Cottage Health 2020 Culture Audit

S Retirement Plans: Securing a Sound Future UPDATED: Cottage Health offers generous retirement programs to ensure that employees have the opportunity to accumulate savings for a secure retirement. Cottage provides a cash balance pension plan with the ability for employees to make contributions and receive basic and matching contributions from Cottage. Once an employee is eligible, Cottage Health contributes an amount equal to 2% of the employee’s pay to the Cash Balance Retirement Plan. In addition, employees may elect to contribute up to 25% of pay to the plan and, in turn, Cottage Health matches their contributions up to a maximum of 3% of pay. Employees may also elect to save more for retirement through tax-deferred contributions to a voluntary 403(b) plan. Employees of Pacific Diagnostic Laboratories (PDL), a CH subsidiary, are provided with a 401(k) Retirement Savings Plan where employee contributions are matched up to 4% of pay. T Wellness Benefits Program – Better Health and Other Rewards UPDATED: Cottage Health offers a comprehensive wellness program designed to help employees get healthy and stay healthy. The program includes health coaching, fitness challenges and health screenings for employees and their families. It also includes free onsite fitness classes and seated massage. Financial incentives in the form of wellness dollars are offered to both employees and their enrolled spouses. Eligible individuals can each earn up to $550 per year. The program features: • Cash incentives for a variety of wellness activities – from annual physicals to step challenges to completing a Cottage Advance Directive • Cardiac Rehabilitation Gym at Santa Barbara Cottage Hospital – open for all employees during non-patient care hours • Aquatic Center at Cottage Rehabilitation Hospital – offers classes for patients and employees and is available for recreational swimming 10/119 Start | Contents | Highlights | Business Description | Hiring & Welcoming | Inspiring | Speaking | Listening | Thanking | Developing | Caring | Celebrating | Sharing • Highlights 6.11