Most major holidays are included, as well as a Christmas holiday shutdown period. Vacation Full-time employees are eligible for vacation time as of date of employment. Vacation is advanced at January 1 of each year. Vacation will increase with service up to a maximum of 25 days per year. The Savings Plan Alcatel offers employees the opportunity to save for retirement through The Alcatel USA Retirement Savings Plan.
Employees are immediately eligible to enroll in the Plan.
The Savings Plan allows immediate rollover contributions from another qualified plan and allows participants to take a loan for any reason. The Plan provides a wide selection of investment funds, including a Brokerage account option. Extensive planning tools and educational information is available through the plan administrator website. The Consolidated Retirement Plan is a pension plan that uses a Cash Balance account formula to calculate retirement benefits. The employee makes no contributions to this plan.