Server: Netscape-Enterprise/2.0a Date: Thu, 18 Dec 1997 08:42:47 GMT Accept-ranges: bytes Last-modified: Mon, 08 Dec 1997 20:58:31 GMT Content-length: 12232 Content-type: text/html Employee Benefits Current Job Openings Submit Resume

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Green Tree is experiencing unprecedented growth. We are committed to providing career advancement opportunities by promoting from within when appropriate. Furthermore, Green Tree is supportive of the continued development of its workforce, by providing internal training and offering tuition reimbursement.
Flexplan Options Paid Time Off Benefits Pension/401(k)
Benefits

It's your choice!
Your benefit program is an important part of your total compensation. The Green Tree Flexible Benefits Plan is comprehensive, responding to both your short- and long-term needs, and flexible, allowing you to tailor an individualized program that best meets your needs.

How does the Flex Plan work?

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  • Upon hire, you enroll in the Flexible Benefits Plan and elect different benefit programs and different levels of coverage.
  • During the annual open enrollment period, you have the opportunity to change your benefit elections or elect different levels of coverage.
  • Each year Green Tree allocates benefit credits to you to spend on your flexible benefits.
  • Each flexible benefit option costs a specific number of benefit credits. The higher the level of coverage, the more credits it requires. Likewise, lower coverage levels require fewer benefit credits.
  • If the total cost of your benefit elections is more than the credits allocated, you pay the difference through payroll deductions each pay period. Any unused credits will be forfeited.
  • Unless otherwise instructed, payroll deductions are made on a pre-tax basis, with the exception of Long-Term Disability Insurance which is made on an after-tax basis.
  • The Flex Plan allows you to select the benefit elections and the levels of coverage that are right for you.

Medical

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  • The Base/Major Medical Plan is offered through Blue Cross/Blue Shield of Minnesota. Under this plan, you are free to see the doctor of your choice and pay a $100 deductible.
  • The Managed Choice plan is available through Aetna Insurance Company. Under this plan, you choose a primary care provider and pay a $10 co-pay for most services. In locations that do not have Managed Choice, a $250 deductible plan is available. Under this plan, you are free to see the doctor of your choice.
  • The $750 deductible plan is available through Aetna Insurance Company. You are free to see the doctor of your choice.

Dental

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  • The Preventive Dental plan covers services such as exams, x-rays, cleanings, and basic services such as routine fillings with an annual out of pocket maximum of $750.
  • In addition to basic services, the Comprehensive Dental plan covers major restorative services such as prosthetics and orthodontics with an annual out of pocket maximum of $1,000.

Life Insurance/Accidental Death & Dismemberment

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  • You can select the right level of coverage, from $10,000 to $500,000.
  • The Life Insurance plan pays a benefit to your beneficiary in the event of your death.
  • The Accidental Death and Dismemberment portion provides an additional benefit, an amount equal to your Life Insurance coverage.
  • Spouse/dependent coverage is also available. Coverage for your spouse is $5,000; coverage for your dependent(s) is $2,500.

Long-Term Disability

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  • Long-Term Disability (LTD) replaces a portion of your income if you are unable to work due to a non-occupational illness or injury.
  • Because employee contributions are on an after-tax basis, LTD benefits are not subject to Federal Income or Social Security taxes. Generally, the benefits are not subject to state or local taxes. There are two LTD options: 40% of base pay or 67% of base pay.

Vision Care

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  • If you use a participating in-network doctor, your services are covered at 100% with a $10 co-payment for the examination and a $10 co-payment if materials are required.

Flexible Spending Accounts

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  • Flexible Spending Accounts let you set aside a certain amount each pay period on a pre-tax basis to cover eligible health care and dependent care expenses. Then, as you pay for those expenses, you are reimbursed from your account on a tax-free basis.
  • The Health Care Account lets you set aside up to $2,400 annually to pay for any eligible medical, dental or vision care expenses not reimbursed through your health care plan(s).
  • The Dependent Care Account lets you set aside up to $5,000 annually to pay for any eligible dependent care expenses that you incur in order to work.

Sick Leave
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  • You accrue sick leave at a rate of four hours for each month of employment (two hours each pay period).
  • Sick leave is available for your use as it is accrued (up to a maximum of 60 days) and may be used for either your illness or the illness of your minor child or for your medical/dental appointments or those of your minor child.

Vacation

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  • The amount of vacation you have is determined by your length of service with the Company. You will be granted 40 hours of vacation after successfully completing a 6-month probationary period.
  • You continue to accrue vacation time per pay period at a rate equal to two weeks of paid vacation per year. This annual allotment increases to three weeks after the completion of five years of employment.

Personal Days

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  • You are entitled to two personal days each year after you have completed one year of employment with Green Tree.

Holidays

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  • Green Tree will observe the following seven holidays in 1997 as paid days off: New Year's Day, Presidents' Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas Day.
  • In addition, you have an elective holiday which may be taken the day after Thanksgiving, Christmas Eve or another day as approved by management.

Short-Term Disability

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  • Short-term Disability (STD) benefits begin on the sixth day of your disability and are based on your years of service with Green Tree.
  • You are entitled to one week (5 days) of disability pay for each year of service.
  • Disability Pay is 100% of your base pay and is subject to normal withholding.

Bereavement Pay

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  • You are entitled to up to three days paid time off in the event of death of an immediate family member.
  • Immediate family is defined as children, spouse, parents, siblings or grandparents, or your spouse's parents, siblings or grandparents or in laws.

Pension

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  • You are fully vested in the Plan after five years of service with Green Tree, provided you have worked 1,000 hours or more in each of those years and are 21 years old. Your retirement benefit will depend on when you retire, how many years you have participated in the Plan, your compensation during your employment, and the method of benefit payment you choose.

401(k) Plan

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  • You can set aside, for your retirement, between 1-15 % of your pay in a 401(k) account. You make contributions to your account on a pre-tax basis, and your earnings grow on a tax-deferred basis. The Plan gives you six investment options, and there is a company match on 50% of your contributions, up to 6% of your pay per pay period. You are fully vested in the Plan after 3 years of employment in which you have worked at least 1,000 hours in each year.

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