Holidays
How long must an employee be employed to receive holiday pay?
What is 90 days.
True or False- All employees are eligible for paid time off.
False- Only full time hourly employees are eligible.
An employee must be employed full-time for a period of _____________ months as of ______________ of the current year to qualify for the Christmas Savings in order to qualify for participation.
8 months as of December 1
True or False- All employees are eligible for the company paid life insurance
False- Only Full Time Employees
Upon termination, n mployee or qualified beneficiaries may have the opportunity to continue their health insurance through an act called what?
COBRA
True or False- Employee must work the day before or after the holiday to qualify for holiday pay.
What is False.
PTO can be taken be taken in what increments?
What are 4 and 8 hours.
What is the maximum amount an employee can contribute to their Savings?
What is $40
When can an employee make changes to their beneficiaries for their retirement plan or life insurance?
Any Time!!
Per the policy manual- how much does Shively Electric contribute per month toward the insurance premiums should an employee enroll in health benefits?
$ 350
*** For the 26-27 calendar year, this increased to $455
If an employee has been working 10 hour shifts, how many hours will their holiday pay be for?
What is 8 hours.
After 8 years of employment, how many days of PTO will an employee have available?
What is 10 days.
If an employee is laid off for any period of time, will their be a Shively Electric or employee contribution?
What is no.
Shively Electric will match, dollar for dollar the employee's contribution into the retirement plan up to what percentage?
3%
What does a Section 125 plan do?
Allows employees who contribute towards the cost of their health insurance to pay on a pre-tax basis.
Name the 5 paid holidays for hourly employees.
What are
- July 4th, Thanksgiving Day, Christmas Eve, Christmas Day, and Easter Monday.
The full amount of PTO due to an employee will not be fully accumulated until what date each calendar year.
What is May 1st.
When does the savings deduction start coming out of the employees check?
What is beginning of January.
What is the name of the company that manages our retirement plan?
MFS
What is the open enrollment date currently for health care at Shively Electric.
October 1
Name the four unpaid Holidays.
New Years, Memorial, Labor Day, Day after Thanksgiving
True or False - Any PTO not taken during the year by hourly employees will be forfeited December 31st and lost.
What is False- Days will be paid out the last check in December
If an employee starts deducting $10 and in July decides they want to have $20 deducted, can they change their deduction amounts?
What is No.
Shively Electric provides full time employees with a $_________ basic group life & AD&D policy at no cost to the employee.
$20,000
what does Cobra stand for?
Consolidated Omnibus Budget Reconciliation Act