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Careers  Benefits

Benefits

This summary is intended to be a brief description of some of the benefits offered by TAEC, and is subject to change.
TAEC Summary Of Benefits
Medical Plan Options   Paid Family Leave (PFL) - California employees only
Prescription Drug Coverage   Long Term Care (LTC)
Vision Plan   Educational Assistance Program
Dental Coverage   Commuter Program
Life Insurance   401(k) Savings Plan
Employee Assistance Program (EAP)   Holidays and Paid Time Off (PTO)
Short Term Disability (STD)   Flexible Spending Accounts - Health Care & Dependent Care
       
 
Medical Plan Options (including prescription drug coverage)
Full time employees regularly scheduled to work 30 or more hours a week are eligible for health benefits effective on the date of hire.
PPO Choice Plus
No Primary Care Physician Direct access to specialists...out-of-pocket savings in-network...in- and out-of-network benefits available.
EPO Choice
Provides network coverage only...benefit levels typically higher.
High Deductible PPO Plan
Employees may choose any provider. Employee pays annual deductible before health plan pays for most services.
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Vision Plan
TAEC pays for basic vision benefits through MetLife Vision. Employees may choose to purchase additional vision coverage for contacts, frames, lenses, etc.
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Dental Coverage
TAEC offers a dental plan through Delta Dental. Dental options include a PPO and a dental network only plan. The plans cover preventative, diagnostic, basic, major, and orthodontic services.
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Life Insurance
TAEC provides life insurance benefits equal to two times the employee's annual salary (maximum of $600,000). Supplemental and dependent life insurance is also offered as voluntary, employee paid benefit.
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Employee Assistance Program (EAP)
TAEC offers an Employee Assistance Program (EAP). This program provides confidential counseling and treatment benefits for mental health issues, substance abuse, work concerns, family conflicts, and legal and financial concerns.
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Short Term Disability (Short term and Long Term)
TAEC offers an employee paid short term disability plan which offers coverage for up to 13 weeks of disability. The plan pays 60% of base pay (to a maximum of $2,000/wk). The plan is mandatory for California employees as it replaces California SDI. If an employee's disability extends beyond 90 days, enrolled employees may be eligible for further disability benefits subject to the qualification requirements of the long term disability plan.
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Paid Family Leave (PFL) (California employees only)
A California state mandated program that provides disability benefits for up to six weeks to employees who need to be off work to care for a family member or domestic partner who is ill, or to bond with a new child. The plan pays 55% of current pay (subject to a maximum amount).
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Long Term Care (LTC)
TAEC offers voluntary Long Term Care insurance to eligible employees. LTC provides insurance for an employee or eligible family member in the future event that you/they would require Long Term Care, such as assisted living or a stay in a nursing home.
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Flexible Spending Accounts - Health Care and Dependent Care
TAEC offers a Flexible Spending Account which allows employee to set aside pre-tax funds, for out-of-pocket medical expenses such as co-payments, deductibles, etc. and/or health care for dependent children (under age 13) or any mentally or physically disabled dependent (regardless of age).
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Educational Assistance Program
TAEC supports the development of its employees by providing assistance in reaching their educational goals. Reimbursement is available to the maximum amount allowed by the IRS per calendar year. Job-related courses, certificate programs and degrees satisfactorily completed at an accredited institution are eligible. All active fulltime employees are eligible for consideration upon their date of hire. HR approval needed prior to starting classes.
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Commuter Program
TAEC offers a variety of transportation options for employees' work commute. By using an alternate mode of transportation once or twice a week, employees can save money while reducing traffic congestion and pollution. The program provides a financial incentive for employees who participate a minimum of eight (8) days per month.
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401(k) Savings Plan
TAEC offers a 401(k) Savings Plan to eligible employees. Any regular employee who has completed 30 days of service with Toshiba and attained age 21 may begin participating in the Plan on the first of the month after meeting eligibility. You are 100% vested after four years of continuous service. Participating employees are able to choose from several T. Rowe Price Mutual funds, ranging from conservative funds to aggressive growth funds. TAEC will match up to 3% of your contribution. Annual dollar contribution maximum is determined by the IRS.
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Holidays and Paid Time Off (PTO)
TAEC provides 13 paid holidays per year including a (paid) holiday shutdown from Dec 25-Jan 1. (Some departments may be required to work during the shutdown in which case alternate arrangements will be made.) Paid Time Off is accrued for each employee from the first day of hire according to the following schedule (based on regular, full time employment, accrued per pay period).
 
Completed Years of Service 1-5 Years 6-10 Years 11+ Years
Paid Time Off Accrual per Year 17 days 20 days 25 days

Employees may accrue up to a maximum of two times the annual accrual rate.

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