Retirement Plan

• Effective 1 Jan 01, participation mandatory for new hires, re-hires and newly eligibles for the first 6 months of eligibility
• Costs you 2% of Gross Wages
• 5 years participation > You will receive monthly benefit at retirement for life
• Provides 55% Survivor Benefit
• Provides only form of disability pay other than sick leave
• Provides Supplemental Early Retirement Benefit
• Eligible for free Life Insurance if you meet the minimum participation requirements
• Eligible for Retiree Medical Insurance if you meet minimum participation requirements. You pay only 30% of the retiree medical premium.
• Annual Cost of Living adjustments (COLA)
• Your contributions normally are returned within 1-3 years of monthly retirement benefits, then for the rest of your life, you will receive all NAF money. And your spouse will receive a benefit for the rest of his/her life too if you pre-decease your spouse.
• May purchase up to 5 years of military service (provided the military service is not already providing you a retirement benefit, or you have not used the military service in another company's retirement plan) - Military Service Purchase Program
• Credit for service of non-redeposit of retirement plan refunds

401k Savings Plan

• 2009 IRS Maximum deferral is $16,500 and age 50 and over catch up contribution is $5,500 for a total of $22,000

NAF 401k Savings Plan How to Maximize Your Deferral Percentage

• 401(k) Investment Guide
• Tax Deferred Savings
• Contribute 1%-100% of Net Wages (after mandatory deductions, such as Social Security, Medicare and debt repayment).
• Employer Gives you FREE MONEY in the form of matching contributions from 1%-3%
• Nine Investment Funds and twelve Life Cycle Funds to choose from
• 24 Hour Toll Free automated benefits line and internet access of your personal 401(k) account
• Quarterly Statements
• Hardship Withdrawals
• Loan Program (Maximum 3 loans)
• Rollovers to and from Qualified Plans
• Vesting after 3 years of service
• Over Age 50 Catch Up Contributions Available
• Retirement Consultation

Medical & Dental

• Aetna Open Choice 2011
• Aetna Traditional Choice 2011
• Aetna Global Benefits 2011
• Aetna Stand Alone Dental 2011

Life Insurance Plan

• Basic Life Insurance of one or two times salary up to $250,000
• Cost is only fourteen cents per thousand of coverage
• Optional life insurance up to two times basic insurance up to a maximum of $500,000. Employee pays full premium.
• May elect up to 5 times the amount of free dependent life insurance and pay the premium. First free level is $5,000 for your spouse and $2,500 for each dependent child. Requires participation in the basic life insurance plan.
• Living benefits if doctor certifies less than 1 year to live. Can receive up to half of basic life insurance while living.
• Free retiree life insurance if you meet minimum qualifications and elect immediate retirement benefit.
• See your Human Resources Office to enroll in the life insurance plan within 31 days of employment or during the open enrollment period.

Long Term Care Insurance

• Available under guaranteed issue for new employees or anytime with evidence of insurability
• Discounted group rates by payroll deduction
• Premiums do not increase with age
• Coverage continues unchanged after you terminate employment or retire
• Options available for $100, $140, $180, $220 or $260 per day nursing home care benefit and home care at 50% of the nursing home care benefit
• Three and Five Year Options
• Numerous other favorable features, such as restoration of lifetime benefit under certain circumstances, temporary bed holding benefit, inflation protection option, guaranteed issue for periodic benefit increases, and more
• Spouses, parents, grandparents, and in-laws of eligible employees may also apply
• Enrollment kits are available from your personnel office and from CNA.
• Toll free number to CNA is 1-877-777-9072. Office hours 8:00am-6:00pm, Monday-Friday.

Flexible Spending Accounts

• Introduction to Flexible Spending Accounts (FSA)
• Announcement of the New FSA Plan
Flexible Spending Accounts Presentation:
• Flexible Spending Accounts Summary Plan Description
Flexible Spending Account Enrollment Form
• Health Care Reimbursement Form
Dependent Care Reimbursement Form
• Over-The-Counter Reimbursement Form
• Streamlining Your Reimbursement
• Consumer Claim Tips

For more information visit the Aetna FSA Web Site: www.aetnafsa.com

Annual Leave

Annual leave will accrue for all hours in a pay status up to a maximum of 40 hours per week, at the following rates:

Regular employees with less than 3 years of creditable service - 5 percent (4 hours)

Regular employees with 3 years but less than 15 years of creditable service- 7 1/2 percent (6 hours), except for the final biweekly period of the leave year, it will accrue at the rate of 12 1/2 percent of the total non-overtime hours.

Regular employees with more than 15 years of creditable service- 10 percent (8 hours) less than 3 years of creditable service will accrue 4 hours of annual leave for every 80 hours worked.

Sick Leave

Regular employees earn sick leave to be credited to their account at the end of each pay period, at the rate of 5 percent (4 hours) of the total hours in a pay status up to a maximum of 40 hours per week.

Holiday Pay

• New Year's Day (1st Day of January)
• Martin Luther King, Jr. Birthday (3rd Monday in January)
• President's Day (3rd Monday in February)
• Memorial Day (Last Monday in May)
• Independence Day (July 4th)
• Labor Day (1st Monday in September)
• Columbus Day (2nd Monday in October)
• Veteran's Day (November 11th)
• Thanksgiving Day (4th Thursday in November)
• Christmas Day (December 25th)