BENEFITS-AT-A-GLANCE
M/A-COM is a part of the Wireless Systems Segment of Tyco Electronics
and offers an array of  benefits-from
health insurance and income protection programs to "time
away from work" and educational assistance.
This overview includes information about many of the benefit
programs available to our employees.
Recruiting Disclaimer
Health Care
Tyco Electronics is committed to ensuring that all employees
have access to quality, comprehensive and affordable health
care. The Tyco Electroncis Health Care Connection offers
one medical plan - either a Point-of-Service (POS) Plan
or a Preferred Provider Organization (PPO) Plan - depending
on an employee's address. If the employee does not live
in a POS or PPO network area, the employee is eligible
for coverage under the Tyco Electronics Traditional Health
Plan..
Point-of-Service (POS)
Plan
In-Network
- Choose a primary care physician (PCP) to manage all care.
- Office visits are covered at 100% after a $15 co-pay per
visit.
- Most inpatient and outpatient care is covered at 80% up
to out-of-pocket maximum; at 100% thereafter. There is a
deductible.
- Annual out-of-pocket costs are capped at $1,750 per person,
$3,500 per family.
Out-of-Network
- Employee can elect to go outside the network for care,
but coverage will be less than staying in-network.
- Pay a calendar-year deductible of $400 per person before
the plan pays benefits
- After paying a deductible, inpatient care is covered at
65% up to your out-of-pocket maximum; at 100% thereafter.
- Office visits are covered at 65%, after deductible.
- Annual out-of-pocket costs are capped at $4,000 per person.
Preferred Provider
Organization (PPO) Plan:
- This plan is similar to the POS Plan, with the following
exceptions:
- Receive care from a PPO network provider for in-network
coverage levels (described under POS plan).
- Receive care from non-PPO network providers for out-of-network
coverage (described under POS plan).
- There is no primary care physician designation required,
but you are encouraged to use one doctor to manage your care
Tyco Traditional Health
Plan
- Receive care from any provider.
Pay a calendar-year deductible of $300 per person, $600
per family, before the plan pays benefits.
- After deductible, most inpatient care is covered at 75%
up to out-of-pocket maximum; at 100% thereafter.
- Office visits are covered at 75%, after deductible.
- Annual out-of-pocket costs are capped at $2,500 per person,
$5,000 per family.
- Have the option of enrolling in a POS or PPO plan for a
higher level of coverage, if willing to travel to network
area
Back to top
Prescription
Drug Program
To help manage the cost of prescription drugs, Tyco Electronics
includes the Prescription Drug Program when an employee elects
coverage under a Tyco Electronics medical plan. Prescriptions
may be filled at a participating pharmacy, paying only a
co-payment, with no deductible required.
At a participating pharmacy, employee pays a co-payment of:
- $10 for generic drugs
- $20 for preferred brand-name drugs for up to a 30-day supply
of drugs
A convenient mail order program is also available for drugs.
For a 90-day supply of mail order drugs, you'll pay a co-payment
of:
- $15 for generic drugs
- $ 30 for preferred brand-name drugs
Employees may choose non-preferred brand-name drugs, paying
$40 for up to a 30-day supply or $60 for a 90-day supply through
the mail order program. In most instances, non-preferred brand-name
drugs have either a generic or preferred brand equivalent.
Back to top
Dental
Plan
Maintaining good dental care is essential to good health.
When you join Tyco Electronics, you and your eligible family
members can join the Dental Plan.
Highlights of coverage:
With no deductible
- Preventive care
100%
- Orthodontia covered at 50% for dependent children under
age 19, up to a separate $1,500 lifetime maximum
After you pay a $50/person/calendar-year deductible
- Basic Treatment
80%
- Major Treatment
50%
Maximum benefit
Back to top
Reimbursement
Accounts
Employees can participate in a Health Care and/or Dependent
Care Reimbursement Account to save income taxes on eligible
health and dependent care expenses.
- Employees can set aside up to $2,400 a year to pay for
most unreimbursed health care expenses; and
- Employees can set aside up to $5,000 a year ($2,500 if
tax status is married, filing separately) to pay for eligible
dependent day care.
Back to Top
Life Insurance
Everyone has different needs when it comes to life insurance.
