Page 20 - Parsons and Parsons Corp ODD EE Guide 1 1 17_FINAL 11.1.16
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Benefits For Your Peace of Mind






         COMMUTER BENEFITS

         WageWorks | Commuter Benefit Plan
         The  Commuter  Benefit  Plan allows  you  to  set  aside  a  portion  of  your  paycheck  to  pay  for  your  eligible  transit  and/or  parking
         expenses. This money is deducted from your pay before taxes are deducted, which can save you between 30% and 40% off the
         expense. For transit, you can choose to have your monthly pass or tickets mailed to your home or have funds added to your local
         transit smartcard or the WageWorks transit debit card. For parking, you can choose Pay My Provider to schedule monthly direct
         payments to your provider. Or, if your expenses vary from month to month or the provider only accepts cash, you may set up a Pay
         Me Back claim for quick reimbursement.   Visit www.wageworks.com or call (877) 924-3967 to enroll in the program.

         DISABILITY INSURANCE


         Unum | Short Term Disability
         This is a company-paid benefit - Enrollment is not required
         Parsons offers you Short Term Disability (STD) to provide income replacement if you become disabled due to accident, sickness or
         pregnancy, through Unum. If you experience a temporary disability, benefits begin 8 days after the start of your disability and will
         continue up to a maximum of 180 days. STD works with state disability programs, Social Security, and any other group disability
         coverage, to provide you with a combined monthly benefit equal to 60% of your pre-disability earnings up to a maximum benefit of
         $1,846 per week. Basic salary excludes overtime compensation, assignment or shift premiums, bonuses, and other additives to
         base salary.

         Unum | Long Term Disability

         This is a voluntary benefit - Enrollment is required
         Parsons offers you the opportunity to purchase Voluntary Long Term Disability (LTD)  income replacement at discounted group
         rates, through Unum. If you become totally and permanently disabled, benefits begin 180 days after the start of your illness or
         injury and will continue as long as you remain disabled up to Social Security Normal Retirement Age. LTD works with state disability
         programs, Social Security, and any other group disability coverage, to provide you with a combined monthly benefit equal to 60%
         of  your  pre-disability  earnings  up  to  a  maximum  benefit  of  $8,000  per  month.  Basic  salary  excludes  overtime  compensation,
         assignment or shift premiums, bonuses, and other additives to base salary. Refer to bswift for detailed plans available.

         LIFE AND AD&D INSURANCE

         MetLife | Basic Life
         This is a company-paid benefit - Enrollment is not required
         Life insurance protects your family or other beneficiaries in the event of your death while you are still actively employed with the
         company.  Parsons  pays  for  coverage,  offered  through  MetLife,  in  an  amount  equal  to  100%  of  your  annual  base  salary  to  a
         maximum benefit of $250,000. Basic salary excludes overtime compensation, assignment or shift premiums, bonuses, and other
         additives to base salary. Benefits are reduced at age 70 and beyond. An accelerated benefit option will pay up to 50% of the face
         amount of the insurance up to specified maximums if you are diagnosed as terminally ill with less than 6 months to live. Benefits
         paid in advance of death may be considered taxable as ordinary income.  The IRS requires that the value of your company paid life
         insurance in excess of $50,000 is treated as taxable income.  This is called Imputed Income and will be shown on your paystubs and
         reported on your form W2.

         Cigna | Business Travel Accident
         This is a company-paid benefit - Enrollment is not required
         Parsons provides additional Life & Accidental Death & Dismemberment benefit for you while you are traveling worldwide on behalf
         of the company.

         If traveling on employer-authorized trip, you are protected by this program which pays the following benefits:
         •   Employee: 3 times your basic annual salary rounded up to the next highest $1,000 to a maximum benefit of $600,000
         •   Spouse or Domestic Partner (if approved to accompany eligible employees on company business): 50% of the employee
            amount up to a maximum benefit of $150,000


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