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Calpine Overview
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For employment verification, please contact The Work Number at theworknumber or 1-800-367-5690 and provide employer code 12668 for Calpine Corporation. |
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CALPINE'S TOTAL REWARDS PACKAGE
Calpine's Total Rewards package is among the best in the industry. Read below for an overview of the benefits and programs available to you and your family.
At Calpine, we believe that our employees deserve valuable rewards for their job performance. Employees are, after all, our greatest asset. We also believe that rewards extend far beyond a paycheck. That is why we have developed a Total Rewards package -- offering comprehensive benefits that include retirement benefits, health benefits, income protection, tuition reimbursement, and much more. And, for those employees that go above and beyond, Calpine offers awards and recognition for exceptional job performance.
We want our employees to think of Calpine as more than just a job. This is an opportunity to challenge yourself professionally, and we invite you to join us.
My Health
Medical
You and Calpine share the cost of this benefit. Medical coverage is offered to you and your covered dependents.
Prescription Drug
This benefit is automatic when you enroll in the medical plan. Coverage includes generic, preferred brand and non-preferred brand medications prescribed by your doctor.
Health Reimbursement Account (HRA)
Calpine makes contributions to this account – and you can earn additional HRA dollars if you participate in the Calpine Wellness Program.
Wellness Program
Calpine offers a suite of programs to help you and your spouse/domestic partner get (or stay) healthier, including disease management, telephonic wellness coaches, health trackers and much more.
Dental
You and Calpine share the cost of this benefit. Dental coverage is offered to you and your covered dependents. Coverage is provided for preventive, basic, major services and orthodontia.
Vision
You and Calpine share the cost of this benefit. Vision coverage is offered to you and your covered dependents. Coverage is provided for regular eye exams, lenses, frames and contacts.
Health Care and Dependent Care Flexible Spending Accounts (FSAs)
Calpine provides you a way to save money on a before-tax basis for eligible out-of-pocket health care and dependent day care expenses (for you and any dependent you claim for tax purposes).
Eligible health care expenses include most medical, prescription, dental and vision expenses that plans do not cover. See www.myuhc.com website or www.irs.gov (Publication 502) for a list of eligible expenses.
Generally, eligible dependent care expenses include day care for dependents that allows you to work. See www.myuhc.com website or www.irs.gov (Publication 503) for eligible dependent care expenses.
Short-Term Disability (STD)
Calpine pays the cost of this benefit. STD replaces a portion of your income for up to six months if you are unable to work due to injury or illness.
Long-Term Disability (LTD)
Calpine pays the cost of this benefit. LTD provides 66.67% of your monthly covered earnings up to $15,000 per month if you have a qualified disability.
Basic Employee, Spouse/Domestic Partner and Child(ren) Life Insurance
Calpine pays the cost of this benefit. Basic Life Insurance provides financial protection to you and your beneficiaries if you, your spouse/domestic partner or child(ren) should die.
Basic Employee Accidental Death and Dismemberment (AD&D) Insurance
Calpine pays the cost of this benefit. Basic AD&D Insurance provides financial protection to you and your beneficiaries if you should die or become disabled due to an accident.
Voluntary Employee, Spouse/Domestic Partner and Child(ren) Life Insurance
Voluntary Life Insurance provides additional financial protection to you and your beneficiaries if you, your spouse/domestic partner or child should die.
Voluntary Employee Only or Employee + Family Accidental Death and Dismemberment (AD&D) Insurance
Voluntary AD&D Insurance provides additional financial protection to you and your beneficiaries if you, your spouse/domestic partner or child(ren) should die or become disabled due to an accident.
Employee Assistance Program (EAP)
Calpine pays the cost of this benefit. The EAP provides confidential assistance to resolve problems that are affecting you, your job and your family.
Adoption Assistance
Calpine provides you with financial support when adopting a child(ren).
My Retirement & Savings
Calpine Retirement Savings Plan (401(k))
Calpine allows you to save money that is tax-deferred and receive a company matching contribution on the first 5% of your contributions.
Equity Plan
Calpine provides Restricted Stock Awards and/or Stock Options that allow you to own a piece of the company you help build every day.
My Training
Education Reimbursement Program
If you choose to further your education, Calpine provides financial support.
Scholarship & Vocational Grant Program
Calpine provides you with financial support should your dependent child(ren) further his/her education.
Learning & Development/Training Programs
To continue your professional leadership and technical training, Calpine offers learning and development programs to all employees.
My Pay
Paid Time Off (PTO) Program
Calpine provides you the opportunity to accumulate and use PTO hours to give you the time away from work you need.
Commuter Expense Account
Calpine allows you to pay for your transportation expenses with pre-tax dollars. Calpine pays the first $80 of your mass transportation costs per month.
Employee Referral Bonus Program
Calpine values its employees and their referral of highly qualified individuals for employment through a generous referral bonus program.
My Awards & Recognition
Stellar Awards
Calpine recognizes outstanding efforts and contributions to our Company. Your commitment to our corporate values and mission could earn you a Stellar Award certificate presented by your Director/Plan Manager.
Spot-on Awards
Employees that do exemplary work, produce outstanding results, or exert extra time and effort to complete a big project, could be nominated for a Spot-on Award. Co-workers or your manager can nominate you, in which you receive a gift card in amounts between $50 and $250.
Service Recognition
To recognize the continued and dedicated service of our employees through a service and award program that offers award choices.
Ron Appleton Safety Award
This honor is bestowed annually on Calpine employees who exemplify the highest standards of Calpine's safety culture.
My Extras
Employee Discount Program
You have access to discounts on a wide variety of name-brand products and services through the company intranet and the Working Advantage website.
Company Store
A wide variety of Calpine logo-branded merchandise -- much of which reflects our commitment to environmental responsibility -- is available through the Company Store link on the employee intranet.
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