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Benefit
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Who is Eligible?
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Who Pays?
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Eligibility/Benefit Details
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FT
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PT
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PRN/TEMP
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YOU
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CVMC
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Financial Services
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| Savings Bonds |
X
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X
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X
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Eligible upon employment. Employees may payroll deduct any amount per pay period to purchase U.S. Savings Bonds. |
Local Government Federal Credit Union
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X
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X
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X
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X
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Eligible upon employment. All employees are eligible for membership in the Local Government Federal Credit Union (LGFCU). Contact your local branch for more information about membership and benefits. |
| BB&T@ Work |
X
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X
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X
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X
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Eligible upon employment. All employees are eligible for free checking with direct deposit, online banking, discounts on loans, etc. Contact your local branch or Human Resources for more information. |
| Wachovia @ Work |
X
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X
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X
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X
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Eligible upon employment. All employees are eligible for free checking with direct deposit, online banking, discounts on loans, etc. Contact your local branch or Human Resources for more information. |
| Disability Protection Plans |
| Short-Term Disability |
X
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X
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Eligible begins the first day of the month after one (1) year of full-time employment. If approved, employees will receive 60% of their base salary commencing on the eighth day of disability or first day for injuries for a period up to a maximum of 26 weeks, as long as the employee is totally disabled and under the care of a healthcare provider. |
| Long-Term Disability |
X
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X
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Eligibility begins the first day of the month after one (1) year of full-time employment. If approved, employees will receive 60% of their base salary after a six (6) month waiting period. |
Insurance Plans
*Part-time employees must be scheduled to work 20 hours a week to be eligible for these benefits. |
| Medical Insurance* |
X
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X
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X
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X
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Eligibility begins the first day of the month after 30-day waiting period. Employees and their eligible dependents may participate in a group medical plan that covers hospital, physician, emergency room, and other services. |
| Dental Insurance* |
X
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X
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X
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X
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Eligibility begins the first day of the month after 90-day waiting period. Employees and their eligible dependents may participate in the group dental plan that covers preventive, basic, major, and orthodontic services up to a maximum of $1000 per year. Late enrollees benefits are reduced to $100 the first 12 months. |
| Medical Flexible Spending Account* |
X
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X
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X
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Annual Enrollment. Employees can elect to set aside funds from their paycheck pre-tax to reimburse them for qualified expenses for themselves, their spouse, and any dependents claimed on their federal tax return. Minimum annual amount $500. Maximum annual amount $5000. Employee is responsible for paying administrative fee (pre-tax). |
| Basic Life and AD&D Insurance |
X
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X
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Eligibility begins the first day of the month after 90-day waiting period. CVMC pays the cost for eligible employees to receive one (1) multiple of their annual base salary in term life and AD&D insurance coverage. Maximum of $300,000. |
| Optional Life and AD&D Insurance |
X
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X
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Eligibility begins the first day of the month after 90-day waiting period. Employees may elect up to three (3) multiples of their annual base salary in term life and AD&D insurance coverage for .22 cents per thousand per month. Late applicants must complete a health questionnaire and be approved for coverage. Maximum of $300,000. |
| Dependent Life Insurance |
X
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X
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Eligibility begins the first day of the month after 90-day waiting period. Eligible employees may elect to cover dependents in a life insurance program. Coverage is $250 for children under 6 months, $2500 for children over 6 months, and $5000 for spouse. The cost is .58 per pay period. Late applicants must complete a health questionnaire and be approved for coverage. |
| Prescription Plan* |
X
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X
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X
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X
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Eligibility begins the first day of the month after 30-day waiting period. CVMC offers a prescription drug plan through the medical plan. Participants of the medical plan may utilize the employee pharmacy, a participating retail pharmacy or mail order program to have prescriptions filled.
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| Family Life Insurance |
X
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X
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X
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Annual enrollment. Eligible employees may elect to participate in a voluntary universal life insurance program. Annual enrollment is in the fall each year. |
| Worker's Compensation |
X
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X
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X
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X
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Eligible upon employment. All employees are protected under worker's compensation while performing their job duties. |
| Paid Time Off |
| Bereavement Pay |
X
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X
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Eligible upon employment. Employees may receive up to 24 hours of paid leave for the purpose of attending the funeral, comforting survivors, and/or settling family business resulting from the death of an immediate family member. |
| Jury Duty |
X
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X
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Eligible upon employment. Eligible employees will be compensated for time away from their job to serve as a juror. |
| Paid Time Off Accrual |
X
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X
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X
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Accruals start upon employment; eligible to receive benefits after 90-day waiting period. Full-time employees accrue hours each pay period based on years of service; part-time employees accrue hours each pay period based on years of service and hours worked. Maximum number of hours allowed in bank is 320 hours.
