BENEFITS AT LAKEVIEW:
Employee benefits represent a large portion of LakeView's total compensation costs. These benefits have increased in quality and quantity over the years to the point where they are no longer "fringe" but represent a substantial part of total compensation. The following is a summary of all LakeView's employee benefit programs.
Voluntary Employee Contribution Employer Contribution
EMPLOYEE BENEFITS AT A GLANCE
Benefit: Who Pays For: When Eligible for Benefit: Description of Benefit: Cafeteria Employee Upon Employment Meals conveniently located in hospital . Dental Program LVCH and Employee First of the month following the first 90 days Option I,II or III. Single, Two Person, and Family Coverage available (in a 48/pp or more approved hour position). Educational Leave Employee First of the month following one year of service Up to a maximum of one year unpaid (must be approved by administration). Family and Medical Leave Act (FMLA) Employee Following one calendar year of service and 1250 hours consecutively Allows an employee that meets the criteria to take off 12 weeks in a 12 month period to care for a child after birth or adoption, ill family member, or allow an employee with a serious health condition to take time off. (See PER-45) Funeral Leave LVCH First of the month following the first 90 days (In a 32/pp or more approved hour position) Up to a maximum of three scheduled work days and/or 24 hours to arrange for funeral of immediate family members. Health Insurance LVCH and Employee First of the month following the first day of employment (in a 48/pp or more approved hour position) Plan A or Plan B. Single, Two Person, or Family coverage available. Employees may opt out if covered by another medical plan. Holiday Bonus LVCH Upon Employment One and one half hours rate for all hours worked on a holiday. Jury Duty leave LVCH First of the month following the first 90 days (In a 32/pp or more approved hour position) Full pay for regular scheduled hours or work missed, less jury duty pay. Life and AD&D LVCH and Employee First of the month following the first 90 days (In a 48/pp or more approved hour position) Hospital provides $10,000. Employee may purchase additional. Long Term Disability Employee First of the month following the first 90 days (in a 48 hour/pp or more approved position) 60% monthly benefit. 180 day elimination period. Merit Bonus Program LVCH At top of the wage scale with satisfactory performance Percentage Increase x Approved Hours x 26 Pay Periods. Merit Review LVCH Annually Pay increase based upon performance during the past year. Military Leave - Reserve or Enlistment LVCH Upon Employment The terms and conditions of military leave are determined by applicable federal and state statues in effect at the time. All rights to re-employment per Federal law. Money Saver Plan (Direct Deposit) LVCH Upon employment Payroll deductions or deposit of net pay to financial institution of employee's choice. Occupational Health Services LVCH As needed Physical and lab testing provided prior to employment. Free annual physicals for those positions which require it. Medical treatment for work related illnesses. Overtime LVCH Upon Employment and with prior authorization One and a half hours rate for hours worked above normal work schedule based on applicable overtime schedule. Paid Time Off (PTO) LVCH 32/pp approved hours or more. Accrual starts immediately. 90 day waiting period for new hires (First Year-20 Days Annually) (1 - 5 Years- 23 Days Annually)( 5 - 10 Years-28 Days Annually)(10 - 20 Years- 33 Days Annually)( 20 Plus Years-38 Days Annually) *based on full time status – less than full time status is pro-rated (See Policy PER-34). PTO Payout at Termination LVCH Upon Employment PTO accrued paid out based on length of advance notice, remaining prn, and completing an exit interview. PTO is forfeited if proper notice is not given. (See PER-34) PTO Sell Back - Eval LVCH At annual evaluation Employees may sell back a maximum of 80 hours, reimbursed at 90%. The amount sold back must be over and above approved hours (See Policy PER-34). PTO Sell Back - Other LVCH Once per year Employees may sell back a maximum of 40 hours once a year, (This is in addition to your annual evaluation). The amount sold back must be over and above approved hours (See Policy PER-34). Parking LVCH Upon Employment Free parking in designated areas. Personal Leave Employee After first 90 days Up to a maximum of 30 days. Must have administrative approval. Pharmacy Discount LVCH Upon Employment Cost of drug plus administrative filling fee at LVCH Pharmacy. Rest Periods LVCH Upon Employment Two 15 minute rest periods for each 8 hours worked. Retirement Savings Plan A: Employee Immediately upon hire employee may enter plan. 403b Plan administered by National City. Investment toward retirement on a pre-tax basis. Maximum Contribution up to $14,000 in 2005. Retirement Savings Plan B: LVCH After one calendar year of service and 1000 hours within the same time frame. Fully vested after seven years. For each employee contributed dollar, LVCH matches 50% up to the first 6% employee contribution. Service Awards LVCH Upon completion of service to LVCH in five year increments Gift and recognition at annual awards banquet. Shift Differential LVCH Upon Employment Extra compensation paid for work in a designated shift.(See Policy PER-46). Short Term Disability (Non-occupational) Employee First of the month following the first 90 days. Coverage for up to six months. Two plans available: 60% or 50% of your gross salary. Non taxable benefit. Fourteen day waiting period. Social Security LVCH and Employee Upon Employment Financial assistance at retirement or in case of disability. Spending Accounts Employee Upon Employment Two accounts available: Healthcare and Dependent Care. Stand-By Pay LVCH Upon Employment Extra compensation paid to be available for work as authorized. Tuition Reimbursement LVCH After one year of service and approved hours of 32/pp or more Financial reimbursement for tuition from an accredited institution, pro-rated based on hours/pay period. Program runs annually with an annual maximum. Unemployment Compensation LVCH Upon Employment Financial protection in accordance with state laws. Vision Insurance Employee At Annual Open Enrollment Reduced glasses and contact lenses costs through a VSP provider. Family coverage available. May enroll during open enrollment. Weekend Bonus LVCH Upon Employment Extra compensation paid for work on a designated weekend day. Worker’s Compensation LVCH Upon Employment Financial protection in accordance with state laws. Critical Care Insurance Employees At Annual Open Enrollment Tax–free, lump sum cash benefit for the occurrence of 7 major critical illnesses. Whole Life policy Employees At Annual Open Enrollment Cash value individual life insurance policy. Wellness Benefit LVCH & Employee First of the month following the first 90 days. (in a 48 hour/pp or more approved position) Cash reimbursement quarterly based on qualifying criteria (attendance of 24 times during calendar quarter at participating health clubs).
