Laserfiche WebLink
Provide emaccess to group-sponsored medical and dental plans <br />that foster wellness and preventative care as well as provide security and peace of mind in <br />the event of a serious condition. <br /> Provide life and disability programs for qualified employees. In lieu of participation in the <br />Federal Social Security Disability and Death Benefits program, Sample Company provides <br />full-time employees with Long-Term Disability coverage as well as Basic Life insurance <br />coverage. <br /> Offer post-employment benefits at group costs to employees who retire from Sample <br />Company service. These opportunities are offered to ensure retirees and their families <br />have access to healthcare and other services and programs as they did prior to retirement <br />from the Sample Company. <br /> Offer a menu of appropriate ancillary benefits to full-time employees. A wide array of <br />ancillary benefits is offered to employees so they may tailor their overall benefits <br />selections to meet their personal needs. <br /> Maintain a benefits burden as it relates to total compensation. Sample Company <br />burden will be calculated annually utilizing the same proce <br />and the Federal Bureau of Labor statistics. The benefits burden will be calculated by <br />dividing the costs of benefits by total compensation. The benefits burden will be no <br />greater than what is listed in these benchmarks for the private sector. <br /> <br />SAMPLE COMPANY PROJECTED BENEFITS BURDEN FOR FY 2015 <br /> <br />38% <br />35.6% <br />36% <br />34.9% <br />34% <br />31.4% <br />31.2% <br />32% <br />30% <br />28% <br />26% <br />24% <br />22% <br />Sugar Land FY15State & Local GovtPrivate SectorPrivate Sector <br />Estimate100+500+ <br /> <br /> <br />Background <br />Sample Company offers a comprehensive menu of benefits available to all full-time employees. <br />After 15 years of being fully insured, the Sample Company transitioned to partial self-funding for <br />its medical coverage in 2012 while retaining fully-insured coverage for its dental and vision <br />benefits. This decision was made in order to benefit from its relatively low claims costs when <br /> <br /> <br />