Full Time Accrual Rate:
Less than 1 year...6.77 hrs / pay period
1 to 5 years...7.39 hrs / pay period
6 to 15 years...8.31 hrs / pay period
16 years or more...9.23 hrs / pay period
Part Time Accrual Rate:
Based on years of service and the number of hours worked per pay period.
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| PTO Cash-In |
X
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X
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X
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Eligible after one (1) year of employment and a PTO balance of 120 hours. Employees can cash-in PTO hours in any amount between 40 and 80 hours a pay period if they are unable to use them. A minimum of 80 hours must remain in your PTO bank after cash-in. |
| Retirement |
Retirement Recognition
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X
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X
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X
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X
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Eligible at age fifty-five (55) after working 10 continuous years or at age sixty-five (65) after working 5 continuous years of service. Eligible employees will receive a monetary gift and honored with a reception. |
| Pension Plan |
X
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X
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X
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Eligible after one (1) year of employment and after working 1000 hours. Employees are automatically enrolled in the pension plan upon working 1000 hours in a plan year. The hospital contributes 1% of the employee's annual salary for each year of service. Employees are fully vested after five (5) years of service. |
| 457 Deferred Compensation Plan |
X
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X
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X
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X
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Eligible upon employment. Employees may elect to enroll in the CVMC 457 DCP Plan. Employees may contribute up to the allowable maximum on an annual basis as set forth by the IRS. CVMC matches employee contributions based on years of service:
1 to 5 years.......15.00%
6 to 10 years.....17.50%
11 to 15 years...20.00%
16 to 20 years...22.50%
21 years and over.....25.00% |
Other Benefits
*Part-time employees must be scheduled to work 20 hours a week to be eligible for these benefits. |
| Dependent Care Spending Account* |
X
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X
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X
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Annual Enrollment. Employees can elect to set aside funds from their paycheck pre-tax to reimburse them for daycare expenses provided for their dependents so that they (and their spouse, if married) can work. Minimum annual amount $500. Maximum annual amount $5,000. Employee is responsible for paying administrative fee (pre-tax). |
| Educational Assistance Program |
X
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X
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Eligible after 3-month probationary period. Employees may receive up to $1000 per fiscal year for study toward a graduate or under graduate degree or diploma at an accredited community college, 4-year college or university. |
| Employee Assistance Program - EAP |
X
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X
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X
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X
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Eligible upon employment. All employees and their family members are eligible to receive a total of six (6) no-cost sessions with a professional counselor. More information available on the CVMC Intranet Employee tab.
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| Employee Recognition Programs |
X
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X
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X
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X
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Eligible upon employment.
Service Awards
Departmental/Occupational Recognition
C.A.R.E. Awards
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| Discounts & Memberships |
X
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X
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X
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Eligible upon employment
- AAA of the Carolinas - Eligible for membership with no joining fee. Payroll deduction available.
- Cafeteria - 30% discount
- Catawba Science Center - Free family membership
- Carolina Ear, Nose & Throat Head & Neck Surgery Center - 20% discount on all hearing aid purchases for CVMC staff and family members
- Graystone Ear, Nose & Throat - 20% discount on all hearing aid purchases for CVMC staff and family members
- Graystone Eye- 20% discount on eye exams not covered by insurance, 20% discount on eyeglasses, and 15% discount on contacts for employees; LASIK discount for employees and family members.
- Magnolia Square - 10% discount on items over $5.00 (excluding flowers, cards, candy, gum, and sale items)
- Premier Discount Purchase Program - various discounts including Sprint, Verizon, etc.
- Sam's Club Membership - Employees can receive a $10 discount on membership. See HR for more details.
More information available on the CVMC Intranet Employee tab.
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Health 4 Us
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X
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X
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X
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X
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Eligible upon employment. The willness program conducts voluntary health risk assessment screenings every year. Participating employees have the opportunity to earn willness points, which can be cashed in for a wellness bonus once a year.
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| Fitness Plus Membership |
X
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X
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X
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X
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X
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Eligible upon employment. Employees are eligible to join the Fitness Plus (Health & Fitness Center) at a discounted membership rate. |
| YMCA Membership |
X
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X
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X
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X
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Eligible upon employment. Employees are eligible to join the YMCA @ Work corporate membership program. More information available on the CVMC Intranet Employee tab.
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| Employee Health Program |
X
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X
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X
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X
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Eligible upon employment. Employees receive flu vaccines, immunizations and annual screening (TB skin test and mask fit testing) as necessary.
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