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Benefits
MITRE's guiding philosophy is: Give people an innovative, flexible, and
competitive benefits package, make them knowledgeable about it, show them
how to use it, and that will empower them to make their own best choices.
Our benefit programs address both the immediate needs that you and your
family may have, such as insurance coverage, and your long-term needs,
such as retirement savings. MITRE also provides flexibility in the workplace
by offering benefit programs like the Flexible Work Arrangement Program
and Paid Time Off Bank. These programs help employees navigate successfully
between their responsibilities to home life and their professional responsibilities
at work. MITRE strives to keep its benefits programs competitive and maintain
value for our employees and their dependents.
Benefits Programs
- Retirement Program
- Insurance Programs
- Medical Absence/Disability Programs
- Paid Time Off Programs
- Educational Assistance Programs
- Work/Life Programs
- Other Benefit Programs
1. Retirement Program
One of MITRE's most significant benefits is the Retirement Program,
which offers employees the option of pre-tax or after-tax contributions
and a choice of over 100 investment options ranging from conservative
to aggressive within two leading investment companies: Fidelity and
TIAA-CREF. Key features of the Program include immediate vesting (ownership)
of all contributions, the flexibility to change and reallocate contributions at any time, and generous company matching contributions.
The following represents the structure of the Program:
| Plan Participation |
Employee's
Contribution |
MITRE's
Contribution |
| Level
1
Required
Matched
Contribution |
2% of base salary up to SSWB*
4.7% of base salary over SSWB |
7.5% of base salary up to SSWB
10.5% of base salary over SSWB
Eligible for contributions after 12 months of credited service |
| Level
2
Voluntary
Matched
Contribution |
1 to 10% of base salary up to
SSWB
1 to 6% of base salary over SSWB
(Up to limit set by law) |
Eligible for 1/4 matching of any Employee
Level 2 contribution after 12 months of credited service |
| Level
3
Voluntary
Unmatched Contribution |
(Up to limit set by law) |
Unmatched |
| * The Social Security Wage
Base (SSWB) is set by the government each year. Employee voluntary
contributions (Level 2 plus Level 3 combined) are limited
set by law. |
MITRE is committed to helping employees achieve retirement security
by offering investment seminars, on-site counseling appointments with
investment representatives, and tools to project retirement income.
2. Insurance Programs
Health
MITRE offers various subsidized health care plans to help protect you
from high medical costs and the financial burden when you or your family
needs health care. You may choose to participate in a national High Deductible Health Plan (HDHP) with a Health Savings Account (HSA), a national PPO plan, regional and national HMO plans, or
a Supplement Plan that is available to qualified retired military personnel.
MITRE also offers a Global Health Plan for overseas employees that provide
open access to health care while residing outside of the United States
as well as coverage when periodically returning to the United States.
All of our health plans offer comprehensive care—including coverage
for hospitalization, surgery, routine office visits, preventive screenings, prescription drugs
(retail and mail order), behavioral health/substance abuse services, and many other benefits and services. What differs among the
plans is how you pay for your care and your access to doctors and hospitals
depending upon your location.
Dental
MITRE offers a subsidized dental plan that covers the reasonable and
customary charges for a wide range of dental treatments at either 100%
(preventive) with no deductible, 80% (basic and major) or 50% (orthodontia) after the deductible.
The plan allows you to choose any dentist you want for dental care.
Members can take advantage of discounted rates when they use dentists
who are part of the nationwide network of MetLife, our dental administrator.
The plan pays up to $1,750 per plan year per member and has a lifetime
maximum benefit of $2,000 for orthodontic services.
Vision
The MITRE Vision Care plan provides comprehensive coverage for services
such as eye exams, frames, and lenses following a defined schedule of
benefits. You are also eligible for discounts on laser vision corrective
surgery. The plan is administered by Vision Services Plan (VSP) which
offers a nationwide network of more than 22,000 providers. When you
receive vision care services from a VSP network provider, you are covered
at the maximum benefit amount. You also have the choice of using an
out-of-network provider but will receive a reduced reimbursement.
