's account to cover two types of non-reimbursed expenses: Medical ($2,500 max) and child or dependent care ($5,000 max). This allows the employee to enjoy immediate tax savings.

FT & PT

(PT must be scheduled to work 20 hrs. /wk. or more)

First day of month following completion of one month of employment.

Employee

LIFE INSURANCE

Employee coverage = to one time the annual salary rounded up to the nearest $1,000.00.

Dependent coverage = $10,000.00 spouse / $5,000.00 child

FT

First day of month following completion of one month of employment.

STPH for employee coverage. Employee for dependent coverage

SUPPLEMENTAL LIFE (Voluntary) Term Life Insurance

Additional life insurance is available at a reasonable group rate for employee, spouse & dependents coverage. Is portable.

FT

First day of month following completion of one month of employment.

Employee

SHORT TERM DISABILITY

Pays 60% of salary with $750/week maximum benefit (excluding workers compensation) for the 6-month waiting period until Long Term Disability goes into effect. Also pays for short-term illness or accident. (14 day waiting period)

FT

First day of month following completion of one month of employment.

Employee

LONG TERM DISABILITY

Salary continuation up to 60% of your base salary after 6 months.

FT

1st day of month following completion of 1 month of employment.

STPH

EMPLOYEE BENEVOLENT FUND

A fund by and for the employees of STPH to assist those employees in financial crisis. Employee contributions may be donated through payroll deduction or cash.

All Employees

Immediately

Employee Benevolent Fund

PENSION PLAN (ING)

Defined Contribution Pension Plan. Vested after 5 years of service of working 1000 hours each year. A graduated contribution scale: 1-4yrs 2%; 5-9yrs 3.5%; 10-14yrs 5%; 15+yrs 6%.

FT & PT

Participant: after 1 year of service and work 1000 hours annually.

STPH

VOLUNTARY RETIREMENT

DEFERRED COMPENSATION 457 PLAN (Mass Mutual)

Tax shelter with accruing interest and retirement benefits.

All Employees

Immediately

Employee

403B TAX-DEFERRED ANNUITY (VALIC)- Tax sheltered with accruing interest and retirement benefits.

All Employees

Immediately

Employee

TUITION ASSISTANCE *

Hospital will reimburse pre-approved tuition for up to $2,500.00/calendar year. Please refer to Policy for more information.

FT & PT (must be scheduled to work 20 hrs. /wk. or more)

Following completion of 1year in a benefit-eligible status and approval by Dept. Head and Sr. V.P.

STPH reimburses

MEAL DISCOUNT

20% discount via payroll deduction or purchase of a cash Meal Card.

All Employees

Immediately

STPH

HOSPITAL ACCOUNT PAYROLL DEDUCTION

Convenient payroll deduction for all indebtedness to STPH

All Employees

Immediately

Employee

LOUISIANA 529 PLAN

A college savings program that offers federal and state tax incentives to assist in the financing of a college education for your child/children.

All Employees

Immediately

Employee

BEREAVEMENT PAY

For full-time employees, 3 days off with pay for immediate family;

1day for specified family. For part time employees, 1 day off with pay for immediate family only.

FT & PT (PT must be scheduled to work 20 hrs. /wk. or more)

Immediately

STPH

JURY DUTY PAY

Regular pay with time off for jury duty. Full time employees will receive pay for each day of jury duty and part time, per diem and temporary employees will receive pay for one day of jury duty.

All Employees

Immediately

STPH

WORKER'S COMPENSATION

Pays medical costs resulting from an on-duty injury or illness. Insurance carrier pays partial pay for workdays missed after a minimum of 7 calendar days according to State Law.

All Employees

Immediately

STPH

PARKING

Convenient free parking with shuttle services Monday-Friday.

All Employees

Immediately

STPH

SERVICE AWARDS

Special recognition for completion of set years and hours of service.

FT & PT

5, 10, 15, 20, 25 etc. years of service

STPH

*Scholarships sponsored by STPH Volunteers, STH Foundation and Medical Staff are available to Nursing and Allied Health students employed with St. Tammany Parish Hospital.