HII Newport News Operations Summary Plan ... - Benefits Connect

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This Summary Plan Description (SPD) describes the Huntington Ingalls Industries, Inc. Newport News Operations Life Insurance Plan for Employees Covered by the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union (United Steelworkers), Local 8888, Collective Bargaining Agreement Effective October 27, 2008, through March 10, 2013 (the “Plan”) and is intended to describe the benefits the Plan provides for eligible employees. References in this booklet to the “Company” mean Huntington Ingalls Industries, Inc. Newport News Operations. Eligibility 1. Who may participate in the Life Insurance Plan All active, full-time employees covered by the collective bargaining agreement between Huntington Ingalls Industries, Inc. Newport News Operations and United Steelworkers, Local 8888, (bargaining unit), become eligible for coverage on the first day following the completion of three months of continuous active employment, provided the employee is actively at work on that day. No employee contributions (premiums) are required for Basic Life Insurance. 2. Are dependents eligible for coverage under the Plan Yes. You may elect optional life insurance coverage for your eligible spouse and/or dependent child(ren). Payment of Benefits 3. What benefits are provided by the Plan Basic Life Insurance The Plan provides Basic term life insurance for each active full-time employee in the bargaining unit in the amount of $35,000. Optional Life Insurance Effective July 1, 2009, you may purchase optional life insurance for yourself and your eligible dependents. If you select optional life insurance, you pay the full cost with after-tax dollars, based on group rates negotiated by Huntington Ingalls Industries, Inc. Life Insurance Plan April 2011 -1-
Your cost for optional life insurance for yourself and your spouse is determined by the employee’s age as of December 31 of the benefit plan year and the coverage level selected. As your base pay changes, so will your coverage amount and rate for coverage for yourself and your spouse, if applicable. Your cost for child life insurance is determined as a flat rate per option. You can select optional life insurance at the following times: • Within 31 days of when you (and your dependents) first become eligible for coverage (which is usually 90 days from your date of hire) • Anytime during the benefit plan year, subject to Evidence of Insurability (EOI) requirements. Depending on the amount of coverage you choose, you may need to provide satisfactory EOI. See “When Evidence of Insurability Is Required” for details. For your optional life insurance to take effect, you must be an active employee and not on a leave of absence at the start of the benefit plan year. If you are on a leave of absence, and you want to increase your coverage, you must call the Huntington Ingalls Benefits Center (HIBC) when you return to work. For your dependent’s coverage to take effect, he or she must not be confined for medical care or treatment — either in a medical treatment facility or at home — on the effective date of the coverage. If your dependent is confined, coverage begins when he or she is released from confinement. You can purchase dependent life insurance regardless of whether you purchase optional life insurance for yourself, but your spouse’s life coverage cannot exceed 50% of your combined basic and optional insurance coverage. If you are still covered by the optional life insurance plan at age 65, your benefit will be reduced by the plan’s age reduction factors. See “What Happens to Your Coverage at Age 65” for details. Optional Life Insurance for Yourself If you select optional life insurance for yourself, your beneficiary will receive benefits under both your basic and optional life insurance in the event of your death. The optional life insurance options for employees are: • 1 x your annual base pay up to a maximum of $1 million • 2 x your annual base pay up to a maximum of $1 million • 3 x your annual base pay up to a maximum of $1 million • 4 x your annual base pay up to a maximum of $1 million • 5 x your annual base pay up to a maximum of $1 million • 6 x your annual base pay up to a maximum of $1 million • 7 x your annual base pay up to a maximum of $1 million Life Insurance Plan April 2011 -2-
Page 1 and 2: EMPLOYEE HANDBOOK OF SUMMARY PLAN D
Page 3: Table of Contents Eligibility .....
Page 7 and 8: This coverage is available for elig
Page 9 and 10: For example, let’s assume: • Yo
Page 11 and 12: • The disability is considered to
Page 13 and 14: • If the Plan is terminated by th
Page 15 and 16: Conversion portability feature for
Page 17 and 18: conversion period ends. Ported cove
Page 19 and 20: level, neither your beneficiary nor
Page 21 and 22: Table of Contents Eligibility .....
Page 23 and 24: • Suffered by the employee within
Page 25 and 26: Upon the death of a covered depende
Page 27 and 28: insane • Commission or attempt to
Page 29 and 30: administrator will give no deferenc
Page 31 and 32: APPENDIX A (cont.) Schedule of Insu
Page 33 and 34: * A loss is defined as: • For a h
Page 35 and 36: Felonious Assault and Violent Crime
Page 37 and 38: hospital confinement (or part of a
Page 39 and 40: SUMMARY PLAN DESCRIPTION Huntington
Page 41 and 42: This Summary Plan Description (SPD)
Page 43 and 44: 10. May the designated beneficiary
Page 45 and 46: extension of time for processing th
Page 47 and 48: APPENDIX A — Schedule of Insuranc
Page 49 and 50: APPENDIX B — Additional Benefits
Page 51 and 52: Rehabilitation Benefit: The benefit
Page 53 and 54: SUMMARY PLAN DESCRIPTION Huntington
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This Summary Plan Description (SPD)
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How are benefits payable Benefits a
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Appeal Procedure 15. What procedure
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Table of Weekly Disability Insuranc
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SUMMARY PLAN DESCRIPTION Huntington
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How the EAP Works The EAP provides
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• A specific description of the E
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Type of Claim Time to Appeal from D
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Throughout the review process, the
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Table of Contents OVERVIEW ........
