PENSION RESTORATION PLAN
If you are a higher income earner, you are likely eligible for the Pension Restoration Plan (PRP).
If you are a higher income earner, you are likely eligible for the Pension Restoration Plan (PRP).
The Pension Plan is a” traditional” workplace “defined benefit” plan. It pays a benefit that’s based on a formula involving salary and length of service. The Pension Plan is financed entirely by Hess.
Monday, June 3, through Sunday, June 30, 2019
Hess appreciates dedication and service, and offers Service Awards in appreciation of employee commitment to Hess. Special service recognition awards are given at service milestones recognized at one-year, three-year and five-year increments.
The Hess Education Assistance Program provides financial assistance for employees who wish to complete undergraduate or graduate degrees. We provide reimbursement for 100 percent of out-of-pocket tuition expenses for eligible and approved programs, up to a maximum of $25,000 for undergraduate programs and $40,000 for graduate programs.
If you have a qualified life event during the year, you can make changes to your medical, dental and/or Dependent Care FSA benefits within 30 days of your qualified life event. You can also make changes to your Optional Life, Dependent Life and Family Accident Insurance. Evidence of insurability may be required in some cases.
You have the opportunity to enroll for coverage when you first become eligible. This is usually when:
or