Employee Benefits


	Breakthrough Long Term Care Our People Our Plan for Growth	Non-Union Employee Benefits Medical and Dental Health Insurance Loretto offers a choice of two plans for medical insurance and prescription coverage through Excellus Blue Cross Blue Shield of Central New York. The Blue Point 2 coverage is a Point of Service Plan, (POS). It includes full HMO coverage with an out of network benefit. The FourFront plan uses a combination of co-payments and deductibles to give you the maximum flexibility and control over your healthcare at a low cost. Flexible Spending Plans Pretax savings account for eligible medical, dental, and prescription expenses and dependent care. Coverage eligibility dates depend on employee status and date of hire. Employee Vision Plan Loretto offers an employee vision plan that entitles the employee to a free pair of glasses and one free eye exam every 2 years at Empire Vision Centers. Coverage eligibility dates depend on employee status and date of hire. Loretto Employee 401(k) Savings Plan 401(k) plan that allows you to save up to 100% of your salary (up to $15,000 in 2007) on a pre-tax basis. The plan, through M&T Investment Group, offers 10 diverse mutual fund investments from 8 different fund families. After 1 year of service Loretto provides a contribution equal to 3% of the employee’s yearly salary, with or without an employee contribution. 100% vested immediately on the contribution. Employee must be 21 years of age. Life Insurance All employees will receive a Term Life and AD&D insurance policy at their date of hire. Sick Time Off Employees can accrue up to 90 days of sick time throughout their career at Loretto. The first year employees may accrue up to 8 days. Sick time can be carried over from year to year until they reach the 90-day maximum. Paid Time Off Employees are eligible for up to 4 weeks of paid time off after one year of employment. After completing 5 years of employment, employees can receive up to 5 weeks of paid time off. Holidays Employees are eligible for 7 paid holidays per year. Annual Pay Increases Increases are given after each year of satisfactory work performance until the employee reaches the maximum rate for their job. The decision on how salaries will be impacted is made each year and may change from one year to the next. Overtime Pay Non-expempt employees are paid at one and one half times their hourly rate for all hours worked in excess of 40. Shift Differential A shift differential is paid to eligible employees who work evening and night shifts. Tuition Reimbursement Loretto offers educational assistance to Full Time and Part Time employees. Full Time employees are reimbursed 90% of the tuition cost for courses related to their career at Loretto. Loretto will also refund 90% of book costs if a grade of ""A"" is achieved in the course. Part Time employees receive a pro-rated benefit.