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Your Contributions If you choose to
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⎯ Removal of lead-based paint to
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• Any other expenses considered n
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Ineligible Dependent Day Care Expen
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account, you cannot also claim the
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Health Care FSA Example Assume the
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enefits, you will have to manually
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• In addition, you contributed $2
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Introduction In accordance with the
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hours you are paid for working and
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savings on a before-tax basis can m
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Effective Date June 7, 2004 July 11
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securities of foreign issuers. It m
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how long you intend to have the fun
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withdrawals are subject to taxes (S
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in which you terminate employment o
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e taxable in the year of the sale.
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The request for appeal must include
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• Bonding of Plan officials, •
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writing. Participants in the Huntin
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Table of Contents Eligibility .....
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• You become an active, full-time
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• Normal Retirement ⎯ Refer to
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• January 1, 1994−December 31,
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Calendar Year Months Hours per mont
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Your Minimum Benefit will be reduce
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join the Pension Plan on July 1, 19
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If you retire early and begin your
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20. For all types of retirement, ar
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• A pension at your Normal Retire
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You will receive a notice of suspen
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• The Pension Plan is terminated
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• A legible copy of your spouse
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A Joint and Survivor (J&S) with Pop
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The Participant’s estimated Socia
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The Participant receives a monthly
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If the Participant marries after co
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The spouse may elect to defer comme
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• A description of additional mat
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Administration of the Plan 48. How
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Benefits under this Plan are insure
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Rollovers by Non-Spouse Beneficiari
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Table of Contents Introduction ....
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Plan. The plan document sets forth
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4. What is included in hours paid f
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investment performance could result
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Vesting 16. What is “vesting” a
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Besides having the right to appeal,
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Subject to the terms of the Collect
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which agreement is effective Octobe
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Applying for Your Retirement Benefi
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Top Heavy Rules ...................
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Vesting If you participated in the
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DETAILS ABOUT THE CASH BALANCE PLAN
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30-year Treasury Bond Annual Rate F
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Points on August 31, 2008 (age plus
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• Hire date: November 29, 2004
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Once you become vested, you are alw
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• If you have 10 or more years of
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payment or even a forfeiture of ben
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50% joint and survivor annuity with
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3. To determine the amount your spo
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Calculating 75% Joint and Survivor
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The factors shown in this table are
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In the chart, age 65 corresponds to
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Type of Approved Leave Qualifying m
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• You have 75 points (refer to
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cannot be determined, you receive e
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• Individuals hired by an outside
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Vesting in Your Benefit Vesting mea
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Your Total Contributions multiplied
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Age at Which You Begin Receiving Be
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• A legible copy of your marriage
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level income option. However, your
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For example, let’s assume: • Yo
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• $875.00 + ($1,000.00 x 0.590) =
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Factors for Calculating Certain and
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Type of Approved Leave Unpaid famil
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The amount of your spouse's monthly
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Final Monthly Rate From Through Mon
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Hours for this purpose are usually
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There are specific requirements tha
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Appealing Claims Decisions If you d
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When plan amendments are made that
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COMMONLY USED ACRONYMS Following ar
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Table of Contents Plan Description
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Claims Administrator Vision Service
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How to Use the Vision Plan If you w
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Fiduciary Responsibility The Plan A
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Additional Information about the Ap
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Table of Contents Plan Description
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• Debt Collection Defense • Doc
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The Group Legal Plan gives you acce
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WILL AND ESTATE MATTERS Probate (10
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issues; or any matter where the cre
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Mortgages This service covers the p
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INSURANCE MATTERS Insurance Claims
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Juvenile Court Defense This service
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EXCLUSIONS Excluded services are th
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this Plan. However, if you are elig
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SUMMARY PLAN DESCRIPTION (Supplemen
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Medicare Premium Reimbursement Prog
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Administrative This summary plan de
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What is Covered The following items
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would pay $0, so the Plan would pay
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If services under the Plan are deni
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Post-Service Claims. There are two
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Appendix I: List of Participating P
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Introduction The benefit plans desc
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• Gives you the right to sue for
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Security Administrator (formerly kn
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HIPAA Privacy Rights Title II of th
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Your Rights Under HIPAA You have th
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If you are on a leave of absence du
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Event Within 31 days of the qualifi
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Benefit Option What Happens During
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Benefit Option Weekly Disability In
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Dependent Day Care Flexible Spendin
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If You Transfer If you transfer fro
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If Your Employment Ends Due to a La
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If Your Employment Ends Due to Disa
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continues provided the required pre
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Newly Eligible Child If you, the fo
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efore the end of the original 18-mo
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Uniformed Services Employment and R
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change the amount of required emplo
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Contact Information: Vision Plan ER
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Contact Information: Dependent Care
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Contact Information: Business Trave
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Source of Contributions: Premiums a
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Contact Information: Employee Assis
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Plan Sponsor/Employer EIN 90-060700
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Plan Number: 107 Plan Name: Plan Ad
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Contact Information: Retiree Prescr
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