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Employee Benefits (U.S. Only) Dresser-Rand offers a comprehensive employee benefits program
as part of the company’s total compensation package. We also
offer optional benefits to help meet your unique personal and
family needs. We are committed to providing you with a
foundation of income protection in the event of death or
disability and for expenses associated with catastrophic illness
or injury.
Healthcare
- Medical
- Prescription drugs
- Health savings account
- Flexible spending accounts (including dependent care)
- Comprehensive wellness program
- Dental
- Vision
- Employee assistance program
Life and Income Protection
- Life insurance
- Accidental death and dismemberment (AD&D) insurance
- Dependent life and AD&D insurance
- Short-term and long-term disability programs
Retirement
Company-sponsored retirement benefits are offered to
employees. These programs may vary based on business area.
Employees may need to satisfy certain service requirements to
become participants and receive vesting credit in these plans.
You can defer up to 50 percent of your eligible compensation
toward your retirement, subject to IRS limits, into a qualified
Retirement Savings or 401(k) Plan. There are currently 12 Core
and 11 Target Retirement Investment Fund options in which you
can choose to invest your retirement savings.
Company contributions of up to seven percent of eligible
compensation are also available to eligible employee groups.
Time Away from Work
Eligible employees earn comprehensive leave each pay period.
Comprehensive leave provides paid time off for vacation,
personal business, and short-term illness. Accrual rates vary,
based upon years of service with the company. Most Dresser-Rand
employees are eligible for ten holidays during the year.
Education
- Tuition reimbursement
- Continuing education
- Professional opportunities
Dresser-Rand believes that
knowledgeable and talented employees are critical to our success
and future growth. All full-time employees are eligible for
tuition reimbursement to encourage self-development through
academic learning. We encourage employees to continue gaining
knowledge and building skills to improve career development and
personal growth.
IMPORTANT NOTICE:
This summary is an overview. The terms and
conditions of the benefits described are determined solely by
the related Summary Plan Descriptions (SPDs) or plan documents
and Summaries of Material Modifications (SMMs) thereof. In the
event of any inconsistent provisions, the language of the plan
documents applies. As in the past, the company reserves to
itself, pursuant to its sole and exclusive discretion, the right
to change, amend or terminate this plan according to the terms
of the applicable plan documents and subject to any collective
bargaining agreements. Benefits described herein may not
automatically apply to employees at all locations or employees
covered under collective bargaining unit or implemented offer.
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