Benefits/Financial: Full- and part-time employees are offered a 403(b) plan with employer match. Employees working 20 or more hours per week are also offered a defined benefit plan. All employees are automatically enrolled in the 403(b) plan, employees age 50 and over can make catch-up contributions to their plan and may invest in lifecycle funds that automatically re-allocate assets based on age or proximity to retirement.
Staff members, external financial planning experts and staff from the financial services firm that administers the retirement plans provide financial information and training to employees. Institution wide retirement fairs are offered on an annual basis.
MD Anderson provides several options to allow for caregiving, including; The Reduced Salary Paid Leave program, which provides 50 percent salary continuance for a serious employee illness or injury or catastrophic immediate family member illness or injury. Short-term and long-term leaves of absence are offered without pay, and employees can take paid time off.
Full- and part-time employees are offered flu shots, health screenings, health risk appraisals, smoking cessation programs, health club discounts, physical activity and weight loss programs, stress management training and on-site massages. The Be Well Program, an institution-wide health and wellness program, contains offerings and initiatives focused on various dimensions of wellness.
MD Anderson offers referral services to assist with child care, grandchild care and eldercare, and back-up care for child care, grandchild care and eldercare to its employees working 20 or more hours per week.
Benefits/Alternative Work Arrangements: The following alternative work arrangements are offered to employees working 20 or more hours per week: flextime, compressed work schedules, job sharing and telecommuting. Full-time employees are eligible to move to part-time work on a permanent or temporary basis.
Opportunities for Retirees: MD Anderson has 2,559 retirees and an individual directly responsible for retiree relations. The hospital stays connected with its retirees by communicating regularly, inviting retirees to organization events, providing ongoing access to retirement planning workshops and information, and by formally acknowledging retirees when they retire. Retirees are offered work opportunities including temporary work assignments, consulting and contract work, telecommuting, full-time work and part-time work.
Age of Workforce: Twenty-eight percent of MD Anderson employees are age 50 and above. The average tenure of those employees is 13.4 years.
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