Design Your Benefits For Salaried Positions
As part of an employee's compensation package, LTV Steel offers a number of benefit plans under the Design Your Benefits program. This comprehensive package provides financial assistance for your health, income, and retirement needs with coverage available to your family members as well. The package includes benefit plans such as educational assistance, a 401K plan and others.
Because different employees have different needs which can change over time, the package has built-in flexibility. In other words, you can design a benefit package to meet your personal needs.
In addition, LTV gives you supplemental salary, or extra pay, to spend on the benefits that mean the most to you. Some benefits are fully paid by LTV, while for others, you and LTV share the cost. There are also tax advantages available in some areas.
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Benefit Options
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 If
you need health care... |
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| Medical | Most of cost | |
| Dental | Group rates | |
| Vision | Group rates | |
| Health Care Benefit Bank | Tax savings opportunities | |
| If
you have dependents... |
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| Health Care Coverage | Most of cost | |
| Dependent Care Benefit Bank | Tax savings opportunities | |
| Term Life | Dependent coverage group rates | |
| Accidental Death and Dismemberment | Dependent coverage group rates | |
| To
help you save... |
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| Capital Accumulation Plan (401K) | Matching
contributions (2.25% on 4%) Tax savings opportunities |
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| If
you become disabled... |
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| Short-term Disability | Base coverage and supplemental salary for optional coverage | |
| Long-term Disability | Base coverage and supplemental salary for optional coverage | |
| Worker's Compensation | 100% of cost | |
| For
protection in the event of death or accident... |
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| Term Life | Supplemental salary for 2x base salary (3x if over 15 years); group rates | |
| Group Universal Life | Group rates | |
| Accidental Death and Dismemberment | Group rates | |
| Business Travel Accident | 100% of cost | |
| If
you need other insurance protection... |
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| Long-term Care | Group rates | |
| Personal Insurance | Group rates | |
| For
time away from work... |
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| Vacation | 100% of cost | |
| Holiday | 100% of cost | |
| When
you have a service anniversary... |
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| 25-year service recognition | Extra 2% of pay each year | |
| 10, 20, 30, 40 Years of Service | Gift item of your choice | |
| To
further your education... |
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| Educational Assistance | 75-100% of cost | |
| When
you retire... |
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| Retirement Plan | 100% of cost | |
| Retiree Medical | Variable company contribution, if eligible | |
| Retiree Life Insurance | $5000 coverage, if eligible | |
| Social Security | Contributions on your behalf | |
| Hourly
benefits differ in some areas |
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