Overview of SEC Benefits
Supplemental Health Benefits Program
SEC Select is the SEC’s Supplemental Health Benefits Program (SHBP). It encompasses core dental/vision insurance (premiums fully paid by the SEC), Buy-Up plans (incremental premiums paid by employee), and short- and long-term disability insurance (premiums paid by employee).
This program provides employees and their eligible dependents with dental and vision insurance through MetLife, as well as Short-Term Disability (STD) and Long-Term Disability (LTD) through Long Term Care Partners.
Core Dental Plan
Calendar-Year Deductible: $25 individual, $50 family
Maximum Annual Benefit: $3,000 per person
Premium: Fully paid by SEC
For additional coverage, employees have the option to enroll in the Dental Buy-Up Plan. Employees pay the biweekly premium for the Buy-Up Plan:
- Employee - Only Coverage
- Employee + Spouse/Domestic Partner
- Employee + Children
- Employee + Family
Core Vision Plan
Premium: Paid by SEC
For additional coverage, employees have the option to enroll in the Vision Buy-Up Plan. Employees pay the biweekly premium for the additional coverage:
- Employee - Only Coverage
- Employee + Spouse/Domestic Partner
- Employee + Children
- Employee + Family
Short-Term Disability
Benefits can begin on the eighth day of your qualifying disability. Your benefits can continue for as long as your condition qualifies, up to a total of 12 weeks. You pay a premium based on your age and annual salary.
Long-Term Disability
Benefits can begin 90-days after the start of your qualifying disability. Benefits can continue for as long as your condition qualifies, until reaching the limit under the plan you select. You pay a premium based on your age and annual salary.
Supplemental Retirement
The SEC’s supplemental retirement benefit provides you with additional retirement contributions beyond those that are received under your Thrift Savings Plan (TSP), the Federal Employees Retirement System (FERS) or the Civil Service Retirement System (CSRS).
The SEC's contributions to the Supplemental Retirement Plan (SRP) are triggered by your personal contributions to the TSP. The SEC will match employee contributions up to a maximum of 3 percent of your bi-weekly gross.
FERS-covered employees need to contribute more than 5 percent into the TSP to receive agency matching contributions to the SRP. The SEC will contribute an amount equal to the amount by which your TSP contributions exceed 5 percent to a maximum contribution equal to 3 percent.
CSRS-covered employees who contribute up to 3 precent into the TSP will receive matching contributions to the SRP.
Domestic Partner Health Insurance Premium Reimbursement
Employees who are in a committed relationship with a domestic partner can receive a subsidy toward premiums paid for privately obtained non-subsidized health insurance coverage for domestic partners and the eligible children of domestic partners.
Federal Employees Health Benefits Subsidy
The SEC pays approximately 77 percent of the FEHB premium. The FEHB subsidy is provided on a bi-weekly basis reducing your FEHB premium. For 2016, the FEHB bi-weekly subsidy will be $27.45 for Self Only; $51.29 for Self Plus One and $54.90 for Self & Family.
Professional Dues Reimbursement
The Professional Dues Reimbursement (PDR) program allows the SEC to reimburse qualified employees for up to a maximum of $400 a year for the cost incurred for professional licenses and/or credentials that will be used in the performance of their job duties.
Professional Liability Insurance
The Professional Liability Insurance Reimbursement (PLIR) Program allows the SEC to reimburse qualified supervisors, managers and law enforcement officers for up to one-half the cost incurred for professional liability insurance.