Retirement Benefits
After 1,000 hours of
service and attainment of age 21, you will become eligible to participate in
the NORC, Inc. Retirement Plan. The NORC, Inc. Retirement plan is a defined
contribution retirement plan in which NORC may make a discretionary
contribution on behalf of employees who have satisfied the eligibility
requirements to participate in the plan and have met the service requirements
in a particular year. No employee contributions are required in order to
qualify for a contribution from NORC. Contributions are immediately vested
(fully owned by the employee) and are deposited into an individual retirement
annuity account administered by TIAA-CREF. You control how the money is
invested.
The NORC, Inc. Supplemental Retirement Plan allows employees to
make voluntary, pre-tax contributions immediately upon hire, up to the IRS
limit, and is also administered by TIAA-CREF. Contribution limits may be higher
for individuals over age 50. See the Summary Plan Description for details.
Limited Health Plan
NORC employees whose status is Intermittent or Temporary; and who are not participating in another limited medical or a major medical plan can purchase limited basic medical insurance coverage through OptiMed Health Plan, managed by United Group Programs, Inc. It is important to note that these plans offer limited basic healthcare benefits. Before making a purchase, eligible employees are encouraged to thoroughly review and understand what each plan does and does not cover. New Intermittent and Temporary employees have 30 days to enroll in the plan from their date of hire. Coverage becomes effective the first of the month following OptiMed’s receipt of enrollment materials and payment of premium. Once an employee enrolled in a plan reaches 1,000 hours of total service, NORC will make a contribution to OptiMed equal to 20% of the monthly premium for employee-only coverage for the option chosen.
Employee Assistance Program (EAP)
Provided by Magellan Health Services, the EAP program offers employees and their dependents, (including significant others and dependent children who live at home) telephone counseling on personal issues such as stress, domestic abuse, alcohol and drug dependency. They also offer referrals for services like child care, elder care, legal advice, and credit counseling. The plan is confidential and free of charge. Brochures describing the services offered are available from the Human Resources department.
Worker’s Compensation
NORC provides employees with a safe workplace and pays the premiums for state-funded insurance that provides income replacement to workers who suffer workplace illnesses and injuries. Employees are required to report any workplace injuries or illnesses immediately to Human Resources.
FICA Taxes
NORC pays the employer’s portion of taxes on the income that you earn.
Unemployment Insurance
NORC pays the insurance premiums for state-funded insurance benefits that employees may receive if unemployed and unable to find work.