Tyco Electronics provides a variety of coverages for survivor
protection. In addition to the basic coverages provided
at no cost, employees may also buy additional coverage
for themselves and their families.
Basic Term Life Insurance
A benefit equal to 1x your base annual salary is provided at
no cost to the employee.
Accidental Death and Dismemberment Insurance (AD&D)
A benefit equal to 1x base annual salary is provided at no
cost to the employee.
Business Travel Accident Insurance
This plan pays a benefit, at no cost to the employee, based
on salary should the employee die or be injured while traveling
on company business.
Personal and Family Accident Insurance
Employees may buy additional accidental death and dismemberment
(AD&D) insurance for either the employee only or the
employee and family. This plan pays a benefit in the event
of a covered accident resulting in injury or death.
Supplemental Life Insurance
Employees may also buy additional life insurance at competitive
group rates.
- Life insurance for self: 1x, 2x, 3x, 4x, or 5x salary,
up to $3,000,000.
- Additional AD&D coverage to match the additional life
insurance.
- Spouse life insurance: from $10,000 to a maximum of $100,000.
- Dependent child life insurance: $5,000 or $10,000 per child.
Back to Top
Disability
Short Term Disability
Minimum of 75% salary continues for up to 26 weeks if absent
from work due to an illness, injury, or maternity. This benefit
is provided at no cost to the employee.
Long Term Disability
All newly eligible employees may join the Long Term Disability
Plan. This plan will cover 60% of pay should an employee
become permanently and totally disabled. Coverage under this
plan begins for employees who are totally disabled for more
than 180 consecutive days.
Back to Top
Savings
Program
401(k) Retirement Savings and Investment Plan
The Retirement Savings and Investment Plan is one of the best
ways to save for retirement. Employees can enjoy the benefits
of saving with pretax dollars, plus all earnings accumulate
on a tax-deferred basis. In addition, employees may borrow
from their savings while employed with Tyco Electronics.
Tyco Electronics will contribute to savings up to plan limits.
A variety of investment options is available, including company
stock.
The Tyco Electronics Retirement Savings and Investment Plan
allows employees to directly roll over any balances from previous
employers' 401(k) plans.
Employee Stock Purchase Plan
We put our stock in the future - and in our employees. Employees
are immediately eligible to join the Tyco Electronics Employee
Stock Purchase Plan (ESPP) upon hire. Tyco Electronics will
make a 15% match on an employee's contribution and
pays the brokerage fees for stock purchased under the ESPP.
Back to Top
Education
Education and Opportunity Programs
At Tyco Electronics, our future depends on a well-educated,
properly-skilled workforce. We need employees who can compete
worldwide. To achieve this, we have worked to promote the benefits
of continual learning for all employees and their families
through our Education and Opportunity Programs. While employees
have primary responsibility for their own career development,
we support their initiative through these programs
Tuition Reimbursement Program
To remain competitive, Tyco Electronics is constantly learning
innovative ways to enhance the way we do business. We know
our employees have similar goals for their own personal development.
With management approval and subject to program guidelines,
employees are eligible for educational assistance, with 100%
tuition reimbursement for career-related courses.
Computer Purchase Program
These days, you have to be wired to the world to keep up and
stay ahead. To that end, Tyco Electronics offers all employees
an 18-month interest-free home computer purchase loan that
can be repaid through payroll deductions.
Tuition Advantage Education Financing Program
Professional assistance is available for education financing
and accessing low-cost financing sources.
Personal and Professional Development Library
Employees may borrow personal and professional development
audio and video tapes at no cost.
Back to Top
Other
Benefits
Adoption Assistance Program
Tyco Electronics will reimburse up to $5,000 for fees and travel
expenses associated with adopting a child.
Smoking Cessation Program
Tyco Electronics helps smokers kick the habit with subsidized
nicotine gum and patches and behavior modification program.
Tyco Electronics and the employee share in the cost of this
program.
Tyco Wellness Program
Tyco Electronics provides educational information and resources
at no cost to the employee
Back to Top
Tyco Electronics has made every effort to ensure
that this benefits web page reflects the various Plan documents
and contracts. However, if there is any conflict or inconsistency
between this website and those documents or contracts, the
documents or contracts will govern.
|
