Wealth Plans
Hourly pay x 80 hours
What is the definition of Plan Compensation for the 401(k) plan?
The two-week period where you can change your benefits for the upcoming year.
What is Annual Enrollment?
Base pay plus short-term incentive
What are the elements of total cash compensation?
Requires the Company to provide dedicated, secure Mother's Rooms
What is the Lactation Program?
Recently expanded from 3 days to 5 days
What is time off for death in the family?
Lump sum or annuity
What are distribution options from the SCE Retirement Plan?
Employer contributions based on age, service and date of retirement
What are retiree healthcare contributions?
The company recently announced this will be rolled into Base
What is STIP
A test that all selected candidates must pass in order to be employed at Edison
What is the post-offer drug screening?
C/C rating
What is the starting point for annual performance ratings?
Offers a way to purchase EIX stock at a discount
What is the Employee Stock Purchase Plan (ESPP)?
HCRA, DCRA, Vacation Buy, Vacation Cash Out,
What are plans that don't roll over year-to-year and must be re-elected?
What is the compa-ratio?
Employees subject to random drug screens
What are pilots, employees in the DOT program, and employees identified as fitness for duty or reasonable suspicion?
Age 55 with 5 years of service
What is the Company's definition of retirement?
For each month you work 1 hour, you earn 190 hours of service up to 1,000 per year
What is vesting service?
Is used to determine coverage end date for medical, dental and vision coverage.
What is the last day worked?
Minimum, Midpoint, Maximum
What is the salary grade range?
Requires queries to be run at time of hire for employees in the DOT program and annually thereafter.
What is the Federal Motor Carrier Safety Administration (FMCSA)?
Tool available through the EIX Benefits Connection that displays base pay, variable pay and benefit values
What is the Total Compensation Statement?
Pay credits, retiree health care credits and interest credits
What are the types of contributions that are part of the Cash Balance Plan?
Additional premiums required for high income earning retirees
What is the Income Related Reimbursement Amount (IRMAA)?
Represents pay range data for jobs with similar market value
What is a salary structure?
Training that leaders who have employeees in the DOT program are required to take at least one-time.
What is Reasonable Suspicion Training?
Restoration of prior service 12 months after being rehired
What is service bridging?