Summary of Jefferson Lab Programs for New Hires

RETIREMENT: Teachers Insurance & Annuity Association/College Retirement Equities Fund (TIAA/CREF). JSA/JLab provides a 401(k) defined contribution plan that provides benefits through annuities. JSA/JLab will make a 9% base salary compensation contribution in lieu of a matching feature on the plan. The 9% contribution will be made by the Lab even if employees waive participation.

HEALTH PLAN: All Jefferson Lab regular and term employees are required to participate in the Lab's medical insurance program or certify that they are covered under a comparable medical insurance plan. You may elect one of our health plans. You may choose among the following plans: an Anthem KeyCare Preferred Provider Plan, Optima HMO Plan from Sentara, or Anthem HealthKeepers -POS. Jefferson Lab pays approximately 75% of the total cost of the premium and you pay approximately 25% of the total cost of the premium. Health insurance is effective on the date of hire.

DENTAL PLAN: You may elect to participate in the Dental Plan, which is currently administered by Delta Dental of Virginia. Jefferson Lab pays 75% of the total cost of the premium and you pay 25% of the total cost of the premium. Dental insurance is effective on the date of hire.

FLEXIBLE BENEFITS PLAN: You may elect to participate in the Flexible Benefits Plan, which is currently administered by Total Administrative Services Inc (TASC). The plan allows you to get a tax break on qualifying out-of-pocket medical expenses and dependent care expenses. You can set aside up to $2500 per calendar year per account for the healthcare and/or $5000 per calendar year per account for the dependent care flexible benefit.

LIFE INSURANCE: JLab pays premium for two times annual salary life insurance and two times annual salary for accidental death and dismemberment. Family members are covered for the following amounts: spouse - $5,000, dependent children - $1,000 each. Additional supplemental insurance (Group Universal Life) is available at employee's cost in increments of $10,000 up to a maximum total of $100,000 for spouses and the lesser of $1,000,000 or five times annual base salary for employees. Coverage is also available for each dependent child - $10,000 each. Supplemental insurance (GUL) in excess of a guarantee issue is subject to the approval of the insurance company. The guarantee issue may only be available to you as a new hire.

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SICK LEAVE: Sick leave accrues at a rate of 4 hours per pay period beginning with the first full pay period worked. Leave does not accrue while on leave without pay status.

SHORT-TERM DISABILITY: Voluntary short-term disability insurance at employee's cost provides 2/3 of salary up to $1,000/week, beginning on the eighth calendar day after a disabling injury, accident, or illness. The benefit lasts for up to 13 weeks, whereupon long-term disability begins. The premium varies with salary.

LONG-TERM DISABILITY: Employer provides long-term disability insurance with a benefit of 60 percent of employee's salary, maximum $8,000/month, which begins 90 days after a disabling accident, injury, or illness.

EDUCATIONAL REIMBURSEMENT PROGRAM (ERP, formerly TAP): Regular employees seeking degrees and who have completed six months of their probationary period may apply for the tuition assistance program to enhance job performance and career development at Jefferson Lab.

EMPLOYEE ASSISTANCE PROGRAM (EAP): A counseling and referral service for employees and eligible family members who may be experiencing personal or family problems. An employee or eligible family member may confidentially contact the EAP, or supervisors may refer employees to the EAP if personal problems are affecting job performance.

HOLIDAYS: Jefferson Lab recognizes 10 days per year as paid holidays.

PROBATIONARY PERIOD: All new employees serve a probationary period of twelve (12) months during which their work performance and general suitability for SURA/Jefferson Lab employment are carefully evaluated. The supervisor will conduct a performance appraisal after six months of employment and six months after the annual appraisal during the probationary period.

PAY SCHEDULE: Paychecks are distributed on the 1st and 16th of each month. A new employee who returns his/her completed orientation paperwork to the Human Resources Department (HR) on the 1st through the 15th of the month shall receive his/her first paycheck the 1st of the month following employment. A new employee whose date of hire falls on the 16th through the last day of the month shall receive his/her first paycheck the 16th of the month following employment. Thereafter, pay periods ending on the 15th are paid the first of the following month, pay periods ending the last day of the month are paid on the 16th of the following month.

RETIREE MEDICAL BENEFITS: The Retiree Medical Benefits Plan allows continuous medical coverage from the date of retirement for employees who meet eligibility requirements by the date of their retirement from SURA/Jefferson Lab. The Plan allows eligible retirees and their dependents to continue medical benefits at approximately 50% of the SURA/Jefferson Lab premium cost.

SALARY REVIEWS: Salaries normally are reviewed on an annual basis with approved increases effective on October 1. Employees who are on active payroll status prior to April 1 are eligible for reviews.

SOCIAL SECURITY: Amount set by law.

WORKER'S COMPENSATION: Amount set by law.

This is a summary of benefits and is not intended to provide detailed information about each program. The complete terms of each insurance plan are contained in master policies in the Human Resources and Services Department. Specific provisions for other benefit programs are contained in the SURA/Jefferson Lab Administrative Manual.

DESIGN AND MODIFICATION OF BENEFITS: Jefferson Lab reserves the right to add, eliminate, or in other way modify discretionary benefits presently provided where and when it is deemed in the Laboratory's best interest to do so. Under most circumstances, there will be ample opportunity to provide employees with advance notice of such modifications and to consider the effect of the decision.