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Benefits

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COMPENSATION-RELATED BENEFITS
  • Raytheon BBN Incentive Program
    • Raytheon BBN offers a short-term cash incentive program to its regular full-time and part-time employees. The target pay-out varies according to billability goals and BBN/business unit/individual performance. Employees who are responsible for capturing new work can receive a business development award, which is paid on a quarterly basis.
  • 401(k) Savings Plan
    • Raytheon BBN offers a traditional pre-tax 401(k) Plan and a post-tax Roth 401(k) Plan through Fidelity Investments. Employees are eligible to participate in the 401(k) in their first month of employment. The 401(k) can be used to defer a portion of your salary into a retirement plan on a pre- or post-tax basis through payroll deductions. Raytheon BBN adds to the employee savings by providing a company contribution. Matching contributions are vested immediately at 100%.
  • BBN Retirement Contribution
    • Raytheon BBN provides an additional retirement contribution to employee 401(k) accounts. The contribution is vested 100% immediately.
HEALTH AND WELFARE
  • Medical and Dental Insurance
    • Raytheon BBN shares the cost of comprehensive medical and dental coverage with employees, their spouses or partners, and dependents on a pre-tax basis. Benefits are provided by leading health care providers including Blue Cross/Blue Shield, Kaiser Permanente and Delta Dental. Vision care and prescription programs are included in the medical plans.
      • -Exclusive Provider Organization Network – BC/BS
      • -90/70 Preferred Provider Organization – BC/BS
      • -High Deductible Plan w/ Health Savings Account – BC/BS
      • -Health Maintenance Organization – Kaiser Permanente (for VA, MD, DC employees)
  • Flexible Spending Accounts
    • Employees may elect to set aside pre-tax dollars to cover certain medical and dependent care expenses in a Flexible Spending Account. Raytheon BBN offers three FSAs, the Dependent Care Spending Account for dependent care expenses,the Health Care Spending Account, for eligible medical, dental, vision and medication expenses and the Limited Health Spending Account for subscribers to the High Deductible Plan w/ HSA.
  • Employee Assistance Program
    • Raytheon BBN provides employees and their families with free access to an Employee Assistance Program, a confidential counseling and referral service.
  • Wellness/Fitness Programs
    • Raytheon BBN offers Wellness and Fitness programs on-site at the Cambridge, MA location. Employees can take advantage of health promotion programs, individualized exercise instruction, and group exercise classes. Employees at other office locations are eligible for discounts on memberships to local fitness centers.
PAID TIME OFF
  • Vacation
    • Raytheon BBN provides employees with 15 days of paid vacation after two months of service, accrued on a weekly basis in proportion to the time worked during the calendar year. Paid vacation increases to 20 days after five years of service, 25 days after 15 years of service and 30 days after 25 years of service.
  • Holidays
    • In 2009, Raytheon BBN observes the following 10 holidays:
      New Year’s Day, Day-After New Year’s Day, President’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving, Day after Thanksgiving, Day Before Christmas, and Christmas.
LIFE INSURANCE AND INCOME PROTECTION
  • Basic Life Insurance
    • Raytheon BBN provides Basic Life Insurance and AD&D Insurance through the Hartford no cost to the employee. Employees may purchase additional supplemental life and AD&D insurance coverage.
  • Short Term Disability
    • At no cost to the employee, Raytheon BBN provides a short term disability plan in the event of an extended absence due to illness or injury.
  • Long Term Disability
    • Employees may purchase long term disability coverage. This plan protects against loss of income by an employee who becomes totally disabled beyond the short term disability coverage period.
PROFESSIONAL DEVELOPMENT
  • Professional Development Programs
    • Employees are eligible for a minimum of two days of training per year. Raytheon BBN provides in-house professional development programs focusing on Mentoring, Growing Great People Managers, Customer Relationship Training, Principal Investigator Development, Program Management Development, Leadership, individualized coaching, and general professional development. Additional resources include books, articles, audiotapes, and videos on professional topics.
  • Science Development Program
    • Established in 1975, the Science Development Program supports career advancement for technical staff by sponsoring activities aimed at developing and enhancing the staff"s capabilities and facilitating new areas of research. The SDP sponsors a number of technical seminar series, gives financial awards for publications and patents and provides partial financial support for professional activities.
  • Tuition Reimbursement
    • Raytheon BBN reimburses employees 100% up front for the costs of approved, mandatory education tuition, and fees. Textbooks are reimbursed after successful (C or better) completion of course.
  • BBN Library
    • The Raytheon BBN Library is an internal resource available to all BBN employees, providing a wide variety of information and research services including: a physical collection with 15,000 volumes and 300+ journals; desktop delivery of full-text and abstract databases; and an internal repository of company information. The Library staff research business, company, government, patent, and technical information.
WORK/LIFE BALANCE
  • Flexible Work Environment:
    • To address the challenges of commuting and individual constraints, BBN provides its employees with a flexible work environment. Employees can work with their managers to establish mutually agreed upon work schedules.
  • Employee Discount Programs
    • -Commuter Assistance
        Available at various locations. Raytheon BBN will subsidize public transportation costs.
    • -Group Auto and Home Owners Insurance
        Available at discounted rates through Liberty Mutual Insurance.
    • -Mass Buying Power
        Discounts on cars, appliances, and other home items.
    • -Working Advantage
        Offers discounted movie, theatre, and sporting event tickets, as well as museum passes and other gift items.
    • -Long Term Care Insurance
        Available at discounted rates.

* This list is not all–inclusive and is not any guarantee of benefit or employment. Benefits can change at any time and employees must meet all eligibility requirements to qualify for benefits. In any dispute the plan documents will govern.