Training & Research
Benefits 
Benefit Summaries
Parsons offers an attractive and comprehensive benefit package to its employees. The summaries listed below highlight the terms of Parsons' employee benefit plans. The actual terms of the various employee benefit plans are stated in and governed by plan documents.
Insurance Benefits
Log Into My Flexible Benefits Account (FSA )
My Benefits (temporarily unavailable)
--------------------------------------------------------------------------------
Insurance Benefits
Medical/Health Insurance
Full and part-time employees who work at least 20 hours per week may enroll in the medical plan following 30 days of employment. The medical plan is provided by Empire Blue Cross, and employees have a choice of a PPO or EPO model, www.empireblue.com. Coverage is effective the first of the month following 30 days of employment. Otherwise, enrollment may take place during the open enrollment period to be effective July 1 of the next year or within 30 days of a family status change. Parsons' pays 75 percent of the total EPO premium for full-time employees and 62.5 percent of the EPO premium for part-time employees for either individual, two-person, or family coverage. Employee contributions may be on a pretax basis if Parsons contributes to the cost of health coverage.
Dental Insurance
Dental insurance is available to benefit-eligible staff through Guardian. Coverage is effective the first of the month following 30 days of employment. Staff may elect coverage the first of the month following 30 days of employment or during the annual open enrollment period.
Life Insurance
Staff hired prior to 4/1/95 are covered as of the date of hire with life insurance equal to two times their annual salary, and those hired after 4/1/95 have a benefit of one time their annual salary. Accidental death and dismemberment (AD&D) insurance is also provided at two times the annual salary. Eligibility is the first of the month following date of hire.
Parsons pays the full cost of these benefits. However, Parsons is required by law to tax employees on the imputed value of life insurance coverage that exceeds $50,000. This cost is generally minimal.
Long Term Disability Insurance (LTD)
An LTD policy covers approximately 60 percent of the annual staff salary for an illness or disability exceeding six month's duration. Parsons pays the full cost of this benefit.
Supplemental Short Term Disability
A voluntary supplemental short term disability policy is available to staff at a low cost through AFLAC. This coverage can help replace part of your income if you cannot work for an extended time, up to six months, due to illness. This program is available to all full or part-time benefited employees at the date of hire or during the annual open enrollment period.
Voluntary Life
A voluntary term life insurance plan is available through First Reliance Standard, http://www.reliancestandard.com/. This program is available to full or part-time benefited employees at the date of hire or during the annual open enrollment period. The maximum insurance is five times the annual salary to a maximum of $120,000 for a staff member and 50 percent of the employee's amount for the spouse.
.
Flexible Reimbursement Accounts
Flex reimbursement accounts are available at Parsons. These plans allow staff to set aside pretaxed dollars every paycheck for eligible medical expenses that are not reimbursed by the medical plan, as well as dependent care expenses that allow a staff member or his/her spouse to work. Staff are eligible the first of the month following 30 days of employment and annually at the open enrollment period to be effective January 1 of the next year.
--------------------------------------------------------------------------------
Employment Benefits
Consolidated Annual Leave (CAL)
Paid Leave (PL) - Parsons offers a creative time off plan that bundles together vacation hours, personal hours, holidays, and short-term illness into a "paid leave bank." Time begins to accrue the first pay period of eligibility and builds to an equivalent of 32 days per year for new staff. Eligible Part-time staff accrue on a prorated basis. Disability Leave (DL) - The DL bank covers illnesses longer than five days when under a physician's or licensed practitioner's care. Time accrues at a rate of eight days per year for eligible full-time staff and is prorated for eligible part-time staff. Up to three days of DL may be used for certain serious medical or bereavement situations.
Cooperative Leave Pool
The Cooperative Leave Pool is a bank of time donated by staff for which a staff member who is experiencing an emergency or catastrophe may apply. Time granted does not need to be paid back. Eligible staff may apply after six months of employment, should a need occur.
Employee Assistance Plan
Confidential counseling services for personal, family, substance abuse, financial, legal, and other issues are available through Capital EAP and are free to all employees and their family members. Capital EAP also offers professional and personal training and workshops. Visit Capital EAP at capitaleap.org.
--------------------------------------------------------------------------------
Career Benefits
Career Development
Parsons places great value in education and personal development. We are proud to offer a variety of programs which help employees enhance their skill sets, knowledge, and abilities.
Tuition Assistance
Full-time staff may apply for reimbursement for three credit hours per semester (maximum of six per fiscal year) at the State University of New York rate.
Part-time employees may apply for three credit hours per year. Staff must meet the established criteria listed in the policy. Staff are eligible after six months of employment.
James Jacob Scholarship
The scholarship fund is available to staff who are enrolled in a post high school program that is focused on a career in human services such as social work, special education, psychology, etc. Awards are given out annually.
Training
Full and part-time staff are encouraged to further their training through the extensive training offerings made available through Parsons' Sidney Albert Training and Research Institute.
Educational Leave of Absence
An employee is eligible to apply for an educational leave of absence with pay after completing seven years of service. Leave applications are considered on a case-by-case basis.
--------------------------------------------------------------------------------
Tax Deferred 401(k) Plan
Employees are eligible to participate in the 401(k) plan to begin saving for retirement after the completion of 3 months of service. For employees hired on or after July 1, 2011, Parsons may make a discretionary profit sharing contribution to help employees save for retirement. Vesting in the employer contribution portion occurs after three years of eligible service.
Tax Deferred 403(b) Plans
Parsons encourages its staff to consider tax deferred plans. These plans allow staff to contribute tax deferred funds via payroll deduction to a 403(b) at an amount elected by the individual subject to the federal maximum allowed. Plans with numerous investment options are offered.
Credit Union
Parsons offers membership in the School Systems Federal Credit Union school-systems.com to all of its employees. Services include a variety of savings and investment accounts, IRAs, low interest loans, free checking account, debit cards, on-line banking, and more.
Discount Auto, Homeowners, and Renters Insurance
Parsons offers staff personal insurance products such as automobile, homeowners, and renters insurance at group discount rates through Liberty Mutual Insurance Company. Visit libertymutual.com.
Other Benefits
Parsons offers staff cell phone discounts with Verizon, and discount memberships at BJ's Wholesale Club.