Life, Accidental Death & Dismemberment and Business
Travel Accident
The MITRE Corporation Life Insurance Program helps provide financial
security and protection for you and your family.
Basic Term Life and Accidental Death and Dismemberment (AD&D)
insurance coverage equal to one times annual base salary (up to $1 million)
is provided automatically at no cost to the employee. You may purchase
Supplemental Life and AD&D coverage at group rates equal to one
to five times your base annual salary (up to $1 million).
The Dependent Life Plan provides three options to cover your eligible
spouse and dependent children for group term life insurance. The cost
of this coverage is a flat rate, regardless of the number of covered
dependents.
Business Travel Accident Insurance is a company-paid plan that provides
accidental death and dismemberment coverage of up to $250,000 for injuries
caused by a covered accident when traveling on company business
3. Medical Absence/Disability Programs
Medical Absence
MITRE's Medical Absence Plan is a company-paid benefit that provides paid time off for medical conditions. It can be used for
an acute illness or injury or for a chronic condition that results
in intermittent absences. It provides income protection for
up to 180 days, subject to documentation requirements. Benefits
are based on years of service, beginning at 100% paid and then at a
reduced rate.
Long-Term Disability
Employees may elect long-term disability coverage to provide income
replacement for a non-work related illness or injury that exceeds 180
days. The plan provides for a benefit equal to 60% of base monthly salary.
This is an employee-paid plan with deductions made on an after-tax basis.
As an additional benefit, if you are enrolled in the MITRE Retirement
Program, a contribution in the amount of 9.5% will be made on your behalf
into your Retirement Program account.
4. Paid Time Off Programs
Paid Time Off Bank
MITRE provides a Paid Time Off Bank (PTOB) for eligible employees to
attend to personal needs that require time away from work. These personal
needs may include vacation, short-term illness, and personal business.
Employees accrue up to 21 days annually in their PTOB until the attainment
of 10 years at which time they are eligible to accrue 26 days. Employees
can cash out hours annually or donate hours to a leave-sharing program.
Holidays
MITRE recognizes eight official holidays each year: New Year's Day,
Martin Luther King, Jr. Day, Memorial Day, Independence Day, Labor Day,
Veterans Day, Thanksgiving Day, and Christmas Day.
Civic Time
MITRE encourages employees to take an active interest in civic and
community affairs. To support employees' community involvement, MITRE
grants paid time off of up to 40 hours per calendar year to employees
whose civic commitments require absence during the workday.
Sabbatical Leave
After seven years of service, regular full time and part-time employees
are eligible to take up to 8 weeks off to pursue personal or developmental
interests. While sabbatical leave is unpaid, employees can use their
Paid Time Off Bank to provide income during this time.
5. Educational Assistance
Programs
Tuition Reimbursement Programs
Three programs are offered through the Educational Assistance Office:
the Basic Educational Assistance Program (BEAP), which reimburses
tuition, applicable fees and books to support a planned academic objective
in line with MITRE's work needs; the Accelerated Graduate Degree
Program (AGDP), which allows employees to pursue an advanced degree
at an accelerated rate by providing time off for studies; and covers
tuition, books and applicable fees in full and the Advanced Degree
Award Program, through which qualifying employees receive a bonus
for completion of their degree.
The MITRE Institute
The MITRE Institute serves as the Corporate center for education, training,
and development. The Institute's primary goal is to increase MITRE's
effectiveness by providing employees with opportunities to enhance their
capabilities, knowledge, skills, and performance. The Institute offers
diversified learning experiences, abundant intellectual stimulation,
and opportunities for personal development to assist the Corporation
in attracting and retaining personnel of the highest caliber and to
link individual development to the achievement of Corporate goals and
objectives.
6. Work/Life Programs
Flexible Work Arrangement Program
MITRE supports the flexibility in work schedule or location to help
employees navigate their personal and family priorities. The Flexible
Work Arrangement Program allows for flextime, variable work schedules,
home-based work/telecommuting, part-time employment and job sharing.
The use of flexible work hours is subject to the needs of the company
and its customers.
