As part of the total compensation at Tribune Company, the company offers employees a comprehensive and competitive benefit package.
Basic coverage includes healthcare for employees and their families, income security for disability, life insurance, time-off to assist in balancing professional and personal needs and retirement and savings plans to help employees build their financial futures.
Health Care
Medical
Employees have the option to choose from among several types of medical plans which, depending on work location, may include a Preferred Provider Organization or PPO plan, a national HMO plan, or local HMO plans. The plans provide a high level of coverage for most types of medical services including hospitalization, outpatient services, emergencies and preventive care.
Dental
Employees can select a traditional dental plan where they can go to any dentist for treatment or a managed dental plan where they must see a network dentist. Both plans offer varying levels of coverage for preventive, basic, major services and orthodontia.
Vision
Employees have the option to elect a comprehensive vision service plan at the employee only level for comprehensive vision care including, but not limited to eye examinations and glasses or contact lenses.
Retirement and Savings Plans
Tribune believes that employees and shareholders have long-term goals and interests that can best be realized through increased employee ownership in the company. Tribune's retirement and savings plans include a combination of stock ownership as well as a 401(k) plan to help employees secure their financial future. Vacation and Holidays Holidays: Employees receive 10 paid holidays per year, some of which are fixed and others that are floating holidays to meet personal needs.
Vacation and Holidays
Vacation
Employees can receive up to a week of vacation (depending on the month of hire) during the calendar year of hire. Employees will receive two weeks of vacation at the beginning of the calendar year following their hire date. After four years of employment, employees are eligible for three weeks of vacation and after 10 years, employees are eligible for four weeks of vacation.
Holidays
Employees receive 10 paid holidays per year, some of which are fixed and others that are floating holidays to meet personal needs.
Disability Benefits
The Tribune benefits program provides employees who are away from work due to sickness or disability with all or a portion of their base salary.
Paid Sick Days
Employees receive a maximum of five paid sick days each year for use in connection with their own illness or that of a child, spouse, or parent. The benefit is prorated for new employees during their first year with the company.
Short-Term Disability
This program provides employees who have a medically certified short-term disability with a portion of their base salary. Employees are eligible for this benefit after six months with the company.
Long-Term Disability
This plan is designed to continue part of base salary if an employee's medically certified disability extends more than six months. Employees may purchase this coverage at for the first six months of employment. After six months of employment, some coverage is provided to employees at no cost, with a buy-up portion also available for purchase by the employee.
Life and Accident Benefits
The Tribune benefit package offers a number of life and accident insurance plans to help protect employees and beneficiaries. Coverage is also available for family members. Tribune provides basic employee life insurance equal to one times base annual salary plus commissions and business travel accident insurance at no cost to employees. In addition, employees have the option of purchasing the following additional coverages:
Supplemental Employee Life Insurance
Employee Accidental Death and Dismemberment
Spouse/Domestic Partner Life Insurance
Spouse/Domestic Partner Accidental Death and Dismemberment
Dependent Children Life Insurance
Dependent Children Accidental Death and Dismemberment
Continuing Education/Tuition Reimbursement
The tuition reimbursement program repays employees a percentage of the cost of tuition and related expenses when college coursework is successfully completed from an accredited institution. The course or degree program pursued must be approved and should enable employees to more effectively meet the current and/or future challenges associated with their position. This benefit may vary by location.
Employee Assistance Program
Sometimes the hardest part of facing life's challenges is knowing where to turn for help. Tribune offers an Employee Assistance Program (EAP) to help employees address this need. The EAP is a confidential program, fully paid for by Tribune.
Group Legal Plan
Employees may elect coverage under Tribune's Group Legal Services Plan, which pays for part or all of the cost of certain legal services, including a legal hotline, preparation of deeds, mortgages, leases and simple wills.
Reimbursement Accounts
Employees may reduce their taxable income by contributing to Tribune's health care and/or dependent care accounts. Employees may defer, on a pre-tax basis, up to $5,000 a year to pay for eligible dependent care expenses or $5,000 for eligible health care expenses. Amounts available are prorated during the first year of employment.
Matching Gifts Program
Employees' support of non-profit organizations can be enhanced through the company's matching gifts program. Eligibility for and availability of this program varies by location.
The foregoing is intended as a general summary of Tribune Company Employee Benefit Programs. The actual operation of the plans is governed by written plan documents. If there is any conflict between this summary and the terms of the actual plans, the terms of the written plans will control.
