Employee Benefit Highlights | 2024

Full-time
Salaried

Part-time
Salaried

WageBenefit

SummaryRetirement▪ The VRS Hybrid Retirement Plan combines thefeatures of a defined benefit plan and a defined
contribution plan
▪ Membership eligibility effective the first day ofemployment▪ Employee contributes 5% pre-tax▪ Eligible for an unreduced retirement benefit
when reach normal Social Security retirement
age and have at least five years of service
credit or when age and service equal 90

HealthInsurance
RetireePremium Credit▪ Employees with 15 or more years of service areeligible for health credit to assist with the costof the health insurance premium uponretirement▪ The credit is $4.00 for each year of service

Group LifeInsurance▪ Membership eligibility effective the first day ofemployment▪ Two kinds of insurance during active
employment — life insurance and accidental
death and dismemberment benefits are:–Group life insurance without a medicalexamination– Natural death benefits– Double indemnity for accidental death; and– Dismemberment payments for accidental
loss of one or more limbs or eyesight▪ Basic group life is equal to employee’s annual
salary rounded to the next highest thousand,and then doubled. (ex. $25,200, rounded to$26,000, and doubled to $52,000 for natural
death. This is doubled to $104,000 for
accidental death)▪ Value of group life insurance goes up withsalary increases▪ Life insurance coverage continues at no cost toemployee upon retirement. Reduces 25% eachyear on January 1 after the first full year ofretirement until it reaches 25% of the insurance
amount at retirement

Full-time
Salaried

Part-time
SalariedWage

Benefit

Summary

VRS OptionalLife Insurance▪ Employees can purchase additional life
insurance for self, spouse and/or children atgroup rates

DeferredCompensation▪ 457 Plan (Public)▪ Allows employee to defer taxes oncontributions and earnings until withdrawn atretirement or termination▪ Eligibility (optional) upon employment▪ Minimum contribution -— $10.00 per pay period▪ Maximum limit is 100% of employee’s
includable compensation or $23,000, whicheveris less, per calendar year

Cash Match
DeferredCompensation▪ Employer contributes 50% match, up to $20 perpay period

Virginia
Sicknessand Disability
Program(VSDP▪ 8–10 days sick leave per year

▪ 401A Plan▪ 4–5 days family/personal leave per year
▪ No carryover▪ Eligible for work-related disabilities from yourfirst day of employment. Eligible for non-work
related disabilities after one year of continuous
employment at 60% income replacement. After
five years, from 60–100% income replacement▪ 60% income replacement under long-term
disability after one year of continuous service

Annual Leave

Years ofService

Maximum
Semimonthly

Carryover(hours)Maximum
Payable0–4

4 hours

192 hours

192 hours

5–95 hours

240 hours

240 hours

10–14

6 hours

288 hours

288 hours

15–19

7 hours

336 hours

336 hours

20–24

8 hours

384 hours

336 hours

25+

9 hours

432 hours

336 hours▪ Balances up to maximum payable - paid
upon resignation or retirement

Employee Benefit Highlights | 20242

Full-time
Salaried

Part-time
Salaried

Wage

Benefit

Summary

Holidays Paid▪ New Year’s Day▪ Election Day▪ Martin Luther KingDay▪ Veterans Day▪ George Washington
Day▪ Thanksgiving Day▪ Memorial Day▪ The day afterThanksgiving Day▪ Juneteenth▪ Christmas Day▪ Independence Day▪ Election Day▪ Labor Day▪ Veterans Day▪ Columbus Day▪ Any other days
designed by theGovernor or thePresident of theUnited States

Military Leave▪ 21 days of paid military leave for active andreserve duty per federal fiscal year

CommunityService▪ Sixteen hours per calendar year to participate
in children’s school K-12 activities (e.g.
parent/teacher’s meeting) or community service
activities

Parental Leave▪ Employees eligible under the Family & Medical
Leave Act may take up to 320 hours following
the birth of newborn or placement of a new
child under 18 for adoption

Health Care▪ Eligibility is the first of the month▪ PPO and HMO’s (Northern Virginia only) plan
options offered▪ Each plan provides hospitalization, medical,surgical, outpatient, prescription drug, andmajor medical coverage▪ Single, Employee+One, or Family coverageavailable▪ VEDP contributes a monthly amount for
employee’s health insurance▪ Employee shares cost of plan with state▪ Pay employee contribution with pre-tax dollars

Employee Benefit Highlights | 20243

Full-time
Salaried

Part-time
SalariedWage

Benefit

Summary

MedicalReimbursement
Accounts▪ Allows employees to pay for out-of-pocket
medical, dental, and vision care expenses withpre-tax dollars up to a maximum of $2,850 percalendar year
▪ Eligibility the first of the month following
employment

Dependent
Care
Reimbursement
Account▪ Allows employees to pay dependent careexpenses for children, spouse or a parent livingin the household with pre-taxed dollars up to a
maximum of $5,000 per calendar year
▪ Eligibility the first of the month following
employment

Long-TermCare▪ Optional insurance paid by employee throughpayroll deduction

NetworkServicesProvider▪ Optional insurance paid by employee throughpayroll deduction

Employee Benefit Highlights | 20244