Benefits - Aramco Services Company

http://www.aramcoservices.com/Careers/Working-for-Aramco-Service...

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ASC offers a generous employee benefits package and other programs designed to meet the diverse needs of employees and families. Flexible Benefit Plan: This Plan allows employees to make premium payments for their medical, dental and optional accidental death or dismemberment insurance coverage on a pre-tax basis. Group Insurance Plan: We provide both company-paid life insurance and accidental death or dismemberment insurance. Medical Payment Plan: Medical coverage is available for employees who elect to participate in the Plan and for their eligible covered dependents. Dental Insurance: We currently offer employees a choice between two employee pay-all premium dental plans. Retirement Income Plan: ASC pays the entire cost of The Retirement Income Plan, which provides monthly annuity payments or a lump sum distribution when the employee retires. Employees become eligible for participation in the Plan on their hire date and become vested upon completing five years of service. The Savings Plan - 401(k): To encourage employees to save part of their earnings systematically for their future financial security, new employees are automatically enrolled in The Savings Plan at a rate of 9 percent unless they select otherwise. The company matches an employee's contribution dollarfor-dollar up to the first 9 percent of base earnings and employees become vested immediately in the company's contributions. Short-Term and Long-Term Disability Plans: ASC pays the entire cost of both Plans. A new employee automatically becomes a participant in the Plans upon completion of 6 months of continuous service. Additional Benefits We also make a variety of other programs, plans and services available to employees. These are designed to provide leisure, convenience, assistance and support to individuals and their families. Additional benefits include, but are not limited to: 9/80 Work Schedule: Most of our employees work 80 hours over nine days. Individuals work nine hours per day Monday through Thursday, with Fridays alternating between an eight-hour work day and one day off. Holidays: We observe up to nine paid holidays each year for employees on the 9/80 work schedule.
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Benefits - Aramco Services Company

http://www.aramcoservices.com/Careers/Working-for-Aramco-Service...

Vacation: All employees are eligible for paid vacation from 11 to 25 working days per year based upon their years of continuous service with the company. Awards & Recognition: Service and attendance milestones are awarded to employees for longevity with the company and consistent daily work attendance. A special recognition program encourages and recognizes exceptional efforts and achievements by individuals and teams by providing various levels of financial rewards. Educational Refund Plan: Financial assistance is provided to employees pursuing individual degree programs at accredited and approved post-secondary institutions during non-working hours. The company reimburses an employee up to 90 percent of tuition, required fees and textbook costs according to company policy. Other Valued Services: Employee Assistance Program (EAP) Commuter Van Program Chevron Houston Credit Union Membership Cafeteria (on-site) Medical Clinic (on-site) Fitness Center (on-site)

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2/6/2013 9:48 AM