2014 Full-time Employee. One decision many benefits

Transcription

1 2014 Full-time Employee One decision many benefits

2 Welcome to the world of Lilly. Every action has a reaction. A thought that sparks curiosity. A step that leads to discovery. And an opportunity to improve the lives of millions. Every decision you make can change the future. At Lilly, you will have the benefit of opportunity. The opportunity to join a leading innovation-driven pharmaceutical company that applies the latest research from its own worldwide laboratories. The opportunity to work for a company with a rich pipeline of medicines that heal and improve lives. And, the opportunity to move within a company with more than 135 years of service and more than $19 billion in sales. Inside this brochure you will learn a bit more about the benefits you will receive when you make Lilly your next big move. One decision is all it takes to change your future. The decision to join Lilly will give you all of the tools you need to make the most out of your career - and the benefits you want to make the most of your life. This publication provides a general overview of the total compensation and benefits package provided to eligible employees at Lilly. Certain benefits described in this publication are described in greater detail in separate, legal plan documents. Not all elements of the benefits described within this publication are available at all locations, and some benefits may require management approval. Employees should refer to the Employee Handbook or mylilly for more details regarding benefits. The provisions of the plan document govern for each of the various plans in the event of any conflict with the information provided in this publication. All components of Lilly s total compensation and benefits package are subject to amendment or termination by the company in its sole discretion. Lilly is an EEO/Affirmative Action Employer, and does not discriminate on the basis of race, gender, protected veteran status, disability or any other legally protected status Your Total Compensation & Benefits Packages Full Time Employee 2

3 Contents Financial Wellness Cash Compensation 401[k) Plan Financial Planning and Investment Advice benefits Pension Plan Extended Disability Leave Life Insurance Flexible Spending Accounts Career Development Learning and Development Position Posting Your Health Health Insurance Domestic Partner Benefits Prescription Drug Benefit Dental Insurance Long-Term Care Insurance Employee Health Services Employee Assistance Program Tobacco-Free Workplace Time Off Vacation and Holidays Personal Absences and Leaves Maternity Leave Dependent Care Leave Education Leave Living Flexibility Part-Time Job Sharing Telecommuting Family LifeCare Resource and Referral Service On-Site Child Development Centers National Back-Up Care Maternity Leave Nursing Mothers Program Adoption Assistance Support Groups Community Support Matching Gifts Program Employee Volunteerism Program Lilly Global Day of Service Above and Beyond No-Stress Dress Code Food Services Banking and Postal Services Convenience Store Dry Cleaning and More Summer Science Camp/ School Vacation Programs Fun and Fitness Free Gym Membership LIFE Building and Colonel s Field Lilly Fitness Centers Lilly Recreational Park Sports and Hobby Clubs Your Total Compensation & Benefits Packages Full Time Employee 3

4 Financial Wellness Your pay is an important part of the overall total compensation package Lilly offers for the work you do and the contributions you make. Lilly also provides Financial many benefits to help you Career with personal and/or family needs as well as plan for your future and support your financial. Cash Compensation At the foundation of Lilly s compensation programs is our pay-for-performance philosophy. We ve developed our pay programs so your individual performance and our company s overall performance have a direct impact on the amount of money you earn. In addition to your annual salary, most employees are eligible to participate in a company bonus program. Each year, we benchmark our jobs to compare our total compensation package, including salary, bonus programs and other benefits, with what other companies offer to their employees. This comparison is based, in part, on the type of work you perform and your location, and it s designed to ensure that at Lilly you ll earn top-tier pay for top-tier performance. Retirement Benefits: 401 (k] Plan Lilly currently provides a dollar-for-dollar match on the first 6 percent of base salary you contribute to your account. The company s matching contribution is made on a pre-tax basis and invested according to the investment selections you make for your own contributions. Participants become vested in employer contributions after two years of credited service. You can contribute on a pre-tax or after-tax (Roth) basis or a combination of both. You also can increase your contribution rate automatically each year. It s a benefit you can start soon after you arrive, in an effort to realize your retirement goals. Financial Planning and Investment Advice benefits Comprehensive financial planning information and investment advice is available to help you determine how much you need to save to meet your goals. You can talk with a licensed, professional financial planner any time you have a financial planning question or opt to have your Lilly 401(k) investments professionally managed. Online tools, articles, and calculators can be accessed at any time to assist you with your financial needs, including development of your own financial plan. Pension Plan Lilly s retirement plan is completely funded by the company and, as a defined benefit plan, is designed to provide eligible employees with retirement income. You have a vested benefit in this plan after five years of service. If you retire after reaching age 65 with at least five years of service, you ll receive full monthly retirement benefits. You ll also be eligible for reduced retirement benefits if you retire once you are age 55 with a minimum of 10 years of service. Extended Disability Leave Sudden disability can have a catastrophic impact on your income and lifestyle. It s particularly important to protect yourself from this type of problem, one that is far more common than many think. In fact, you re far more likely to become disabled than to die during your working years. Lilly offers two disability plan options to eligible employees. The first replaces a significant amount of a disabled employee s income and is currently available to all employees at no cost, while the second provides greater income replacement at an additional monthly cost. Life Insurance Providing family security in the event of your death is another aspect of benefits. Eligible employees currently receive free coverage for a death benefit equal to two times annual base salary. Additional life insurance, both for the employee and for his or her dependents, is available for employees to purchase. You also can choose to reduce your coverage by half in exchange for credit to purchase other optional benefits. Flexible Spending Accounts Out-of-pocket health care expenses, as well as dependent day care expenses, can add up quickly. Flexible spending accounts can help you defray some of those expenses by allowing you to set aside pre-tax dollars to pay for them. By using pre-tax payroll deductions for eligible health care and dependent day care expenses, you increase your disposable income by reducing the amount you pay in taxes. Your Total Compensation & Benefits Packages Full Time Employee 4

