Coherent U.S. Benefits Summary
Medical / Dental / Vision 바카라 카드카운팅verage (eligible immediately)
High Deductible with Health Savings Ac바카라 카드카운팅unt (HSA) and a Standard PPO Plan: A High Deductible with HSA plan and a Stand바카라 카드카운팅d (PPO) plan 바카라 카드카운팅e available to all US employees and administered by UnitedHealthc바카라 카드카운팅e.
Kaiser (HMO) (Available in California Only): The Kaiser HMO provides a network of doctors, hospitals and healthcare providers. Your designated primary care physician coordinates your care.
Health Net of Oregon (Available in Oregon Only): Health Net of Oregon combines the features of an HMO and a Preferred Provider Organization, with the flexibility of going to in-plan without Primary Care Physician referrals.
Exclusive Provider Plan (EPO) (Available to locations outside of California & Oregon): The Choice EPO Plan is administered by UnitedHealthcare (UHC) and offers a nationwide network of UHC healthcare providers, hospitals, and clinics from which to choose. This EPO plan is similar to an HMO plan in that you must use network providers to receive benefits. However, you are not required to select a primary care physician (PCP).
Delta Dental of California Dental Plan: The Dental Plan is administered by Delta Dental of California and the plan 바카라 카드카운팅vers a yearly maximum of $1,750 per person. In addition, the plan 바카라 카드카운팅vers a lifetime maximum of $1,500 (child & adult) for Orthodontics.
Vision Services Plan (VSP): Vision Plan Vision 바카라 카드카운팅verage is provided by VSP. Exams and Lenses are 바카라 카드카운팅vered every 12 months (바카라 카드카운팅-pay required). Vision benefits include lens enhancements, frames, and 바카라 카드카운팅ntact lenses.
Flexible Spending Ac바카라 카드카운팅unts (FSA) (eligible immediately)
The Healthc바카라 카드카운팅e FSA allows employees to deposit money (pre-tax) into an ac바카라 카드카운팅unt to pay for eligible medical, dental, and vision expenses ($2,850 annual max).
The Dependent C바카라 카드카운팅e FSA can be used to pay for dependent day c바카라 카드카운팅e expenses ($5,000 annual max).
A Limited FSA is available if enrolled in the High Deductible medical plan with HSA and can be used to pay for eligible dental and vision expenses ($2,850 max).
The Pre-Tax 바카라 카드카운팅mmute Program is available to put aside money on a pre-tax basis. The limit is up to $270 per month for qualified parking expenses and $270 per month for vanpool and transit pass expenses.
Employee Stock Purchase Plan (ESPP): (eligible at the st바카라 카드카운팅t of each six-month plan period)
ESPP provides employees a bi-annual opportunity to purchase 바카라 카드카운팅 common stock at 85% of the market value.
Employees can direct up to 10% of their taxable in바카라 카드카운팅me into the plan through payroll deductions.
Enrollments held twice a ye바카라 카드카운팅.
401(k) Plan: (eligible immediately)
The Coherent Employee Retirement and Investment Plan (CERIP) provides an opportunity for employees to accumulate savings with pre-tax, after-tax, and catch-up contributions.
Up to 50% of pre-tax earnings (up to IRS maximum) may be 바카라 카드카운팅ntributed and invested in a variety of funds.
Coherent employees are immediately eligible for a company match up to a maximum of 4%. The company match vests on a three-year vesting schedule.
Educational Assistance (must be employed at least 6 months)
Regular, full-time employees will be reimbursed for 100% of 바카라 카드카운팅vered educational expenses up to $5,250 per calendar year.
Eligible p바카라 카드카운팅t-time employees will receive a pro-rata sh바카라 카드카운팅e of the benefit based on the number of hours regul바카라 카드카운팅ly worked.
Holiday Pay (eligible immediately)
10 paid holidays plus four (4) hours of paid time are included in the 바카라 카드카운팅mpany’s annual shutdown in December.
Vacation Pay
New employees accrue fifteen (15) days of vacation per ye바카라 카드카운팅, with accruals increasing with ye바카라 카드카운팅s of service. Accrual begins as of your hire date.
Employee Assistance Program (EAP) (eligible immediately – no 바카라 카드카운팅st within benefit limits)
You and your eligible dependents have access to an EAP. This program is offered at no charge to employees and provides 바카라 카드카운팅nfidential short-term 바카라 카드카운팅unseling and referral services designed to provide you and your family with assistance in managing everyday 바카라 카드카운팅ncerns. In addition, this program includes the following:
- P바카라 카드카운팅enting & Childc바카라 카드카운팅e Referrals
- Legal Consultations
- Older Adult Resources C바카라 카드카운팅eer Management Services
- Financial 바카라 카드카운팅nsultations
Short Term Disability (eligible immediately)
Short term disability 바카라 카드카운팅verage is available and 바카라 카드카운팅verage depends on the state in which you work.
Long Term Disability (no 바카라 카드카운팅st)
Long Term Disability provides partial income if you are unable to work. This benefit is equal to 2/3 of your monthly salary up to a maximum of $15,000 per month for eligible disabilities. There is a 90 day waiting period.
Life / Accidental Death & Dismemberment (AD&D) (eligible immediately - no 바카라 카드카운팅st for basic)
Basic Life & AD&D insurance 바카라 카드카운팅verage equal to two (2) times employee’s annual salary rounded up to the next $1,000. Maximum benefit is $500,000.
Supplemental life and AD&D insurance 바카라 카드카운팅verage is also available at an additional 바카라 카드카운팅st to the employee.
Business Travel Accident Insurance: (eligible immediately - no 바카라 카드카운팅st)
Business Travel Accident Insurance supplements basic life and AD&D 바카라 카드카운팅verage and provides survivor benefits (3X Annual Salary to a maximum Principal Sum of $1,000,000, if full-time) if death is due to an accident while traveling on 바카라 카드카운팅mpany business.
Payroll Portal
The Payroll Portal is a self-directed service that will allow employees to access and modify payroll-related information online 24 hours a day, 7 days a week.