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Emerson
Process Management, Fisher Controls Division Employee Benefits
The following summary provides a brief overview of our benefit plans.
Health & Dental Care – Emerson
Process Management offers various types of protection against medical expenses and cost
assistance with other healthcare-related services. Our health care plan is comprised of
the following components:
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Medical Plan - You and your dependents are provided managed care benefits applicable to
the location of your employment. Besides coverage for hospitalization and medical care,
the plan includes provisions for hospice care, home healthcare, and skilled nursing
facility care.
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Prescription Drug Plan - Our health care plan provides prescription drug coverage for
outpatient drugs, both generic and brand name.
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Mental Health/Substance Abuse Plan - Through our Employee Assistance Program
(EAP), you
can coordinate care for mental health or substance abuse. The plan contains benefits for
both free counseling sessions and treatment programs.
Life Insurance - Various life insurance plans are available: Basic Term Life
Insurance, Basic Accidental Death & Dismemberment (AD&D) Insurance, and Travel
Insurance are free of charge. Optional Term Life Insurance (a supplemental program
available at group rates for the entire family) and Optional AD&D Insurance are
provided at favorable employee paid premiums.
Disability Income - Should you become
disabled, you will receive a percentage of monthly income, depending on your length of
service. Short-term and long-term disability coverage is provided.
Personal Insurance Coverage - You may
purchase group homeowners, renters, automobile, personal liability, long-term care, and
other insurance at group rates through Answer Financial.
Employee Savings Investment Plan
(ESIP) -
This plan allows you to contribute from 1% to 40% of your total compensation. For each
dollar you contribute (up to 7% of your compensation either before or after tax), the
company will match $.60. These matching funds are invested in parent company, Emerson, stock. Vesting in the company contribution
occurs at 20% per complete year of service (100% in five years). Various investment
options are available.
Pension Plan - Employees make no
contributions to the defined benefit pension plan and are fully vested after five years.
Emerson Stock Purchase Plan - This plan
allows you to become a part owner of Emerson. As an employee, you may buy shares of
Emerson Common Stock through payroll deduction.
Educational Assistance – Emerson
Process Management offers its full-time employees educational assistance in the following
ways:
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Tuition Reimbursement - Tuition and lab fee costs are reimbursed 100% upon successful
completion of undergraduate and/or graduate level courses taken on a voluntary basis.
Courses must be related to present assignment and career at Emerson Process Management,
and be
approved by management and Human Resources.
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Educational Leaves of Absence - Educational leaves of absence, which may be granted
after one year of service, allow the employee the opportunity to continue certain benefits
while pursuing an educational program.
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Additional Training - We support our employees' continuing education and will pay
expenses for approved seminars and classes that employees attend to further their
professional development.
Holidays and Vacation – Emerson
Process Management has generous holiday and vacation benefits.
Please note: This list of benefits is not intended to be comprehensive, nor is the
description of any benefit intended to be complete. Additional qualifications and
provisions may apply. These benefits are subject to change with or without notice. For
more information on Emerson Process Management benefit plans, contact our Human Resources
Department.
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