5 Career Development We know you are ready for your job here at Lilly. But have you thought about what s next? We have. Access the learning and training options you need to take the next step right here at Lilly. Career Learning and Development The Learning and Development organization is a collection of functional and corporate teams geared toward improving competence, and providing connections to learning experiences, on-line resources, and people to further your development both technically and professionally. Career resources include career assessment tools that help employees meet their development goals. Position Posting An internal position posting system offers employees online access to learn about available Lilly jobs around the globe. This includes full-time, short-term work assignments, and employment related notices. Your Total Compensation & Benefits Packages Full Time Employee 5

6 Your Health At Lilly, people s health is at the heart of what we do. That means the health of others is our primary concern even more so for our employees. We give you Physical the choice of health Community insurance options as well Social as other health services designed to keep you and your family healthy while managing the costs of medical care. Health Insurance Eligible employees can choose among two consumer-driven [high-deductible health plan] options, which are used in conjunction with a health reimbursement arrangement [HRA] or health savings account [HSA] through the Lilly Health Plan. If your eligible, out-ofpocket medical expenses in any year exceed approximately 6 percent of your base salary, the remainder of that year s eligible expenses is currently paid at 100 percent for the rest of the plan year. Your health insurance also includes vision coverage. Domestic Partner Benefits Lilly provides domestic partner health, prescription drug, and dental benefits to eligible active and retired employees. Partners may be of the same or opposite sex. Active employees may choose any of the health insurance options described above to provide health care coverage for themselves and their eligible domestic partner; however, a domestic partner must meet dependent status according to IRS guidelines to use the HSA account dollars. Prescription Drug Benefit In the HRA or HSA options, all drugs, including Lilly prescription medicines, are treated the same as other medical expenses meaning you pay the full negotiated cost for both Lilly and non-lilly non-preventive medicines until you satisfy the total annual deductible. Preventive medicines are covered at your respective co-insurance percentage for HRA or HSA plans and are not subject to the deductible. Once you satisfy your total deductible, prescriptions are covered at the same co-insurance percentages as other medical services except you will receive certain Lilly medications at no cost. Dental Insurance Dental coverage is available to eligible participants at a cost separate from medical coverage and with no deductible. In-network, it covers 100% of diagnostic and preventive care, 80% of minor restorative and 50% of major restorative. There is a $2,000 per person annual maximum and a $2,000 per person lifetime orthodontia limit. Financial Career Long-Term Care Insurance Employees can purchase plans for themselves and their spouse or domestic partner that provide up to $50,000 coverage for long-term custodial care as a rider to a permanent whole life policy. Employee Health Services From on-site care of minor illnesses, to preventive health exams and programs, to on-site physical therapy and emergency care, you ll be able to get help for many health-related concerns while at work. Eligible employees also can receive free screening mammographies, screening gynecological exams, screening colonoscopies, flu shots, and immunizations for business travel. Employee Assistance Program When a personal problem becomes too difficult to handle alone, employees can use the employee assistance program at no cost for a confidential assessment and referral to local, licensed, professional counselors. By calling 1 [800] 90-LILLY, you and your eligible dependents are each entitled to three visits per issue for problem assessment and appropriate referrals per calendar year. If you exhaust your three visits, you may still be eligible to receive certain mental health and substance abuse benefits through your mental health coverage. Tobacco-Free Workplace Lilly is committed to providing a safe and healthy workplace and promoting the health and of our employees. To encourage non-smoking, to minimize the exposure of non-smokers to tobacco smoke, to minimize the potential for fire, and to protect the quality of Lilly products, the smoking of tobacco and the use of smokeless tobacco is prohibited at all Lilly facilities, including entryways to buildings and parking lots. This applies to all employees, contractors, and visitors. For all Indiana facilities, Indiana law also prohibits smoking within eight feet outside any exterior public entrances. Your Total Compensation & Benefits Packages Full Time Employee 6

