9/80 Work Schedule
Full-time employees enjoy a 9/80 flexible work schedule, with every other Friday off.
Paid Time Off (PTO)
All full-time employees are eligible to accrue and receive PTO for vacation, sick leave or personal days. Employees may use their PTO interchangeably for vacation, sick leave or personal leave. Part-time employees (working less than 30 hours per week) are also eligible for PTO based on the total hours worked each pay period. Employees may carry forward unused PTO up to two times their annual accrual rate. PTO will stop accruing once an employee exceeds two times their annual rate.
Accrual of PTO
PTO is accrued hourly for each hour worked up to eighty (80) hours per pay period, according to the following table:
|Years of Employment||Accrual rate||Maximum Accrued Hours Per Year|
|0-4 years||0.0615 hours/hours worked||128|
|4-8 years||0.0865 hours/hours worked||180|
|8 years or more||0.1115 hours/hours worked||232|
- Holiday Pay
Vanguard offers ten paid Holidays.
- Jury Duty
Vanguard recognizes each employee’s civil duty to serve on a jury when called and will pay up to five days regular pay to this end. Following the fifth day, employees may use accrued absence time to cover additional time needed. Only jury duty hours spent during a normal shift schedule are paid.
- Bereavement Leave
All regular full-time and part-time employees are eligible for paid bereavement leave up to three consecutive work days because of a death in their immediate family or domestic partner’s immediate family. Immediate family includes current spouse, mother, stepmother, father, stepfather, sister, brother, child, stepchild, current mother-in-law, current father-in-law, grandparents and grandchildren.
- Insurance Plans
All full-time employees working more than 30 hours per week are eligible for:
- Health Insurance
Under the Group Health Insurance Plan, all full-time employees are covered on the first day of the month following employment. The company pays for the major part of this benefit and offer coverage through Aetna (HMO, PPO) and Kaiser (HMO).
- Dental Insurance
Under the dental insurance plan, all full-time employees are covered on the first day of the month following employment. The company pays for the major part of this benefit premium. Vanguard offers coverage through MetLife (DMO, PPO).
- Vision Insurance
Under the VSP vision plan, all full-time employees are covered on the first day of the month following employment. The company pays for the major part of this benefit.
- Life Insurance
Paid life insurance is provided up to a maximum of $50,000 at Vanguard’s expense. The employee may elect to increase the basic life insurance by opting to purchase additional (supplemental) coverage at the employee’s expense. Life insurance coverage is effective on the first day of the month following date of hire.
- Supplemental Life Insurance
Employees have the option of purchasing additional life insurance in increments of 1x, 2x or 3x their earnings up to a maximum of $500,000. The rates are based on the participant’s age. Supplemental life insurance is a voluntary benefit, 100 percent paid by the participant. In addition to supplemental life insurance, employees have the option of purchasing dependent life insurance. Spouse coverage is up to 50 percent of the employee amount; child coverage may be purchased in $2,500 increments up to $10,000. This is also a voluntary benefit paid 100 percent by the employee.
- Short- and Long-Term Disability Insurance
Short-term disability benefits are 60 percent of weekly pre-disability earnings up to a maximum benefit of $1,155 per week, minus other income paid because of disability. Benefits begin on the later of 14 days after the date the disability occurs due to an injury or sickness. The maximum period of payment is 17 weeks. Long-term disability benefits are 60 percent of monthly pre-disability earnings to a maximum benefit of $5,000 per month. Benefits begin on the later of 180 days after the date disability occurs or the date the employee’s insured group short-term disability ends.
- Government-mandated Insurance
Vanguard contributes (for the employee’s benefit) to government-mandated insurance coverage including Social Security, Workers’ Compensation, State Disability insurance and Unemployment insurance.
- Health Insurance
- Flexible Spending Accounts
We offer two types of flexible savings accounts. You can specify the amount of pre-tax salary, from a minimum annual election amount of $100 to a maximum of $4,000 for healthcare expenses and $5,000 for dependent daycare expenses.
- Employee Assistance Plan
The Employee Assistance Program (EAP), offered through MetLife Behavioral Health, is a Vanguard paid benefit that offers completely confidential assistance. Access is available to all household members for up to five free consultations per type of service, per person, per year.
- 401(k) Plan
Employees are eligible to participate in the Vanguard’s 401(k) plan on the first day of employment. Contributions are subject to annual IRS limitations. Vanguard may make a matching contribution of 50 percent of the employee’s contribution, up to a maximum of five percent of salary per pay period. Employer matching contributions is 100% vested.