| MEDICAL AND DENTAL INSURANCE |
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Employees receive a monthly contribution toward this insurance. For 2004, Revenue will subsidize the premium amount above the state contribution. Various medical and dental plans are available to choose from depending on employees’ place of residence/work.
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| DEPENDENT CARE ACCOUNT |
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Employees may elect to have money withheld from their paychecks on a pretax basis to reimburse themselves for qualified dependent care expenses that are necessary so they or their spouse can work.
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| LIFE AND DISABILITY INSURANCE |
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| Basic Life Insurance (mandatory) |
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$5,000 coverage on employees. Premium is deducted from employees’ monthly insurance contribution.
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| Following are optional insurances. Premiums are paid by employees. |
| Employee Life Insurance |
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Coverage from $20,000 to $400,000. Amounts above $20,000 subject to carrier approval. |
| Spouse/Domestic Partner Life Insurance |
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Same as above. |
| Dependent Life Insurance |
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$5,000 coverage. Covers all eligible dependents. |
Accidental Death and
Dismemberment Insurance |
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Coverage from $50,000 to $500,000. Dependents can be included and are insured for a percentage of the employee's coverage amount.
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| Short-Term Disability Insurance |
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Income protection for short-term disability of employee due to pregnancy or off-the-job illness/injuries. Benefit is 60 percent of weekly earnings for a maximum of 13 weeks, normally following a one-week waiting period.
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| Long-Term Disability Insurance |
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Income protection for long-term disability of employee. Several plans available with either 90-day waiting period or 180-day waiting period before benefits could begin. Two benefit levels are available (60 percent of monthly salary or 66 2/3 percent of monthly salary). |
| Long-Term Care Insurance |
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Provides monthly benefits towards long-term care, assisted living, adult foster care, residential care, and home care. Guaranteed levels of coverage available if employee enrolls within first 60 days of hire. Higher levels are subject to carrier approval as are requests for coverage on spouse or other eligible family members. |
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| TIME OFF |
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| Vacation Leave |
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-Monthly Leave Accruals-
Bargaining
Years of Unit Mgmt/Exec
Service Employees Employees
Hire through 5 yrs. 8 hrs. 10 hrs.
6 through 10 yrs. 10 hrs. 11.34 hrs.
11 through 15 yrs. 12 hrs. 13.34 hrs.
16 through 20 yrs. 14 hrs. 15.34 hrs.
After 20 years 16 hrs. 17.34 hrs.
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| Sick Leave |
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Eight hours of sick leave per month. |
| Holidays |
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New Year’s Day, Martin Luther King Jr. Day, Presidents’ Day, Memorial Day, Fourth of July, Labor Day, Veterans’ Day, Thanksgiving, and Christmas. Bargaining unit employees receive one additional "special" day off during either the Thanksgiving or Christmas/New Year holiday period, a benefit normally extended to management/executive service employees, too. |
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| OTHER BENEFITS |
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| Retirement |
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Revenue currently participates in the Public Employees Retirement System (PERS) and the Oregon Public Service Retirement Plan (OPSRP). Employees normally become eligible for membership the first of the month following completion of six full calendar months of service. Benefits include pension, disability, and death benefits. Employees’ share of the retirement contribution is 6 percent of salary, but Revenue currently pays that on behalf of employees. Should employees leave the retirement plan prior to retirement, they normally can withdraw that employee portion, but it may be subject to income tax and a 10 percent penalty. |
| Oregon Savings Growth Plan |
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This is a 457 deferred compensation plan that allows employees to save toward retirement by contributing a portion of their salary to the plan on a pretax basis. Contributions plus earnings grow on a tax-deferred basis until distributed. Employees may contribute as little as $25 per month or may contribute up to 25 percent of their monthly salary. Maximum annual contribution is $8500 or 25 percent of gross income, whichever is less. Employees choose from a number of investment options. Funds generally cannot be withdrawn until the employee retires or separates from state service. |
| U.S. Savings Bonds |
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Available for purchase through payroll deduction. |
| Credit Unions |
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Several are available to employees. Direct deposit of paychecks is usually available and/or savings or loan repayment deductions. |
| Employee Assistance Program (EAP) |
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Provides access to free, confidential professional counseling to help employees and their families deal with difficult personal issues such as marital or financial difficulties, parenting problems, stress at home or work, emotional or psychological issues, aging or ailing family members, or alcohol and drug abuse. |
| Employee Training and Development |
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Revenue is committed to investing in its employees' futures and careers through in-house and external workshops, seminars, and meetings. |
