Page 11 - 2017 US Benefits Highlighter - for Legacy IGATE employees in the FS SBU
P. 11
Vacation Optional
➤ ➤ You may enroll in Optional Life insurance for yourself in 1, 2, 3,
➤ ➤ You will have more vacation days starting January 1, 2017.
Under the Capgemini vacation policy, you may roll over a portion 4 or 5 times your annual salary in $10,000 increments up to a
$750,000 maximum beneit. You may also elect coverage for
of your annual vacation allowance. Rollover days not used by
the following April 30th are forfeited. Refer to the 2017 Benefits your spouse and children.
Guide for the Capgemini Vacation Plan. Disability Benefits
➤ ➤ IGATE employees have been aligned to the FS Uniied Grade Short Term Disability (STD)
Structure. Click FS Unified Grade Structure to see the number Vacation Days for
Unified Grade
Your STD beneits will change from 66 2/3% of base salary for
➤
➤
of vacation days by grade. Structure Full-Time Employees
up to 90 days to a beneit based on your length of disability that
➤ ➤ If you have more than 15 vacation days remaining as of is payable for up to 60 days after a ive-day elimination period,
Vice President
22
December 31, 2016, under the IGATE Vacation Plan, you will as follows:
receive the annual payout of these vacation days in your last After a five-day elimination period: Your benefit is:
E1, E2
paycheck in December. Any remaining rollover days under the 20
IGATE Vacation Plan will be carried over to Capgemini and paid First two weeks 100% of base salary
D1, D2
in the February 15, 2017 pay cycle at your December 31, 2016 18
rate of pay. For the next two weeks 80% of base salary
Sick Days C1, C2 For the remainder up to a total of 60 days 60% of base salary
15
➤ ➤ Currently, you have four sick days a year. As of January 1, 2017, ➤ ➤
B1, B2
12
you will have a total of ive days for your own illness or to care After 60 days of STD, you are eligible for Long Term
Disability beneits.
for a family member who is ill.
A3, A4, A5 ➤ ➤ UNUM replaces UHC as the carrier for this beneit.
12
Life Insurance Long Term Disability (LTD)
Core ➤ ➤ Your Basic LTD beneits will continue to be 60% of base salary
➤ ➤ Your Core Life Insurance beneit will increase from one times but the monthly maximum beneit will increase from $10,000
salary (base plus bonus plus commission) up to a maximum to $12,000.
of $300,000 to one and one-half times salary (base only) up to ➤ ➤ You may begin LTD beneits after 60 days of STD.
$750,000 maximum beneit.
➤ ➤ If you are a Vice President, your LTD beneits are 60% of base
➤ ➤ UNUM is the carrier for the Life Insurance program, salary with a monthly maximum beneit increasing from $10,000
replacing UHC. to $20,000. Capgemini includes the cost of your employer-paid
coverage in your taxable income so the beneit paid to you is not
subject to income taxes.
➤ ➤ UNUM is the carrier for this beneit.
CAPGEMINI 2017 ENROLLMENT HIGHLIGHTS 3
➤ ➤ You may enroll in Optional Life insurance for yourself in 1, 2, 3,
➤ ➤ You will have more vacation days starting January 1, 2017.
Under the Capgemini vacation policy, you may roll over a portion 4 or 5 times your annual salary in $10,000 increments up to a
$750,000 maximum beneit. You may also elect coverage for
of your annual vacation allowance. Rollover days not used by
the following April 30th are forfeited. Refer to the 2017 Benefits your spouse and children.
Guide for the Capgemini Vacation Plan. Disability Benefits
➤ ➤ IGATE employees have been aligned to the FS Uniied Grade Short Term Disability (STD)
Structure. Click FS Unified Grade Structure to see the number Vacation Days for
Unified Grade
Your STD beneits will change from 66 2/3% of base salary for
➤
➤
of vacation days by grade. Structure Full-Time Employees
up to 90 days to a beneit based on your length of disability that
➤ ➤ If you have more than 15 vacation days remaining as of is payable for up to 60 days after a ive-day elimination period,
Vice President
22
December 31, 2016, under the IGATE Vacation Plan, you will as follows:
receive the annual payout of these vacation days in your last After a five-day elimination period: Your benefit is:
E1, E2
paycheck in December. Any remaining rollover days under the 20
IGATE Vacation Plan will be carried over to Capgemini and paid First two weeks 100% of base salary
D1, D2
in the February 15, 2017 pay cycle at your December 31, 2016 18
rate of pay. For the next two weeks 80% of base salary
Sick Days C1, C2 For the remainder up to a total of 60 days 60% of base salary
15
➤ ➤ Currently, you have four sick days a year. As of January 1, 2017, ➤ ➤
B1, B2
12
you will have a total of ive days for your own illness or to care After 60 days of STD, you are eligible for Long Term
Disability beneits.
for a family member who is ill.
A3, A4, A5 ➤ ➤ UNUM replaces UHC as the carrier for this beneit.
12
Life Insurance Long Term Disability (LTD)
Core ➤ ➤ Your Basic LTD beneits will continue to be 60% of base salary
➤ ➤ Your Core Life Insurance beneit will increase from one times but the monthly maximum beneit will increase from $10,000
salary (base plus bonus plus commission) up to a maximum to $12,000.
of $300,000 to one and one-half times salary (base only) up to ➤ ➤ You may begin LTD beneits after 60 days of STD.
$750,000 maximum beneit.
➤ ➤ If you are a Vice President, your LTD beneits are 60% of base
➤ ➤ UNUM is the carrier for the Life Insurance program, salary with a monthly maximum beneit increasing from $10,000
replacing UHC. to $20,000. Capgemini includes the cost of your employer-paid
coverage in your taxable income so the beneit paid to you is not
subject to income taxes.
➤ ➤ UNUM is the carrier for this beneit.
CAPGEMINI 2017 ENROLLMENT HIGHLIGHTS 3