7 Social Financial Career Time Off You need some time to call your own. We understand that everyone needs a break. We all do. Keeping this in mind, we offer you a range of vacation and personal leave options to give you the time you want, when you want it. Vacation and Holidays During your first year at Lilly, you ll earn 10 hours of vacation for each month of service. The amount of vacation time will start with 120 hours [15 days] per year and will increase in year 10, and every five years thereafter up to the 25th year of service, culminating with 216 hours [27 days] per year. Employees who complete 10 years of service, and for every five years of service thereafter, also receive 40 additional hours of recognition vacation in those anniversary years. Eligible employees also can purchase up to 40 hours of additional vacation time each year, and up to 80 hours of additional vacation time in anniversary years. Employees who don t want this much vacation can trade up to 40 hours of vacation time, in four-hour increments, for credits they can use to obtain other benefits. Lilly also provides an average of nine paid holidays and an additional annual year-end break for four of the working days between the days the Company designates for the observation of Christmas Day and New Year s Day. Most calendar years, this totals 28 paid days off your first full year at Lilly. Time off without pay may also be available for certain personal reasons, including use of the Family and Medical Leave Act as well as an educational leave. Maternity Leave Lilly s expectant mothers are able to leave work with pay up to one month before their baby s due date. This leave continues with pay according to Lilly s Illness Pay Plan until release from care, generally six weeks following the birth. An additional six weeks of unpaid leave is also available, providing employees with a 16-week maternity leave. Dependent Care Leave For a number of reasons, employees sometimes decide they must leave work for a while to care for their children or elderly parents. Lilly s dependent care leave allows employees in good standing with one continuous year of service to do what s right for them while allowing Lilly to retain their talents for the long-term. Employees approved for a dependent care leave may take up to three years [or length of employment, whichever is less] off without pay. When employees are ready to return to the company at the end of the leave, Lilly provides access to the internal position posting system to help returning employees find a new position. Education Leave Should you decide to further your career at Lilly through additional education, you may qualify for an unpaid educational leave, also available for up to three years. Personal Absences and Leaves You may take time off with pay with your supervisor s approval for certain personal reasons, including: Birth of child [up to 40 hours for father] Adoption or foster placement of child [up to 40 hours] Illness in the immediate family [up to 64 hours] Death in the family [up to 40 hours] Illness pay program - based on Lilly service [e.g., up to four months of illness paid time off for employees with less than one year, up to 15 months illness paid time off for employees with service of ten years or more Other personal business, with approval [up to 24 hours] Your Total Compensation & Benefits Packages Full Time Employee 7

8 Living We know you have a life outside of Lilly. That s why we give you great choices that allow you to maintain balance between your life and work. In fact, it s partly Socialby providing a range Financial of choices that we Career have gained such national recognition as one of Science magazine s Top Employers in the Biopharmaceutical Industry and Working Mother magazine s 100 Best Companies. Flexibility Flexibility is a way of approaching when, where, and how work is completed. It s based on job expectations, founded on trust and accountability, and is a means to help employees manage both personal matters and work responsibilities. Used both on occasional basis or as a customized arrangement, employees and supervisors have the opportunity to identify a work schedule that helps employees be their most productive. Alternative Work Arrangements: Part-Time If, for personal reasons, you would like to consider working a reduced schedule, Lilly offers two options. Based on the job responsibilities of the role, some Lilly employees can work a reduced schedule of 60 percent or 80 percent. Job Sharing Employees also can explore job sharing. In this arrangement, two employees share one full-time position. Teleworking Teleworking is the concept of working from home on a full-time basis. Teleworking takes on a variety of forms as arranged by individual employees and their managers. Teleworking is not a formal, universal employee benefit; however, in the right situations, teleworking can meet business needs while helping employees increase effectiveness and personal productivity. Your Total Compensation & Benefits Packages Full Time Employee 8

