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Benefits

Basin Electric and its subsidiaries offer a comprehensive and competitive benefits package to full time and partime employees:

401k plan

• Two options available: Traditional 401(k) and Roth 401(k)
• Basin Electric contributes/matches a percentage of employee contribution based on employment status
• A loan option is available

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Cancer care / intensive care plans

• Supplemental insurance for expenses incurred either due to cancer or extended stays in a hospital intensive care unit
• Different options available
• Premiums paid by employee through payroll deduction

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Dental insurance

• Two options of coverage available
• Coverage starts on the first of the month following three months of employment
• Premiums paid by Employer for Denta 50
• Employee pays difference in premium for Denta 150
• Part-time employee is eligible for a single Denta 50 dental plan
• Part-time employee pays difference in premium for other than a single Denta 50 plan

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Dependent life and accidental death & dismemberment (AD&D) insurance

• Coverage available for spouse and eligible dependent children.
• Coverage starts the first of the month following three months of employment
• Premiums paid by employee through payroll deduction

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Educational assistance

• Full-time employees who complete undergraduate or graduate course work at a local/regional accredited educational institution in an approved program may be reimbursed 50 percent of the cost of tuition, fees and texts, depending on the business relationship of the courses
• Part-time employees may be eligible for pro-rated reimbursement

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Employee Assistance Program

• Offers confidential help in areas of personal concern and difficulty
• Includes emotional crisis; individual, marital, and parenting concerns; financial and legal difficulties; chemical addiction evaluation; and work-related problems
• The Cooperative will provide up to eight appointments with an employee assistance counselor for each problem

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Flexible spending accounts

• Two separate accounts: Dependent Care Account and Health Care Account
• Dependent Care Accounts are used to pay for child care expenses while employee and spouse are working
• Health Care Accounts are used to pay out-of-pocket expenses such as deductibles, co-insurances, and other medical expenses not covered by insurance
• Contributions are pretax and begin the first of the month following date of employment
• Minimum pay period contribution of $5; maximum pay period contribution of $208

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Life and accidental death & dismemberment (AD&D) insurance

• Coverage determined by rounding up base annual salary to next thousand
• Coverage starts on the first of the month following three months of employment
  Employer provides 2X coverage
• Employee can purchase up to 3X additional coverage through payroll deduction
• Coverage maximum of $1,000,000 for life insurance
• Coverage maximum of $1,000,000 for AD&D insurance

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Long-term care

• Includes nursing home, assisted living, home care, respite care, bed reservation, alternate care, caregiver training, and equipment
• Different options available
• Premiums paid by employee through payroll deduction

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Long-term disability insurance

• 90-day waiting period
• Pays 60 percent of predisability salary or 70 percent of all sources of income
• Payment begins after 90 days of total disability
• Premiums paid by Employer

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Medical insurance

• Coverage starts the first day of employment
• Part-time employee is eligible for a single medical plan
• Part-time employee pays difference in premium for other than a single plan

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PC loan program

• Employees configure and purchase their own computer system and repay the loan per the terms of the loan agreement through payroll deduction.

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Retirement program

• Waiting period based on employment status
• Normal retirement is age 62
• Retirement benefits are calculated using a predefined benefit formula
• Premiums paid by Employer

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Vision insurance

• Coverage starts on the first of the month following the first day of employment
• Enrollment in plan is for a 24-month period
• Premiums paid by employee through payroll deduction

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Wellness program

Basin Electric and its subsidiaries promote a total lifestyle approach to employee wellness by providing blood screenings, flu shots, fitness facilities, and wellness and health education programs.

Basin Electric is an Equal Employment Opportunity Employer M/F/D/V