RCA provides for or contributes to a number of benefit programs designed to ease the financial burden of its employees in time of accident, sickness, or advanced years. The benefits available vary according to length of employment, salary or wages, and other factors.
GROUP INSURANCE
RCA provides Group Life and Accident-Sickness Insurance for you as well as Hospital-Surgical Insurance for you and your dependents. The “RCA Employee Insurance Benefit Plan” booklet explains in detail the benefits available under this program.
RCA RETIREMENT PLAN
After three years’ service with RCA, you are eligible to join the RCA Retirement Plan.
Plan members build up their retirement income by making payments into the Plan each pay period based on their base wages or salaries. The Company also pays a substantial amount toward each employee’s retirement benefits. Benefits from the Plan provide you with a retirement income for life and normally begin at age 65.
The full details of the Plan are clearly explained in the booklet “You and the RCA Retirement Plan.”
FEDERAL AND STATE PROGRAMS
In cooperation with your State and Federal Governments RCA contributes to and provides for a number of programs for your benefit which are prescribed by law. Among these programs are:
Social Security which provides for an allowance to be paid to you at retirement age. It is important that you keep the Social Security Administration informed of any change in your name or place of employment.
Unemployment Compensation laws provide for benefits in the event you are unemployed. The amount of benefits depends upon your past earnings and the provisions of your state laws.
Workmen’s Compensation is carried by the Company on all employees. All injuries sustained at work must be reported to your immediate supervisor.