|
International Shipholding Corporation Employee Benefits:
- PPO provided through United HealthCare Insurance Company.
Employee contribution is based upon plan selection. The medical plan also includes a
prescription card benefit.
- MetLife Preferred Dentist Program - Employees are free to go to
any dentist they choose. However, if a MetLife Preferred Dentist is utilized, charges will
be based upon the discounted fee.
- Employees are provided with coverage equal to one times annual
base salary. Premiums are company-paid. Additional coverage can be purchased for employee
and dependents.
- Coverage is equal to one times annual base salary. Premium is
company-paid. Additional coverage can be purchased for employee and dependents.
- Following 181 days of disability, an employee may be eligible to
receive long term disability benefits. The premiums for this coverage are company-paid.
- Employees have five times their annual salary in coverage for
losses due to an accident (death, dismemberment or total disability) while traveling on
company business. Premiums are company paid.
- If an employee becomes disabled, he may remain on the company's
payroll at full pay for up to 26 weeks (based on length of employment). After 26 weeks of
disability, the employee may be covered under ISC's Long Term Disability Plan.
- ISC provides two weeks, (10 days) following one
year of employment,
and three weeks, (15 days) following five years of employment.
- The defined benefit plan is fully funded by ISC. The current
vesting schedule permits retirement at age 55 after ten years of service or at age 65
after 5 years of service.
- An employee is eligible to participate in the Tax Deferred Savings
Plan following the completion of 1,000 hours of service. Employees may defer up to
seventy-five percent of their base salary into the plan. The company matches a percentage of the
employee's deferral.
The Company reserves the rights to
amend the benefits described above. Possible amendments may include, but are not limited
to, change of insurance carrier, amount of benefit, and amount of contribution toward the
cost of insurance and/or pension. |
