Salaried Employee benefits

As of 1-1-2006

HEALTH CARE

A variety of medical and dental options are available to cover the majority of your health care needs and to provide you and your eligible dependents with coverage for extraordinary expenses.

  • When Coverage Begins
    • Coverage for you and your eligible dependents begins on your date of hire.
  • Annual Enrollment
    If you are enrolled in one of the medical/dental plans NASSCO offers, you may change to one of the other medical/dental plans during the annual enrollment period which is two weeks in November each year. Once you change your medical or dental plan or both to another medical/dental plan, your new coverage becomes effective the following January.
  • New Dependents
    To have coverage from the time you acquire a new dependent, you must enroll him or her within 31 days following the date you acquire the new dependent. Coverage becomes effective on the date of the qualifying event. If you fail to enroll the dependent during the 31-day period, you may enroll them during annual enrollment (November), in which case coverage becomes effective the following January.
  • Health Plans Currently Available
    Currently, NASSCO offers its salaried employees the following health plans:
    • Kaiser Medical Plans
    • Pacificare Medical Plans
    • Empire (Blue Cross Blue Shield)
    • SIMNSA Medical Plan
    • DeltaCare PMI Base Dental Plan
    • Delta Dental Buy-up Plan
    • Liberty Dental Plans - Base or Buy-up Plan

INCOME PROTECTION & SURVIVOR BENEFITS

You are eligible for coverage if you are a full-time salaried employee. Currently, NASSCO offers its salaried employees the following life insurance benefits:

  • Life Insurance
  • Disability Insurance - Short and Long Term
  • Accidental Death and Dismemberment
  • Business Travel Accident Plan

FINANCIAL PROGRAMS

  • 401(k)
    • You can enroll in the Plan at anytime following your hire date.
    • Eligible participants can defer from 1 to 50% (level of contribution percentage may be subject to Internal Revenue Service limitations) on a pre-tax or after-tax basis.
    • Company match is dollar-for-dollar for contributions up to four percent, and a 50 cent match on the next two percent
    • 8 fund choices:
      • Fixed Income
      • Bond Index
      • Balanced
      • S&P 500 Index
      • Small Cap Index
      • General Dynamics Stock Fund
      • Large Cap Growth Fund
      • Large Cap Value Fund
  • Flexible Benefit Plan (Section 125 Plan)
    • Employees can use pre-tax dollars for:
      • Group Insurance Premiums
      • Unreimbursed Medical Expenses
      • Dependent Care Costs

The above is intended to represent a summary of NASSCO benefits. Should there be conflict between this information and that appearing in plan documents or summary plan descriptions, provisions in the plans will apply. NASSCO may alter or discontinue these benefits at any time, with or without notice.

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