An employee is eligible to join the plan on January 1, April 1, July 1 or October 1 after their date of hire. Also, an employee may change the amount they contribute on January 1, April 1, July 1 or October 1 and may stop contributing and may stop contributing at any time. The Plan also provides for loans. The Plan offers a diverse selection of investment funds for all contributions and allows an employee to be their own account manager, with 24-hour access to their account. An employee may change investment options at any time using an online system, interactive telephone system or for personal assistance a toll-free customer service number.
Coverage includes medical with prescription drug and hospitalization, dental, and vision.
Employees and their dependents are eligible for healthcare benefits effective on their date of hire. Details of the healthcare coverage are explained in the Summary Plan Description booklets which employees can view on our IND Intranet. Alcatel Internetworking eligible employees are provided with a choice to elect a medical care plan. All employees who elect medical coverage under Alcatel Internetworking are provided with a choice to elect a dental care plan. Dental care covers preventive services such as checkups and cleanings as well as major services and orthodontia coverage.