The Company pays the full cost of this insurance. Employees may optionally elect to pay the full cost of this insurance so that any disability benefits received under this policy will not be subject to income tax. Workers' Compensation Insurance Employees are covered by Workers' Compensation Insurance for injuries sustained on the job. The Company will provide assistance in obtaining these benefits. Company matched funds and investment returns vest immediately to the employee.
New employees are eligible to join the plan in the calendar quarter following their hire date.
Rollovers and loans are available. Retirement Medical Benefits Full-time employees may retire after age 55 with ten years of service, or after age 65 with five years of service. Retirees and their spouses are eligible to continue in the group medical benefit plan until age 65 without a physical examination if they have been part of this program at the time of retirement. A premium reimbursement program is offered to eligible retirees who are age 65 or older to offset the cost of individually obtained Medicare supplemental insurance. The Company pays a portion of the medical insurance and premium reimbursement cost based on years of service.