CHCGA - Coventry Health Care of Georgia

• $1 per $1 on the first 1% of pay you contribute, plus• $0.50 per $1 on the next 5% of pay you contribute.This represents a total matching opportunity of 3.5% of pay, as compared to thecurrent GHS matching contribution of $0.50 per $1 on the first 4% of pay for atotal matching opportunity of 2% of pay.Be sure to attend an educational session on the new retirement benefits. Multiplesessions will be offered throughout Open Enrollment. A schedule is included inyour Open Enrollment packet.PAID TIME OFF (PTO) AND EXTENDED ILLNESSBANK (EIB)The PTO program allows full-time and part-time Associates to earn paid time offfor personal use, such as vacation, holidays, or sick leave. PTO accrual is basedupon your length of service and is calculated from the hours worked each payperiod.PTO Accrual ScheduleFull-time and PTO Accrual Rate Maximum PTOPart-time Service (Factor per paid hour) (8 hour day)Less than 4 years .0885 23 days per year5-14 years .1077 28 days per year15-19 years .1230 32 days per year20+ years .1269 33 days per yearThe maximum accrual is 400 hours, and at certain times, you will be able to cashin any unused PTO above 40 hours.All 80-hour Associates must use at least 120 hours (prorated for all other Associates)during the calendar year. If the Associate does not use the required hours,then the Associate must cash in the balance of required usage. (This requirementhas been waived for 2006)Full-time and part-time Associates also accumulate paid time off for an extendedillness through the Extended Illness Bank (EIB) program. The maximum EIBaccrual is 520 hours. EIB is for Associate illness only.EIB Accrual ScheduleFull-time and EIB Accrual Rate Maximum EIBPart-time Service (Factor per paid hour) (8 hour day)Less than 4 years .0193 5 days per year5+ years .0270 7 days per yearEIB may be used after 32 consecutive hours of PTO (4 eight-hour days) or may beused on the first day of inpatient hospitalization, surgery or approved workerscompensation injury.For additional information regarding PTO and EIB, please refer to Policy 300-409on the intranet under Human Resources Department.17