Adoption Assistance
MITRE's Adoption Assistance Program is a family benefit providing financial
assistance to employees who adopt a child under the age of 18 or of
any age if the individual is physically or mentally incapable of caring
for himself or herself. The program reduces the financial burden placed
on employees by reimbursing up to $2,500 per child for qualified adoption-related
expenses.
Family/Work/Life Consultation and Referral Services
MITRE has contracted with Guidance Resources to provide confidential
consultation, practical information and referral services to help you
establish a work-life balance all under one roof. They provide services
in areas such as child and elder care, college planning, adoption and
parenting, legal and financial issues, as well as assistance with other
stressful personal and family issues.
Health & Wellness Programs
MITRE promotes health and wellness for its employees by offering
a wide range of programs and services to support employees in functioning at optimal
levels of health and productivity. These programs and services are not
meant to replace the relationship between an employee and his or her
physician, but are designed to assist them in achieving, enhancing,
and maintaining a healthy lifestyle.
Some of our locations maintain on-site fitness centers, locker rooms,
and outdoor recreation areas. Occupational and non-occupational injury
assessment and treatment, health screening, flu and tetanus clinics,
prenatal programs, educational lectures, reference materials, health
fairs, ergonomic evaluations, lactation programs, massage therapy, chiropractic
care and physical therapy are also offered on-site at some locations.
7. Other Benefit Programs
Reward and Recognition Programs
As a leader in information technology and systems engineering, MITRE
relies on the expertise and dedication of our employees to provide the
type of service and solutions our customers require. MITRE acknowledges
the outstanding efforts of our employees through a broad array of awards
that formally recognize the valuable contributions made by specific
individuals and project teams. These awards range from recognition of
notable contributions, innovations, and inventions to the completion
of academic degrees, successful employee referrals, and years of service
to the company.
Flexible Spending Accounts
MITRE has two flexible spending accounts where you can elect to defer
pre-tax dollars to be used for reimbursement of eligible expenses. One
of the flexible spending accounts is for various health care related
expenses (e.g., uninsured medical, vision, hearing and dental) and the
other is for dependent care expenses. The amount you can set aside for the health
care expense account and the dependent care assistance account is
between $100-$5,000.
Identity Theft Insurance
MITRE offers Identity Theft Insurance, providing members easy access to the information and services necessary to fight against identity theft, including alerting members of suspicious account activity and assistance with restoring credit.
Group Legal Plan Insurance
The MITRE Group Legal Plan Insurance allows you to receive legal advice from a participating
or non-participating Plan attorney for a wide range of legal matters.
When using a Plan attorney, you will receive a greater discount. Employees
pay the full cost of this voluntary benefit on an after-tax basis through
payroll deduction. Benefits include court appearances, document review
and preparation, debt collection defense, wills, family matters and
real estate matters.
Auto and Homeowner's Insurance
Employees can purchase homeowner, renter, automobile and other property
insurance through payroll deductions at group rates with no service
or interest charges.
Pet Insurance
Employees can cover dogs, cats, birds, rabbits, ferrets, reptiles and
other exotic pets for medical problems and conditions relating to accidents,
illnesses and injuries.
Long Term Care Insurance
MITRE offers Long-Term Care insurance, a voluntary benefit that provides financial assistance to help cover the expenses associated with nursing home care, assisted living and home care services.
Credit Union Services
Over the years, Hanscom
Federal Credit Union (HFCU) has made it possible for thousands
of MITRE employees to own homes, save for retirement, buy cars, boats,
motorcycles and much more at dynamic rates. MITRE employees
are eligible to become members of HFCU.
This page contains general information regarding
certain benefit plans offered by MITRE to its employees. In the event
that the information on this page conflicts with or is inconsistent
with the provisions of the plan documents, the provisions of the applicable
plan and/or any related insurance contract are controlling and will
govern. Enrollment in MITRE's benefit plans is subject to all limitations
of the plans, including any pre-existing condition exclusions, elimination
periods, at-work requirements, and hourly eligibility requirements.
The MITRE Corporation reserves the right to change, suspend, withdraw,
amend, modify, or terminate these plans in whole or in part at any time
to the extent permitted by law.
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