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Benefits

MWEC - Benefit Summary

In order to be eligible for MWEC benefits you must work a minimum of 1000 hours in a one year period.

Benefits that you may immediately participate in:

  • MWEC Blue Cross-Blue Shield health, dental and vision plans.
  • Vacation accrual
  • Sick day accrual
  • Life insurance
  • Disability insurance

Benefits that you are eligible for with the first paycheck after your 1 year anniversary.

  • Participation in our 401K program
  • Participation in our NRECA Retirement and Security Program (pension) program
  • The eligibility date is one year from your official starting date.

 

Benefit Summary

 

401k

  • This benefit starts with the first paycheck after your 1 year anniversary.
  • MWEC pays a 2% base contribution to your 401k regardless if you contribute or not. 
  • MWEC will match up to a 2% contribution by an employee to their 401k.

 

R&S

  • This benefit starts with the first paycheck after your 1 year anniversary.
  • MWEC pays 100% of the premium for the NRECA Retirement and Security Program.
  • Employee is eligible for full retirement benefits after 31 years of employment or age 62 whichever comes first.
  • Retirement Calculation is as follows:
    • (Average salary from highest 5 years out of your last 10 years of employment) X (years of employment) X (retirement factor which is .01) = Yearly Retirement Benefit

 

Blue Cross/Blue Shield

  • This benefit starts immediately.
  • MWEC offers the Blue Cross/Blue Shield Select Choice 100 Plan.
  • Includes Medical, Dental and Vision plans.
  • MWEC pays 2 - $100 deductibles for medical insurance for any family member or combination.
  • MWEC pays 2 - $50 deductibles for dental insurance for any family member or combination.
  • MWEC pays 90% of the premium, employee responsible for 10%. 

 

Life Insurance                                                            

  • This benefit starts immediately.
  • MWEC pays premium on Life Insurance policy valued at 3 times the employee’s annual salary.
  • Employee can purchase additional Life Insurance through NRECA up to 5 times their annual salary.
  • MWEC pays half the premium on a $25,000 policy for the employee’s spouse.
  • MWEC pays half the premium on a $10,000 policy for all employee children.
  • MWEC pays full premium on a 1 X salary Accidental Death and Dismemberment policy.                                                   

 

Disability Insurance

  • This benefit starts immediately.
  • MWEC pays full premium on Short Term Disability which starts after 1 week of illness and goes to 13 weeks.  Pay is up to $300 per week.
  • MWEC pays half the premium on Long Term Disability which starts after 13 weeks, pays 2/3 of employee’s salary.                                                                                                                                            

 

Vacation Pay

  • This benefit starts immediately.
  • MWEC offers paid vacation; employees may accumulate up to twice the annual accrual before it is forfeited.
  • Vacation is accrued as follows:

 

0 – 5 years

1 day per month up to 12 days annually

6  - 10 years

1.25 days per month up to 15 days annually

11- 15 years

1.5 days per month up to 18 days annually

16 years +

1.75 days per month up to 21 days annually

                                                                                                                                           

Sick Pay

  • This benefit starts immediately.
  • MWEC offers paid sick leave. 
  • Leave is accumulated at 8 hours per month up to a maximum of 1,440 hours.

 

Holiday Pay

  • This benefit starts immediately.
  • MWEC has the following paid holidays:

 

New Years Day

Veterans Day

Good Friday

Thanksgiving Day

Memorial Day

Christmas Day

Independence Day

Employees Birthday

Labor Day

1 Floating Holiday

 

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