Benefits and Paid Time Off
Your employee benefits coverage will not change during your furlough period. Your benefits will continue according to your elections on file. Premium contributions for health & welfare benefits will continue to be deducted from your biweekly paycheck. Pay-related benefits, such as Pension Plan and Investment Plan Contributions, will be reduced as a result of the reduced work schedule.
Because you have experienced a significant change in your regular work hours, you qualify to make changes to your benefit elections. To make a change, please send a message through “Contact Us” on My Total Rewards or by calling the ABC Co Benefits Network at 800-123-4567. You have 90 days from the date of your furlough to make a change.
Here’s a brief look at your benefits. This benefits fact sheet describes the status of your benefits while you are on furlough. If you need further assistance understanding your benefits coverage during your furlough period, contact the ABC Co Benefits Network at 800-123-4567 or Ayco at 888-123-4567 for financial counseling services.
Benefits While on Furlough for Exempt and Nonexempt Salaried Employees
The chart below describes the status of your benefits while you are on furlough. If you need further assistance understanding your benefits coverage during your furlough period, contact the ABC Co Benefits Network at 800-123-4567.
Benefit
Coverage
Medical Insurance (including Vision), Dental Insurance
- Your medical, vision, and dental coverage will continue according to your elections on file.
- Premium contributions will continue to be deducted from your biweekly paycheck.
- The Tobacco Surcharge will apply based on your certification status.
Basic Life Insurance, Employee Group Universal Life (GUL), Spouse and/or Dependent Child GUL, Voluntary AD&D
- All life insurance and AD&D coverage amounts will remain at the level before your pay was reduced.
- Contributions for any Employee Group Universal Life (GUL) and Voluntary AD&D, including any coverage options for your spouse and/or children will continue to be taken from your paycheck.
Business Travel Accident Insurance
- Coverage continues.
Health Savings Account (HSA)
- HSA contributions will continue to be deducted from your paycheck.
Health Care Flexible Spending Account (FSA)
- Health Care FSA contributions will continue to be deducted from your paycheck.
Dependent Care Flexible Spending Account (FSA)
- Dependent Care FSA contributions will continue to be deducted from your paycheck.
Disability Benefits (if eligible)
- Coverage for Short-term Disability and Basic and Optional Long-term Disability continues.
- Contributions for Optional LTD will continue to be deducted from your paycheck.
Investment Plan
- Investment Plan contributions continue.
- The percentage contribution remains the same as you elected, and is applied to the gross eligible pay you receive in your paycheck.
- CARES Act Grace Period for Loan Repayments due in 2020: You may request to suspend your loan repayments due for the remainder of 2020. You must certify that the reason for your request is due to the COVID-19 crisis. Please call the Corning Benefits Network for more details.
Pension Plan (if eligible)
- Cash Balance Pension Plan benefits continue to accrue. The monthly pay credits will be based on the eligible gross pay you receive in your paychecks. Monthly interest credits will continue unchanged based on the account value.
- For employees who continue to participate in the legacy Career Average Pension Plan, benefits continue to accrue based on your eligible pay.
- 2% voluntary pension contributions for the Career Average Pension Plan will continue to be deducted from your pay based on the gross eligible pay you receive during that pay period.
Group Legal Services
- Coverage continues according to your elections on file.
- Contributions will continue to be deducted from your paycheck.
- Note: MetLife Legal Services is offering free document review and consultation services through July 31, 2020. You do not have to be enrolled in Group Legal to take advantage of this special service.
Critical Illness Benefit
- Coverage continues according to your elections on file.
- Contributions will continue to be deducted from your paycheck.
Accident Insurance
- Coverage continues according to your elections on file.
- Contributions will continue to be deducted from your paycheck.
Live and Work Well (EAP and Work/Life services)
- Coverage continues.
Consumer Medical
- Coverage continues.
Financial Counseling Services (Ayco)
- Coverage continues.
- Ayco financial coaches can help you in making decisions such as managing debt and cash flow and navigating your finances during these challenging times.
Important Notes
Payroll Deductions — If your paycheck does not cover your current deductions, your share of the costs will build in arrears and will be deducted from your paychecks (when you return to full-time work), or from other compensation such as GoalSharing or vacation payments.
Qualified Status Changes — Because you have experienced a significant change in your regular work hours, you may make changes to your benefit elections. To make a change, please send a message through “Contact Us” on My Total Rewards or by calling the ABC Co Benefits Network.
You have 90 days from the date of a qualifying status change to make an election change. Your election change must correspond to the event that caused the status change. For example, the significant change in your regular work hours means that you may adjust any FSA contributions that you make. You may also reduce or drop optional coverages – for example, you could reduce or drop Voluntary AD&D or GUL coverage for yourself or your dependents.
Important Contact Information
ABC Co Benefits Network (Conduent) 800-858-1234 (+1 201-363-1234 outside the U.S.)
My Total Rewards www.abcco.com/mytotalrewards
ABC Co Benefits Directory www.abcco.com/MTRContacts
Financial Counseling Services (Ayco) 888-741-1234 Use the single sign-on link on My Total Rewards or go to http://www.ayco.com/login/corning
Employee Assistance Program (EAP) (Optum) 877-683-1234 www.liveandworkwell.com
True Blue http://trueblue.abcco.com
ABC Co Payroll Services 800-248-1234 payrolladm@corning.com
HSA Administrator (BenefitWallet) 855-236-2400 www.mybenefitwallet.com
Group Legal Services (MetLife Legal Plans) 800-821-6400 https://info.legalplans.com/9900152/sponsor
Life and Accident Insurance (MetLife) 800-GET-MET8 (800-438-6388)
In response to the current COVID-19 crisis, we have made several enhancements to our benefit programs. Click each link for more information.
Paid Time Off (Vacation, Holiday, and Personal Time Paid for A&Ts)
Vacation will not be impacted while you are on furlough as a result of the New York Shared Work Program. For example, if you have 15 vacation days in 2020, that number will remain the same. Unused vacation time for nonexempt employees will follow the normal year-end payout process.
If you use vacation days while on furlough, the number of days you actually use depends on the number of worked days you have in that furlough week. So this could be either 2, 3 or 4 days for the “full week” off. Pay is still reduced, and you should still file for unemployment compensation for the furloughed day(s) under the Shared Work Program. Note that each paid vacation day does count as a “work day” in the eyes of unemployment and must be included in the number of days worked for reporting purposes. For workweeks with a holiday, A&T employees will want to adjust their furlough schedule for the week to include the holiday as part of “days worked.” For example, the Independence Day holiday is observed on Friday, July 3. If your normal furlough schedule is Monday through Thursday, you will want to change your schedule for that week to Tuesday through Friday so it includes the paid holiday time off.
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