MEAG Power offers the following comprehensive suite of competitive benefits to full-time employees throughout the employee lifecycle.
- Flexible Spending Accounts
- Life & Disability
MEAG Power provides two (2) plan options for medical insurance, an HMO and POS, and covers a generous percentage of the premiums for employees and dependents. The company also provides dental and vision insurance. In addition, the company offers flex medical and dependent accounts, pre-tax account options available to cover co-pays and certain health and dependent care expenses. Basic life insurance for employees is provided, with supplemental plans available for spouses and children.
Providing competitive salaries is key to acquiring and retaining key talent. Total compensation is informed by benchmarked market data and is based on talent and individual performance. Merit increases may be awarded through the annual merit process and are contingent on individual performance. Incentive pay is an annual compensation program contingent on both company and individual performance.
Time Off & Leave
- Sick Time
- Leaves of Absence
- Bereavement Leave
MEAG Power provides annual paid holidays, vacation days and accrued sick time. MEAG Power conforms to the Family and Medical Leave Act.
Awards & Recognition
- Service Awards
- President’s Award
Service awards are presented for successive 5–year employment anniversaries. The President’s Award is awarded annually to individual(s) who have been nominated for outstanding service on a consistent basis in furthering the organization’s mission and who exemplify MEAG Power’s corporate values.
- Retirement Savings Plans
- Retiree Premium Reimbursement
- Retiree Life Insurance
Eligible employees can participate in MEAG Power’s 403(b) and 457(b) retirement savings plans. The company provides a generous match to the 403(b) retirement savings plan, provides a medical premium reimbursement benefit and life insurance for eligible employees.
- Flexible Hours & Work Schedule (if applicable)
- Tuition Reimbursement
MEAG Power offers flex-time schedules, subject to Manager’s approval, and various alternative workday schedules – to encourage and support work/life balance.
Annual tuition assistance is available for college courses and career–specific programs related to your position with the company.
MEAG Power reserves the right to alter, amend or terminate any benefit(s) provided to its employees at any time.