Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

Benefits Summary 2010

VIEWS: 5 PAGES: 2

									               BVARI
               Boston VA Research Institute, Inc.
               150 S. Huntington Avenue (151B)
               Boston, MA 02130
               Telephone: (617) 738-1313 Fax: (617)738-8480
               www.bvari.org


                                       As of January 2010
Below is an outline of the benefits offered to BVARI full-time employees:

       Health Insurance and Dental Insurance:
       BVARI offers a health and dental insurance plan to its full-time employees. The program is
       administered by Blue Cross and Blue Shield and provides both network and out-of-network
       coverage. You and BVARI share the premium cost. Actual contributions amounts will be
       available to you upon your date of hire. You will become eligible for your health and dental
       insurance on the first day of employment. Part-time employees are also eligible for this plan but
       must pay the entire BVARI plan premium price out of pocket. The State of Massachusetts
       requires that all residents must have health insurance or face a tax penalty. If you have other
       health insurance, you must complete a health insurance waiver form. Open enrollment for this
       plan will be June of each calendar year.

       Sentinel Benefits:
       Flex Choice FSA covers an extensive range of out-of-pocket expenses. This included
       everything from healthcare deductibles and co-pays, to orthodontics, eyeglasses, and over-
       the-counter medications. It can help you better prepare for and manage unavoidable out-
       of-pocket costs while reducing your taxes. This will be deducted on a per pay period
       basis and the amount will be stipulated by the employee. All unused balances will be
       forfeit at the end of the calendar year, and all balances must be repaid prior to termination
       of employment. Open enrollment for this plan will be December of each calendar year.

       Life and Accidental Death and Dismemberment Insurance:
       All active, full-time (30 or more hours weekly) employees who are U.S. citizens or U.S. residents
       are covered by a life and AD&D insurance policy through The Hartford which is equal to two
       times his/her annual base salary up to a maximum of $100,000. This is a BVARI sponsored plan.

       Disability Insurance:
       BVARI offers all active, full-time (30 or more hours weekly) employees who are U.S. citizens or
       U.S. residents are covered by short- and long-term disability insurance through The Hartford.
       This is a BVARI sponsored plan. You have the option of choosing to pay tax on the premium, or
       to pay tax when/if you receive the disability benefit. Specific information on Short Term
       Disability, Long Term Disability, Life and Accidental Death and Dismemberment Insurance can
       be obtained in the plan description booklet entitled “Group Benefit Plan.”

       Employee Assistance Program:
       The BVARI sponsored Employee Assistance Program, through Ceridian Lifeworks, is designed to
       assist employee with all life changing events and issues that may arise. This is a no cost program
       available 24/7, to offer help and support. The experienced and caring professionals offer personal
       and confidential advice, online or on the phone.

5/26/2010 3:25 AM                                D:\Docstoc\Working\pdf\f32f2948-e0e9-4118-b883-
d30a00b9f5ff.doc
       Ethics Hotline:
       The BVARI sponsored program through Ceridian, Inc. is an anonymous and confidential method
       of hearing employees concerns, suggestions and reports of misconduct. Our goal is to assure and
       enhance the integrity, people, processes, and assets needed by all stakeholders of BVARI. We
       believe that BVARI's viability and integrity depend on the protection of our critical assets,
       including our people, physical assets, and our information. There are two methods of submitting a
       report- via telephone and through the web site.

       Retirement Plan:
       BVARI has implemented a retirement plan, which you can contribute to at any time during your
       employment. Upon completion of all service and hours requirements, BVARI will contribute a
       discretionary matching contribution and a Board Designated contribution to all full-time
       employees retirement plan. Please see the Director of Human Resources, Ivette Arias, for further
       details on matching contributions and other plan highlights. We will have quarterly enrollment,
       changes and financial analysis meetings with the Plan Analyst, Gary Najarian.

       MBTA Corporate T-pass Program:
       BVARI will provide monthly Charlie Cards or Tickets to full-time employees to include an 80%
       monthly contribution from BVARI. In order to qualify, employees must enroll in the BVARI
       corporate t-pass program, and sign a fraud and use policy agreement. The difference of the t-pass
       price and the monthly BVARI contribution will be deducted through payroll withholding at the
       end of each month. Termination from the program must be in writing, or upon termination of
       employment.

       Earned Time Benefits:
       Rather than offering, sick time and vacation time benefits, BVARI has an earned-time benefit
       program, which allows you to select the way you are paid for the days you request time off. The
       accrual rates are available in the personnel manual, which is on the BVARI website,
       www.bvari.org . Part-time employees who work over 20 hours per week will accrue at a pro-rated
       rate. The total amount of hours available for carry over to the following fiscal year is 160 hours.

       Holidays:
       BVARI observes ten paid federal holidays per year. You must be scheduled to work on the
       observed holiday in order to receive compensation. Part-time employees who work over the 20-
       hour workweek will be paid at a pro-rated rate.


       BVARI Website:
       www.bvari.org




5/26/2010 3:25 AM                                D:\Docstoc\Working\pdf\f32f2948-e0e9-4118-b883-
d30a00b9f5ff.doc

								
To top