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Benefits
Monterey One Water is an equal opportunity employer committed to diversity in our hiring practices and the workplace. Our employees are a diverse group of professionals who enjoy a fast-paced work environment, competitive salaries and benefits, and advancement opportunities.
Details
The following are part of Monterey One Water’s comprehensive Employee Benefits Package. The Agency covers 100% of the employee premium.
Health Care Coverage
Anthem Blue Cross
Employees can choose to add eligible dependents to their Health Care Coverage. A substantial portion of the dependent contribution will be paid for by the Agency though the employee is responsible for a portion.
Dental and Vision Care Coverage
MetLife
Employees can choose to add eligible dependents to their Dental and Vision Care Coverage. A substantial portion of the dependent contribution will be paid for by the Agency though the employee is responsible for a portion.
Life & Accidental Death & Dismemberment (AD&D) Insurance
MetLife
If you have loved ones who depend on your income for support, having life and accidental death insurance can help protect your family’s financial security.
Coverage: 1 times the employee’s annual salary plus $15,000, a maximum of $265,000
Short-Term and Long-Term Disability Insurance
MetLife
If you become disabled and cannot work, your financial security may be at risk. Protecting your income stream can provide you and your family with peace of mind.
Details
Defined Benefit Pension
Monterey One Water is a member of the California Public Employees’ Retirement System (CalPERS). In compliance with legal requirements, the Agency maintains three defined benefit plans.
Employee pays 100% of the employee portion
Tier 1: Employees hired prior to May 13, 2012 (only available for current Monterey One Water employees)
Formula: 3% at 60
Final Average Compensation Period: Highest 12 consecutive months
Tier 2: Employees hired prior to May 13, 2012
Formula: 2% at 55
Final Average Compensation Period: Highest 36 consecutive months
Tier 3: New employees hired on or after January 1, 2013
Formula: 2% at 62
Final Average Compensation Period: Highest 36 consecutive months
Details
Vacation
Six month waiting period, accrual every pay period. 440 hours is the max accrual.
| Length of Service | Vacation Hours (Per Year) |
|---|---|
| 1 to 3 Years | 80 |
| 3 to 8 Years | 120 |
| 8 to 15 Years | 160 |
| 15 to 20 Years | 176 |
| 20 to 30 Years | 200 |
| 31 Years or More | 4 Additional Hours Per Year of Service |
Holidays
13 paid holidays per year plus 1 floating holiday per year.
Sick Leave
Employees are granted 96 hours of sick leave, accrued per pay period. There is no limit to the amount of sick leave an employee may accrue due to the Public Employees Retirement System (PERS) sick leave conversion credit accumulation.
Bereavement Leave
Up to five days per incident. Employees can use sick, vacation, or compensatory time.
Military Leave
Temporary military leaves of absence will be granted to engage in ordered military duty.
Details
Education Incentive
The employee will be reimbursed for books and tuition only and the employee will receive reimbursement of the course with a grade of "C" or higher. Reimbursement is limited to the following maximums:
- Community College - $1,000 per calendar year
- University/State School - $2,500 per calendar year
- Master’s Degree level - $3,500 per calendar year
There is a 6 month waiting period for this benefit
Employee Assistance Program
Not sure where to turn in a moment of crisis? The Agency offers an Employee Assistance Program (EAP) through Claremont EAP. From online information to confidential consultations with licensed behavioral health professionals, employees and qualifying members of their households have access to solution-focused resources. EAP provides confidential counseling and access to legal, financial, dependent care, and work/life resources. Best of all, it’s free for employees!
Optional Benefits
- AFLAC: Health insurance pays for doctors, hospitals, and prescriptions. AFLAC offers pre-tax benefit plans (accident, intensive care, critical care, etc.) that pay cash directly to you to help with daily expenses due to an illness or accident.
- Deferred Compensation Plan: Monterey One Water offers all employees the opportunity to save for retirement through a pre-taxed plan through Principal. You contribute to your individual account, no matching funds provided by the Agency.
- Flexible Spending Account: A Flexible Spending Account (FSA) is a great way to pay for medical, dental, or vision expenses as well as dependent care expenses on a tax free basis. This account allows you to redirect a portion of your salary on a pre-tax basis into reimbursement accounts. Money from these accounts is then used to pay eligible expenses that are not reimbursed by your health plans, as well as reimbursement for dependent care expenses. Participation is optional.