RAND Employment Benefits
As a partner in supporting employees and their families, RAND is dedicated to providing competitive and comprehensive benefits for retirement, time off, health and well-being, continuing education, career development, and family support.
The information below highlights our current benefits program for regular and term employees scheduled to work at least 20 hours per week.
RAND's contributions to employee retirement savings are significant and a major attraction of our benefits package. Contributions to the 401(a) Qualified Retirement Plan are fully vested after four years of RAND service. RAND contributes the amounts shown below. Additionally, employees may contribute on a tax-deferred basis to a 403(b) Savings Plan. RAND also offers retiree medical coverage to eligible employees.
RAND's Annual Contributions to the Retirement Plan (this is not a savings plan)
|Employee Age||On Earnings Under SSWB||On Earnings Over SSWB*|
|Under age 35:||5%||10%|
|Ages 45 or over:||9%||14%|
* Up to the maximum permitted by federal law. (SSWB: Social Security Wage Base)
Sabbatic pay is a unique and extremely attractive benefit to exempt employees, reflecting RAND's strong belief that employees should take paid time off to ensure their health and well-being. When an eligible employee takes a vacation day, he or she receives sabbatic pay in addition to his or her regular salary. If an eligible employee takes all 20 vacation days over the course of the year, the total sabbatic pay will amount to an additional 5 percent of the employee's annual salary.
Eligible exempt employees such as researchers, executives, and administrators accrue 20 days of vacation per year. Eligible non-exempt employees such as administrative assistants and clerical staff accrue 15 to 20 vacation days per year, depending on their RAND service.
RAND pays a generous share of the cost of health insurance coverage for eligible employees and their covered dependents. The employee's cost of coverage varies with the medical plan selected and full-time or part-time status.
A comprehensive PPO medical plan is available at all RAND locations. The plan includes both retail and mail-order pharmacy networks as well as preferred provider hospital and physician networks. Health Maintenance Organization (HMO) or Exclusive Provider Organization (EPO) plans are also available at our California, Washington, D.C., Pennsylvania, and Massachusetts locations. Eligible employees may select the type of coverage they prefer from these options.
The Transparency in Coverage rules require that our self-funded group health plan make machine-readable files (MRFs) available that disclose the cost of medical services, including in-network rates, out-of-network allowed amounts, and billed charges for plan or policy years that start on or after January 1, 2022.
Congress and federal agencies intended these MRFs to be used by researchers, regulators, lawmakers, patient and consumer advocates in order to support consumer choice. Anthem has created and published these required MRFs on our behalf. You can access the plan's machine-readable files at https://www.anthem.com/ca/machine-readable-file/search/.
RAND pays a significant share of the cost of eligible employees' and dependents' coverage; coverage is voluntary. The plan reimburses 50 to 100 percent of reasonable and customary dental expenses up to $1,500 per person per year. A $100 deductible applies to some expenses. Implant and child orthodontia are covered. Certain procedures are not covered.
RAND pays a significant share of the cost of eligible employees' and dependents' coverage; coverage is voluntary.
Flexible Spending Accounts (Pre-Tax)
Employees who incur certain costs for the care of eligible dependents may contribute toward those costs on a tax-favored basis. Employees may also contribute toward expenses not covered by health, dental, and vision plans on a tax-favored basis.
RAND pays the full cost of eligible employees' basic coverage.
- For employees under age 65, coverage is equal to 1.5 times basic annual earnings.
- For employees age 65 or over, coverage is reduced on a percentage basis.
- Employees whose coverage amount is greater than $50,000 will have imputed taxable income on coverage in excess of $50,000. These employees may elect to reduce coverage to $50,000.
Supplemental Life Insurance: Additional coverage is available for eligible employees and their dependents on a voluntary basis, paid for by the employee.
Accidental Death and Dismemberment Insurance
Additional coverage is available for eligible employees and their dependents, paid for by the employee.
Travel Accident Insurance
In addition to other life and accident insurance coverage, eligible employees receive accidental death and dismemberment coverage up to $100,000 while on authorized RAND travel. The full cost of this insurance is paid by RAND.
There are two types of disability coverage.
- Short-term disability insurance provides benefits if employees cannot work because of non-occupational illness or injury. This coverage provides benefits after one week of disability for up to 52 weeks. RAND pays the full cost of this coverage.
- Long-term disability insurance is also available to eligible employees. RAND pays the cost for a basic level of coverage and employees can elect to purchase supplemental coverage.
Employee Assistance Program (EAP)
Independent counselors may be contacted directly by eligible employees and members of their households for confidential, short-term counseling on personal as well as work-related problems. The full cost is paid by RAND.
Life Balance Resource and Referral Service
Assistance with family issues and with locating care for family members is available at no cost to eligible employees.
RAND's Care@Work program includes a free Care.com membership, emergency back-up care, senior care support, expert assistance, and childcare tuition discounts.
RAND partners with Milk Stork, a family-supports service which ships breast milk for eligible staff who are breastfeeding during approved business travel.
RAND Healthy Living Wellness Program
RAND Healthy Living is the corporate wellness program. RAND Healthy Living encompasses physical, emotional, social, and financial aspects of well-being.
RAND's U.S. locations have nine paid holidays each year. Eight follow a common schedule, and the ninth is a "floating holiday" of the employee's choice.
Sick and Other Leave
Sick pay (up to 10 days annually) is available on an annual basis for occasional illness. Sick pay can also be used for medical appointments. Paid personal time off is also available for maternity and parental leaves, adoption, jury duty, military, bereavement, and emergencies.
For additional information on the Family and Medical Leave Act (FMLA), see www.dol.gov (PDF).
Tuition Reimbursement Program
Eligible employees may, upon approval, receive reimbursement for courses taken and satisfactorily completed, provided that the courses are required for an academic degree in one of RAND's areas of interest or are directly related to any RAND job classification. The maximum reimbursement is $5,250 per fiscal year. The class must be taken for a letter grade, pass/fail, or credit/no credit.
Public Service Loan Forgiveness
RAND meets the criteria of a public service organization under 501(c)(3) and assists staff with completing the PSLF Employment Certification Form.
Workers' Compensation, which covers occupational illness or injury, and Unemployment Insurance are paid by RAND.
The RAND branch of the Premier America Federal Credit Union offers savings-deposit services and loans.
This brief summary is intended as an overview of RAND benefits.
Note: All coverage is governed by the benefit plan documents and summary plan descriptions. In the event of any discrepancies, the plan documents shall govern.
Equal Opportunity Employer: race/color/religion/sex/sexual orientation/gender identity/national origin/disability/vet