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

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Connect (when you get to the MetLife site, select the Statement of Health link), or by paper. Spouse EOI must be submitted by paper. You can download a paper EOI form through the Forms link at HII Benefits Connect or request an EOI form from the Huntington Ingalls Benefits Center (HIBC) at 1- 877-216-3222. You must return the completed EOI form to MetLife at the address provided on the form as soon as possible. MetLife will review your form and notify you and the HIBC when your coverage is accepted or rejected. If your coverage is accepted, MetLife informs you of the date your coverage begins. The EOI process requires information about your health, medical history, and preexisting conditions. In addition, your doctor may be required to submit information regarding your health or give you a physical exam. You may be required to pay the cost of any physical exams performed to obtain coverage. Until your EOI is processed, your coverage will be limited to an amount allowed without EOI. For example, if you enroll as a new employee and choose coverage equal to four times your annual base pay of $155,000, your coverage will be limited to $600,000 until your EOI is processed and your coverage is approved. Imputed Income Federal tax law requires you to pay income taxes on the value of your employerprovided group life insurance in excess of $50,000 and on spouse life insurance when applicable. This is called imputed income. You may choose to avoid imputed income by not electing any spouse life insurance. What Happens to Your Optional Coverage at Age 65 If you have optional life insurance coverage at age 65, the original amount of your optional coverage is reduced the first of the month following your 65th birthday, based on the following chart: Age Percentage of Your Original Benefit Amount Payable 65 92% of the original amount 66 84% of the original amount 67 76% of the original amount 68 68% of the original amount 69 60% of the original amount 70 and older 50% of the original amount This reduction will also affect your spouse’s life insurance benefit. Note that your spouse’s reduction is based on when you reach age 65 (the first of the month following your 65th birthday). Your spouse’s benefit is not affected by his or her age. Life Insurance Plan April 2011 -5-
For example, let’s assume: • Your annual base pay is $40,000 • You are age 64 and your spouse is age 63 • You choose optional employee life insurance of two times your base pay ($40,000) for a total life insurance benefit of $80,000 • You choose optional spouse life insurance of one times your annual base pay, or $40,000. When you reach age 65 (the first of the month following your 65th birthday): • Your coverage amount will reduce to $73,600 (92% X $80,000) • Your spouse’s coverage amount will reduce to $36,800 (92% X $40,000). When you reach 66 (the first of the month following your 66th birthday): • Your coverage amount will reduce to $67,200 (84% X $80,000) • Your spouse’s coverage amount will reduce to $33,600 (84% X $40,000). Your basic life insurance coverage will not be reduced at age 65. 4. In the event of the death of an insured employee, to whom will the life insurance benefit be paid The benefit will be paid to the designated beneficiary or beneficiaries. If the employee has not designated a beneficiary, or if a designated beneficiary has predeceased the employee, the life insurance benefit will be paid in the following order to the employee’s: • Spouse • Estate. 5. May the designated beneficiary be changed Yes, the employee may change the designated beneficiary at any time by going online to Your Benefits Resources via HII Benefits Connect at http://hiibenefits.com. If you do not have Internet access, please call the Huntington Ingalls Benefits Center (HIBC) at 1-877-216-3222. 6. In what form are life insurance benefits paid The life insurance benefit will be paid as a lump sum to your designated beneficiary(ies). Your beneficiary(ies) have the option to receive the lump sum or have it deposited into an account reserved for this benefit and access the money when necessary. Life Insurance Plan April 2011 -6-
Page 1 and 2: EMPLOYEE HANDBOOK OF SUMMARY PLAN D
Page 3 and 4: Table of Contents Eligibility .....
Page 5 and 6: Your cost for optional life insuran
Page 7: This coverage is available for elig
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
Page 55 and 56: This Summary Plan Description (SPD)
Page 57 and 58: How are benefits payable Benefits a
Page 59 and 60:
Appeal Procedure 15. What procedure
Page 61 and 62:
Table of Weekly Disability Insuranc
Page 63 and 64:
SUMMARY PLAN DESCRIPTION Huntington
Page 65 and 66:
This Summary Plan Description (SPD)
Page 67 and 68:
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
Page 211 and 212:
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
Page 231 and 232:
• $875.00 + ($1,000.00 x 0.590) =
Page 233 and 234:
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
Page 247 and 248:
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
Page 259 and 260:
Additional Information about the Ap
Page 261 and 262:
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
Page 269 and 270:
issues; or any matter where the cre
Page 271 and 272:
Mortgages This service covers the p
Page 273 and 274:
INSURANCE MATTERS Insurance Claims
Page 275 and 276:
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
Page 281 and 282:
SUMMARY PLAN DESCRIPTION (Supplemen
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Medicare Premium Reimbursement Prog
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Administrative This summary plan de
Page 287 and 288:
Page 289 and 290:
This Summary Plan Description (SPD)
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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
Page 297 and 298:
Post-Service Claims. There are two
Page 299 and 300:
Appendix I: List of Participating P
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Page 303 and 304:
Introduction The benefit plans desc
Page 305 and 306:
• Gives you the right to sue for
Page 307 and 308:
Security Administrator (formerly kn
Page 309 and 310:
HIPAA Privacy Rights Title II of th
Page 311 and 312:
Your Rights Under HIPAA You have th
Page 313 and 314:
If you are on a leave of absence du
Page 315 and 316:
Event Within 31 days of the qualifi
Page 317 and 318:
Benefit Option What Happens During
Page 319 and 320:
Benefit Option Weekly Disability In
Page 321 and 322:
Dependent Day Care Flexible Spendin
Page 323 and 324:
If You Transfer If you transfer fro
Page 325 and 326:
If Your Employment Ends Due to a La
Page 327 and 328:
If Your Employment Ends Due to Disa
Page 329 and 330:
continues provided the required pre
Page 331 and 332:
Newly Eligible Child If you, the fo
Page 333 and 334:
efore the end of the original 18-mo
Page 335 and 336:
Uniformed Services Employment and R
Page 337 and 338:
change the amount of required emplo
Page 339 and 340:
Contact Information: Vision Plan ER
Page 341 and 342:
Contact Information: Dependent Care
Page 343 and 344:
Contact Information: Business Trave
Page 345 and 346:
Source of Contributions: Premiums a
Page 347 and 348:
Contact Information: Employee Assis
Page 349 and 350:
Plan Sponsor/Employer EIN 90-060700
Page 351 and 352:
Plan Number: 107 Plan Name: Plan Ad
Page 353 and 354:
Contact Information: Retiree Prescr
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