MEDICAL PLAN 

The medical plan provides you with a choice of two networks – HealthNet and United Healthcare. 

You are afforded two medical plans to choose from.  Each of the plans offers four levels of coverage.  The four levels are:

                 Employee only 
                 Employee plus spouse 
                 Employee plus child(ren) 
                 Family 

VISION SERVICE PLAN (VSP)

The Vision Service Plan (VSP) offer you opportunities to save money on vision care.  This plan is separate from your medical plan.  The following are the weekly cost:

                  Employee Only                                     $1.19
                  Employee plus spouse                           $2.39
                  Employee plus child(ren)                       $2.39
                  Family                                                  $3.40

DENTAL COVERAGE

Dental benefits provide coverage for preventative care services as well as fillings, dental surgery, endodontic, periodontal and orthodontic treatment at the following cost per week:

                 Employee only                                        $4.00
                 Employee plus spouse                             $6.00
                 Employee plus child(ren)                         $6.00
                 Family                                                    $7.00

VACATION

As a full-time salaried employee, you will accrue vacation allowance each month you are on the active payroll as follows:

           Accredited Service        Annual AllowanceEarned Rate of

           0 – 10 years                     10 days                  6.6 hours / month
           10 – 20 years                   15 days                  10 hours / month
           20+ years                         20 days                  13.3 hours / month

PAID HOLIDAYS
 

1.     New Year’s Day
2.     Good Friday
3.     Memorial Day
4.     Independence Day
5.     Labor Day
6.     Columbus Day
7.     Veteran’s Day
8.     Thanksgiving Day, and
9.     The Following Day
10.   Christmas Day

SICK LEAVE

Salaried employees are granted paid sick leave for personal illness or injury as follows:

       Accredited Services Annual Allowance

       0 – 2 years                      20 work days
       2 – 5 years                      50 work days
       5 – 10 years                    90 work days
       10+ years                        130 days

TECHNICAL – EDUCATION PROGRAM

This program is designed to provide professional growth opportunities and meet business needs.  This program is open to all qualified employees interested in pursuing technical degrees or technical courses.  Program highlights include:

• Employees may select a preferred provider or other accredited academic institution.
• Most classes will be conducted in the local Groton/New London area on branch campuses, on site at Electric Boat or through interactive video at Electric Boat.
• Reimbursement is based on a shared commitment between Electric Boat and the employee.  Depending on the grade, Electric Boat will reimburse up to 70% of tuition costs upon completion of the course.  Employees will be reimbursed the remaining allowable tuition costs over a three-year period after receiving their degree, provided they remain with the company during that time.

SAVINGS AND STOCK INVESTMENT PLAN

Employees can join the SSIP immediately through payroll deduction.  You will be able to contribute a portion of your pay in 1% increments.  General Dynamics will match up to 6% of 401(k) eligible pay that you contribute on either a before-tax and/or after-tax basis.  Your contributions will be matched $1 per $1 up to the first 4% of your pay and $0.50 per $1 you contribute up to the next 2% of your pay.  The plan also permits unmatched contributions of up to 50% of eligible pay subject to Internal Revenue Code.  Participating employees may choose to have their contribution invested in Bonds Index Fund, S & P 500 Index Fund, General Dynamics Stock Fund, Small Cap Index, Fixed Income, Large Cap Growth Fund, Large Cap Value Fund and Balanced Fund or a combination of the above investment options.  The Company’s contribution becomes vested immediately. 

RELOCATION ASSISTANCE

These allowances are available when used within 12 months of your hire date.  To help you make your move, Electric Boat has hired a relocation company, American International Relocation Solution (AIReS).  Once you and Human Resources has selected a start date, you will be contacted by an AIReS representative within 24 hours to go over your relocation package.   Electric Boat will pay the full reasonable cost of packing, moving and unpacking up to 14,000 pounds of household goods from anywhere within the continental United States plus up to 30 days storage, if required.  All goods must be picked up from one location and delivered to the new residence. Upon starting employment and prior to establishing a permanent residence, the company will provide lodging at a near by hotel, plus the standard meal allowance for up to 30 days for married employees or 15 days for single employees.  Electric Boat does not provide for closing costs or home buy-out for new employees.

OTHER BENEFITS AND SERVICES

• Flexible Spending Accounts (FSA):
• Life and Survivor Income Insurance
• Dependent Life Insurance
• Long Term Disability Coverage
• Military Leave
• Company Store and Safety Equipment
• Occupational Health Clinic
• United States Savings Bond Program
• Employee Assistance Program
• Internal Professional Development
• EB Athletic Club
• EB Management Club