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Benefits
Our employees are our most valuable resource. They are the human engine behind the power we produce.
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Each of Basin Electric's major facilities has a fitness/wellness center. |
Because we value our people, Basin Electric and its subsidiaries offer a comprehensive and competitive benefits package:
- Cancer care / intensive care plans
- Dental insurance
- Dependent life and accidental death & dismemberment (AD&D) insurance
- Flexible spending accounts
- Life and accidental death & dismemberment (AD&D) insurance
- Medical insurance
- Vision insurance
* Employees have the option of making changes to the above plans during an open enrollment period each year to be effective Jan. 1.
- 401(k) plan
- Educational assistance
- Employee Assistance Program (EAP)
- Employee recognition program
- Holidays
- Long-term care
- Long-term disability (LTD) insurance
- Paid sick leave
- PC loan program
- Retirement program
- Vacation
- Wellness program
Dental Insurance
- Two options of coverage available
- Coverage starts on the first of the month following three months of employment
- Premiums paid by Employer for Denta 50
- Employee pays difference in premium for Denta 150
- Part-time employee is eligible for a single Denta 50 dental plan
- Part-time employee pays difference in premium for other than a single Denta 50 plan
Dependent life and accidental death & dismemberment (AD&D) insurance
- Coverage available: Spouse--$10,000 or $20,000 and/or children--$5,000 or $10,000
- Coverage starts the first of the month following three months of employment
- Premiums paid by employee through payroll deduction
Flexible spending accounts
- Two separate accounts: Dependent Care Account and Health Care Account
- Dependent Care Accounts are used to pay for child care expenses while employee and spouse are working
- Health Care Accounts are used to pay out-of-pocket expenses such as deductibles, co-insurances, and other medical expenses not covered by insurance
- Contributions are pretax and begin the first of the month following date of employment
- Minimum pay period contribution of $5; maximum pay period contribution of $208
Life and accidental death & dismemberment (AD&D) insurance
- Coverage determined by rounding up base annual salary to next thousand
- Coverage starts on the first of the month following three months of employment
Employer provides 2X coverage - Employee can purchase up to 3X additional coverage through payroll deduction
- Coverage maximum of $1,000,000 for life insurance
- Coverage maximum of $1,000,000 for AD&D insurance
Medical insurance
- Coverage starts the first day of employment
- Premiums paid by employer
- Part-time employee is eligible for a single medical plan
- Part-time employee pays difference in premium for other than a single plan
Vision insurance
- Coverage starts on the first of the month following the first day of employment
- Enrollment in plan is for a 24-month period
- Premiums paid by employee through payroll deduction
401k plan
- Two options available: Traditional 401(k) and Roth 401(k)
- Basin Electric contributes/matches a percentage of employee contribution based on employment status
- A loan option is available
Cancer care / intensive care plans
- Supplemental insurance for expenses incurred either due to cancer or extended stays in a hospital intensive care unit
- Different options available
- Premiums paid by employee through payroll deduction
Educational assistance
- Full-time employees who complete undergraduate or graduate course work at a local/regional accredited educational institution in an approved program may be reimbursed 50 percent or 100 percent of the cost of tuition, fees and texts, depending on the business relationship of the courses
- Part-time employees may be eligible for pro-rated reimbursement
Employee Assistance Program
- Offers confidential help in areas of personal concern and difficulty
- Includes emotional crisis; individual, marital, and parenting concerns; financial and legal difficulties; chemical addiction evaluation; and work-related problems
- The Cooperative will provide up to eight appointments with an employee assistance counselor for each problem
Long-term care
- Includes nursing home, assisted living, home care, respite care, bed reservation, alternate care, caregiver training, and equipment
- Different options available
- Premiums paid by employee through payroll deduction
Long-term disability insurance
- 90-day waiting period
- Pays 60 percent of predisability salary or 70 percent of all sources of income
- Payment begins after 90 days of total disability
- Premiums paid by Employer
PC loan program
- Employees configure and purchase their own computer system and repay the loan per the terms of the loan agreement through payroll deduction.
Retirement program
- Waiting period based on employment status
- Normal retirement is age 62
- Retirement benefits are calculated using a predefined benefit formula
- Premiums paid by Employer
Wellness program
Basin Electric and its subsidiaries promote a total lifestyle approach to employee wellness by providing blood screenings, flu shots, fitness facilities, and wellness and health education programs
Basin Electric is an Equal Employment Opportunity Employer M/F/D/V
Employment opportunities
Headquarters
1600 E. Interstate Ave.
PO Box 5540
Bismarck, ND 58506-5540 USA
701.221.4400
Great Plains Synfuels Plant
420 County Road 26
Beulah, ND 58523-9400 USA
701.873.2100