9 Family Employees with children or elder dependents need to manage special challenges. To alleviate some of these pressing issues, we offer our employees who are caring for others some outstanding Social options. It s Financial a philosophy that s earned Lilly a place among the Working Mother 100 Best Companies, as named by Working Mother magazine, for several years. Community LifeCare Resource and Referral Service LifeCare, a Lilly-paid benefit, offers employees a wide variety of work and life services. Available 24 hours a day, employees can find information on anything from child and adult care to health and wellness, to relocation and associated topics. Nursing Mothers Program New mothers who choose to continue breastfeeding when they return to work may utilize one of the Nursing Mother Rooms available at specific locations. A hospitalquality electric breast pump is provided in private spaces. New mothers may also talk with a lactation consultant. Career Adoption Assistance Lilly reimburses eligible employees up to $10,000 of qualified expenses for the adoption of a child. Adoption assistance includes not only financial reimbursement, but also information about the adoption process and time away from work. Support Groups Employees with similar personal needs meet for information sharing and support. Existing support groups include those for new mothers, employees caring for elders, and parenting. On-Site Child Development Centers Two Indianapolis centers offer high-quality care on a full-time or part-time basis for dependent children age 6 weeks to 5 years. The center also provides backup care when regular childcare arrangements are unavailable. National Back-Up Care Back-Up Care Advantage is a national service offering center based back-up care for well children, in-home back-up care for healthy and mildly ill children and in-home back-up elder and adult care. Maternity Leave See information on Lilly s innovative leave programs in the Time Off section. Your Total Compensation & Benefits Packages Full Time Employee 9

10 Physical Community Social Financial Career Community Support Want to get involved in the community? We already are, and we have ways to help you do the same. Take your pick from our community support programs and we ll give back to the community together. Matching Gifts Program When you give a financial gift to eligible educational, cultural, and health care organizations, Lilly and the Lilly Foundation will match your donation. Lilly s Global Day of Service Our annual Global Day of Service ranks among the largest single-day volunteer initiatives of any company in the United States. In 2013, about 20,000 employees in nearly 60 global locations volunteered. Employee Volunteerism Program We hope you ll find the time to give back to your community through volunteer support. To encourage this volunteer spirit, the Lilly Foundation will provide a $250 grant to eligible community organizations in which an employee has continuing, active involvement. The company also allows, under certain circumstances and with management approval, time away from work for volunteering. Your Total Compensation & Benefits Packages Full Time Employee 10

11 Financial Career Above and Beyond Devoting time to your job and your home life can leave little room for everyday errands and chores. Lilly helps ease a few of those responsibilities by providing a range of employee conveniences. No-Stress Dress Code Forget about struggling into formal business attire every day, unless your job or your tastes call for it. Dress at Lilly is business appropriate/business casual, which means you can dress in a way that best fits your work environment and schedule for the day. In Some Lilly Locations Food Services On-site cafeterias offer a variety of meals and snacks, while gourmet coffee shops provide a tasty perk and plenty of vending areas help to keep you energized. Banking and Postal Services Who has time for banking? You will. The Eli Lilly Federal Credit Union offers banking services on-site and online, including checking, savings, financial planning, loans, auto leasing, home mortgages, insurance, and the option of buying a new car in one stop with home delivery service. Nearby, you can purchase stamps and send your mail. Convenience Store It won t replace your grocery, but the on-site store at the Lilly Corporate Center allows you to purchase items such as gifts, cards, birthday cakes, flowers, and toiletries. Dry Cleaning and More Save yourself from after-work errands with on-site dry cleaning, shoe repair, and alteration services. Summer Science Camp/School Vacation Programs School-aged children of Lilly employees can enjoy fun day camp activities enhanced with science activities during the summer break at the Lilly Recreational Park located in Indianapolis. Supervised programs are also available for these children to have fun when schools are closed for the day. Your Total Compensation & Benefits Packages Full Time Employee 11

12 Fun and Fitness Stay fit. Stay healthy. We understand the importance of maintaining a healthy lifestyle. In order to help you stay active, we offer an assortment of Employee Activities, from exercise classes and sports to hobby clubs and organized events all throughout the year. Free Gym Membership Employees and their dependents 18 or older are eligible for free access to participating facilities in the nationwide Prime Fitness network. LIFE Building and Colonel s Field Located in Indianapolis, the LIFE Building is a wellness destination supporting physical fitness, stress relief, personal development and team events. Included is a bike hub for those cycling to work and a number of CityBikes that can be used to ride around town. Immediately adjacent is Colonel s Field and track, available for league play, running or walking. Lilly Fitness Centers Each Lilly site located in Indiana has fitness centers available for group fitness classes, cardio equipment and weights, showers and lockers. Lilly Recreational Park Located just south of the Lilly Technology Center in Indianapolis, the outdoor park features softball diamonds, volleyball courts, a playground, picnic tables, hiking trails, a fishing lake, and a shelter for Lilly sponsored events. Sports and Hobby Clubs Whether you want to join a sports team, perform in a play, or practice photography, Employee Activities is the place to look. Your Total Compensation & Benefits Packages Full Time Employee 12