Page 28 - 2015 ASARCO Enrollment Guide

2015 Beneit Guide

Paid Time Off
and Holidays Paid Time Off (PTO) Policy

Paid Time Off (PTO) hours are accrued per pay period on a calendar

year basis beginning on January 1. For new hires, PTO hours are
accrued from the date of hire on a calendar year basis. Accruals are
based on hours worked per pay period and are calculated utilizing a rate
table for years of service.

Current Years of Consecutive Accrual Max PTO Max Max
year end
Service per hour per pay annual carryover
PTO
period
Less than 5 years 0.0577 5.00 120 60 hours
(up to 48 months) hours hours hours
5 years but less than 15 years 0.0769 6.67 160 80 hours
(49 months to 168 months) hours hours hours
15 yrs but less than 25 0.0962 8.33 200 100 hours
(169 months/288 months) hours hours hours
25 + years (289 months) 0.1150 10.00 240 120 hours
hours hours hours

Holidays

ASARCO employees receive Holiday pay for all Company designated
holidays and one loating holiday, which may be designated by the
employee. Designated holidays for each year are posted on the
ASARCO intranet and may include:

X New Year’s Day X Thanksgiving Day
X President’s Day X Day after Thanksgiving

X Friday before Easter X Christmas Eve

X Memorial Day X Christmas Day
X Independence Day X New Year’s Eve

X Labor Day

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