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2011 Best Employers

Saint Vincent Health System

Employees in the phased retirement program can begin receiving their pension

Benefits/Financial: Full- and part-time employees are offered a 401(k) and a 403(b) plan, both of which are employer matched. Part-time employees working 20 or more hours per week are eligible for a cash balance or other hybrid plan. All new hires as well as all employees are automatically enrolled in the saving plans; employees age 50 and over can make catch-up contributions to their plans and may invest in lifecycle funds that automatically re-allocate assets based on age or proximity to retirement.

Financial information is offered from the staff of the financial services firm that administers the savings plans and also from external financial planning experts.

Provisions for caregiving include short-term and long-term leaves of absence without pay and paid time off.

The Saint Vincent Special Needs Bank provides employees paid time off that has been donated by fellow employees.

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, and stress management training. Saint Vincent hosts an annual health fair for all employees, volunteers, retirees  and physicians.

Saint Vincent offers the following dependent care benefits to its full-and part-time employees: on-site child care for children of employees and for grandchildren of employees with responsibility for grandchildren, referral services to assist with child care, grandchild care and eldercare, as well as back-up care for child care and grandchild care.

Benefits/Alternative Work Arrangements: Alternative work arrangements are offered: flextime, compressed work schedules, job sharing, telecommuting and a formal phased retirement program. Employees interested in the formal phased retirement program must work 20 or more hours per week while the remaining work arrangements require 4 or more hours per week. Full-time employees are eligible to move to part-time work on a permanent or temporary basis.  

Opportunities for Retirees: Saint Vincent has 688 retirees and an individual directly responsible for retiree relations. The hospital stays connected with its retirees by communicating regularly, inviting retirees to organization events and by providing ongoing access to retirement planning workshops and information. Retirees are offered the following work opportunities: temporary work assignments, consulting and contract work, full-time work, part-time work and per diem work.

Age of Workforce: Thirty-eight percent of Saint Vincent's employees are age 50 and over. The average tenure of those employees is 18.5 years.

Return to list of 2011 Best Employers winners. >>

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