Life Insurance
Evergreen provides a basic life plan that automatically insures employees for 1 times the base salary. AD&D coverage pays 1 times the base salary to you or your beneficiary if you die or suffer certain injuries as a result of an accident.
Supplemental Life Insurance
Employees may purchase additional life insurance in multiples of salary (1x, 2x, 3x, etc.) up to a maximum of $350,000 (or 5 times annual salary, whichever is less); dependent coverage is also available. Rates are determined based on the age of the employee/dependent and coverage.
Short-Term Disability
Evergreen offers a voluntary short-term disability option for non-exempt (hourly) employees. Employees pay the cost of coverage; rates are determined based on the age of the employee. The plan provides up to 60% salary replacement after a short waiting period, when you are disabled and unable to work.
Long-Term Disability
Evergreen provides long-term disability coverage for exempt (salaried) employees. Long-term disability replaces 60% of your salary up to a maximum of $12,500 a month when you’re disabled and unable to work for an extended period.
Deferred Compensation Plan
As a public hospital district, Evergreen sponsors a 457 Deferred Compensation Plan available to all full-time, part-time and per diem employees. Employees may defer up to $15,500 or 50% of their compensation, whichever is less, on a pre-tax basis (employees 50 or older may defer an additional $5,000).
401(a) Match
This plan is available to all full-time and part-time employees scheduled to work at least 20 hours a week, upon completion of one year of continuous employment. Enrollment is the first of the quarter upon meeting the eligibility requirements. Evergreen matches 50% of deferrals up to a total match of 4%; for supervisors and above, the match is 100% up to 8%.
401(a) Base Pension
Evergreen contributes a percentage of compensation for all full-time and part-time employees scheduled to work at least 20 hours a week upon completion of one year of continuous employment in a benefit-eligible status. The contribution is based on years of service:
|
Years of Service |
Contribution |
|
1 - 3 |
1% |
|
4+ |
2% |
|
5+ |
3% |
|
6+ |
4% |
Vesting Schedule
|
Years of Service |
Vesting % |
|
0 - 1 |
0% |
|
1 - 2 |
20% |
|
2 - 3 |
40% |
|
3 - 4 |
60% |
|
4 - 5 |
80% |
|
5+ |
100% |
529 College Savings Plan
All employees are eligible for the 529 College Savings Plan, which saves money, tax free, for college.