A Summary of the Benefit Programs offered by the
Metropolitan Washington Airports Authority What we offer…
If you are considering a job opportunity with the Metropolitan Washington Airports Authority, we want you to know that pay represents only a portion of total compensation. The benefits available to you as an Authority employee can assist you while you are working and help you plan for a comfortable retirement. A typical benefits package with the Authority usually represents an additional 30 percent of pay.
Understanding the benefits available to you is the best way to determine if the Authority could be your next employer. Below is a summary of the different benefits offered to all regular, active employees with the Authority.
Health Insurance Program
The Authority typically offers two different health care plans to provide you and your family with protection when you incur health care expenses. Employees may select from a Preferred Provider Organization or a Health Maintenance Organization. You may elect to cover yourself, yourself plus one other dependent, or yourself and your entire family. Either plan offers comprehensive medical services at a reasonable bi-weekly contribution rate. These programs include prescription drug and vision benefits.
We also offer a separate dental program (including preventative, basic and major restorative services, including orthodontia) for an additional fee.
The Authority pays for 80 percent of the total cost of your health insurance coverage and 45 percent of the cost of your dental coverage.
The Authority automatically covers regular employees in one of two different defined benefit plans – either the Retirement Plan for General Employees or the Retirement Plan for Police Officers and Firefighters. An employee is covered in their respective plan as of their date of hire.
Employees in the General Plan may receive a retirement pension at age 60 with at least 5 years of service or as early as age 55 with a reduced benefit.
Police and Firefighters contribute 1.5 percent of their base pay on a pre-tax basis and are eligible for a full pension at age 55 with at least 5 years of service or at any age with at least 25 years of service. An early retirement option is available before age 50 with a reduced benefit.
Retirement Savings Plan (RSP)
The Authority’s RSP is designed to help you accumulate capital for your retirement by allowing you to voluntarily save a portion of your pay on a pre-tax basis through payroll deduction. The Authority matches a portion, up to 3 percent, of the amount you save. There are many investment options available and your contribution rate may be changed at any time. The annual maximum tax deferred savings limit for 2013 is $17,500, and the age 50 provision is an additional $5,500. In addition, investment earnings credited to your account accumulate tax-free until you receive a distribution. This plan is governed by Sec. 457 of the IRS Code.
Long Term Disability Plan (LTD)
This program provides partial income protection to employees when they become ill or disabled until age 65 or older depending on the age at which the disability occurred. Our LTD plan is designed to integrate with the Authority’s leave programs, workers’ compensation, retirement and social security benefits. The Authority provides, at no cost to the employee, the normal 90-day waiting period before benefits become available. Employees may elect shorter waiting periods (60 and 30 days) at a reasonable additional cost.
Life Insurance Program
This program provides benefits to your survivors if you die on or off the job from accidental or natural causes. These benefits supplement your own personal life insurance program. You and the Authority share the cost for basic life insurance. Supplemental and Dependent coverage is also available at reasonable cost to the employee.
The Authority offers most new employees the opportunity to accrue annual and sick leave for their personal use during the course of their employment. Within specific guidelines, employees may use their leave for events such as vacations, illness or injury, and to care for family members. We observe 10 Federal holidays each year. Lastly, the Authority provides leave for an on-the-job injury or illness, administers a donated leave program, and provides for court and military Leave. The Authority manages all programs in accordance with the Family and Medical Leave Act of 1993.
Flexible Spending Accounts (FSA)
An FSA enables you to save money on certain health care and dependent care costs by paying for eligible expenses with pre-tax dollars. Since your contributions are deducted from your paycheck before taxes, your taxable income is actually lowered. This means that you pay fewer income taxes and have more money to spend! The maximum you may defer each year is $2,500 for health care expenses and $5,000 for dependent care expenses. The Authority offers direct deposit reimbursement and account management services with the plans.
Tuition Assistance Program (TAP)
This program allows you to be reimbursed as much as 100% of your tuition, for up to $4,000 per year, at any accredited college or university or trade or technical school. Courses can be taken individually or as part of a degree program!! Would you like to finish that degree? Would you like to change careers and need the education to do it? If so, then the Authority’s Tuition Assistance Program is perfect for you!
The Metropool program enables all employees to use covered public transit providers instead of the Authority parking privilege. Metro media (Metrocheks, Metro farecards and Metro bus tokens) are disbursed monthly to program participants and sold to non-program participants as a convenient service.
Employee Assistance Program
Health and financial education programs
Job related training
Monetary awards for exemplary performance
Direct deposit of your paycheck
Annual flu shots
Why Choose the Authority?
While finding a job that meets your career goals and pays you well is important, remember that the employer's benefits may make all the difference.
The Authority's programs - health and life insurance, retirement and retirement savings, long term disability, leave programs, flexible spending accounts tuition assistance, metropool subsidies and other miscellaneous benefits add up to a comprehensive and generous benefits package.
We hope these programs are the keys to your accepting a new position with the Metropolitan Washington Airports Authority. Whether you choose a position at Washington Dulles International or Ronald Reagan Washington National Airports, these programs were designed "For Your Benefit"!
Metropolitan Washington Airports Authority
Office of Human Resources, MA-500
1 Aviation Circle
Washington, DC 20001-6000
Phone: 703-417-8366 (Job Information Line)