Benefits
Date Requested: Jun 27 2017 10:35 AM

 

Northern Natural's commitment to employees is demonstrated by providing opportunities for personal growth and development and through competitive compensation and benefits. In addition to market-based salary, the compensation package includes incentive programs to recognize and reward outstanding performance. The benefits program is designed to meet the diverse needs of employees and their families today as well as in the future. Following is a list of the current benefits Northern Natural Gas provides to employees.

Health and Welfare Benefits
Northern Natural Gas realizes how important it is for our employees to have choices to meet their unique needs. Northern offers a comprehensive, flexible benefits package available on the first day of employment. Northern pays the majority of the health care premiums; employees pay a portion of the cost, on a pre-tax basis.

Medical

Tax-advantaged health savings account (HSA) used in combination with a high-deductible consumer-directed health plan including prescription coverage
100 percent coverage for preventive services
No waiting periods or pre-existing condition limitations

Dental

Choice of two dental plans
100 percent coverage for check-ups and cleanings
Cavity repair, root canals and restoration coverage
Orthodontia (for dependent children)

Vision

Eye exam, lenses or contacts, and frames coverage

Employee Assistance Program

Professional and confidential counseling services
Legal, financial and family support including Internet services encompassing all of these areas

Flexible Spending Accounts

Limited purpose flexible spending account for up to $5,000 per year on a pretax basis to pay for dental and vision expenses not paid by insurance
Dependent care reimbursement account for up to $5,000 per year on a pre-tax basis to pay for day care expenses

Income Protection
Depending upon the circumstances regarding an illness or emergency, employees may qualify for the following benefits to assist financially.

Disability

Short-term and long-term disability coverage at no cost to the employee
Short-term disability of 75 percent of pay for up to six months
Long-term disability coverage of 60 percent of monthly salary. Option to purchase additional coverage at 66.7 percent of monthly salary

Life Insurance

Company-provided life insurance of one times the employee’s annual base salary
Supplemental life insurance in increments of one to four times annual base salary
Four levels of spouse life insurance (up to $120,000)
Three levels of dependent life insurance (up to $15,000)

Retirement and Financial Planning
Northern Natural Gas offers several vehicles to help employees plan for retirement. To support financial planning for the employee and his or her family, the benefits listed below are provided on the first day of employment.

Retirement Savings Plan – 401(k)

Automatic, immediate enrollment for fixed contribution of 4 percent of pay, fully paid by the company. Vests within three years from date of employment.

Automatic, immediate enrollment for fixed contribution of 4 percent of pay, fully paid by the company. Vests three years from date of employment
Employee contributions up to 75 percent of pay on a pretax or post-tax basis including Roth contributions
Company matches 65 percent of the first 6 percent of pay contributed pretax or Roth
A variety of investment funds as well as a self-directed investment option

Profit-Sharing Match

MidAmerican's performance determines the annual contribution to the 401(k) plan

Financial Planning

Personalized service to manage employees' retirement strategies

Leisure
Northern Natural Gas recognizes that employees work hard to support the company. In recognition of these efforts, there is no waiting period to receive paid time off and holiday benefits.

Paid Time Off

Paid time off hours accrue each pay period based on years of service
New employees receive two months of PTO accruals immediately, and additional PTO accrues each pay period after two months of employment
Flexibility to build a PTO bank and use for personal situations

Holidays

Eight fixed holidays
Two floating holidays

Career Development
Northern Natural Gas employees are from a variety of backgrounds and are interested in opportunities for continuous learning. Northern recognizes that desire and offers a variety of learning programs and career support to meet these needs. To show our support of continuous learning Northern offers tuition reimbursement after the first year of employment.

Tuition Reimbursement/Learning

Reimbursement of tuition and standard lab fees for coursework leading toward a business degree or course of study that relates to the business of MidAmerican (up to $5,250 per year)
MidAmerican Learning Systems offers a variety of learning opportunities in many different formats including instructor-led courses, mentoring, coaching, e-learning and training resources from an internal library

Internal Job Opportunities

Online job posting allows employees to apply for positions within the company

Other Programs and Policies
To support a variety of other needs not covered by traditional benefit plans, Northern Natural Gas offers the following programs and policies to meet employees' needs.

Adoption Assistance

Reimburses parents for eligible expenses up to a maximum of $5,000

Global Days of Service

Recognizes volunteers who give back to the community. An annual fund is divided among those qualified organizations to which employees donate their time.

Matching Gift

Matches donations made to charitable organizations and educational institutions

Service Awards

Employees receive service awards upon completion of five-year periods of service

Relocation Assistance

Subject to management's discretion, reimbursement may be available for company-allowed relocation expenses

Dress Guidelines

Our objective is to project a professional image while taking advantage of today's casual fashions for employees. Management at the department level determines the appropriateness of casual business attire, driven by customer interaction

This information highlights the Northern Natural Gas benefits program and policies. If there is any discrepancy between this information and a plan document, the plan document will govern in all cases. Northern Natural Gas reserves the right to add, delete, change, or revoke these benefits and policies at any time, with or without notice. These benefits and policies do not create a contract between Northern Natural Gas and any employee, nor do they create any entitlement.
 

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