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Benefits
SSG Precision Optronics, Inc. (SSGPO) and its subsidiary, Tinsley Laboratories, recognizes the importance of providing comprehensive benefits and considers them to be a major part of your compensation package. The contributions made by SSGPO to your benefits programs are like a second paycheck, providing benefits that are designed to support the needs of employees and their families. SSGPO is committed to providing benefits that are competitive, and will periodically review its programs to make sure they continue to meet your needs. Unless otherwise noted, benefits described here are effective on your date of hire and are subject to change.
Every effort has been made to make the information as accurate as possible. In the case of any discrepancy between the web site, the Summary Plan Description and the Official Plan Documents, the official plan documents always govern.
Health Plans
SSGPO offers a choice of group health plans based on your geographical location that enable you to select the best plan to meet your family’s needs. Your premiums are deducted from your pay on a pre-tax basis.
- Health Maintenance Organizations (HMOs) – Under an HMO, you and your family members choose a primary care physician who coordinates your care through the HMO network.
- Preferred Provider Organizations (PPO) – A PPO plan combines the benefits of an HMO and an indemnity plan. You can choose in-network providers (like an HMO) or out-of-network providers at a higher cost to you (like an indemnity plan). You decide whenever you receive medical services.
- Guardian Dental – This plan provides comprehensive dental coverage for a full range of preventive, basic, and major services.
- Vision Care – There is a $200 allowance for eye care (employee only) and is reimbursed by SSGPO and this allowance can be carried over one year.
Disability Plans
- Short-Term Disability (STD) – This plan provides 70% of your weekly benefits salary for up to 12 weeks for non work-related illnesses or injuries, up to a weekly maximum of $3,500.
- Long- Term Disability (LTD) – This plan provides a gross monthly benefit of 60% of employee’s prior monthly earnings beyond the STD coverage period up to a monthly maximum of $7,000.
Life Insurance
- Basic Group Term Life – Is paid at the amount of $50,000.
- Accidental Death & Dismemberment (AD&D) – Under AD&D, your beneficiary would receive an additional $50,000 if your death is due to an accident.
- Business Travel Accident – In addition to Basic Group Term Life and AD&D, this plan protects you while traveling on company business with coverage not to exceed four times your salary to a max of $1M per person.
- Supplemental Coverage – There is a choice of Group Term Life, Universal Life or a combination of the two.
401(k) Savings Plan
You may contribute on a pre-tax basis 1% to 17% of your eligible compensation, up to the IRS CY 2003 limit of $12,000. You can choose from a range of funds. The SSGPO company match is discretionary and determined on an annual basis. The Company match for CY 2003 is 25 cents for each dollar contributed by an employee up to a maximum of 6% of eligible compensation. Additional “Catch-Up Contributions” are available for CY 2003 for eligible participants age 50+.
Profit Sharing Plan
The Company, at its discretion, may make an additional contribution to the employee retirement account and this amount is determined annually.
Tuition Assistance Program
The program reimburses you for tuition and certain related expenses for job related courses up to a maximum $5,000 reimbursement for full time employees and $2,500 for part time employees. Achievement of a grade “C” or better (or “Pass” in the case of pass/fail course) is required for reimbursement. Your reimbursement may be subject to taxes per IRS regulations.
Vacation Benefits
Vacation time off with pay is available to eligible employees to provide opportunities for rest, relaxation, and personal pursuits. Regular full-time and regular part-time employees are eligible to earn and use vacation time.
The length of eligible service is calculated starting from your date of hire and your accrual rate changes after January 1st of each year. Detailed information is available at the time of interview.
Holidays
SSGPO generally provides an average of 11 paid holidays per year. Each year employees are provided with a list designating the Company Holidays. One of these holidays has been designated as a Personal Floater Holiday and may be taken at any time in CY 2003.
Current open positions
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Benefits Summary
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An inside look behind SSG
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Directions and key highlights of MA and CA locations
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