Americas

Americas

Logitech's Comprehensive Benefits Package (U.S.A) 
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In addition to benefits required by law, Logitech Inc. offers a generous and comprehensive benefits program as part of an employee's total compensation package. These benefits are described below in summary statements which highlight the fundamental design of each plan.
To be eligible for the following benefits, employment status must be "regular full-time" (40 hours per week) or "regular part-time" (30 or more hours per week).


Health Care Benefits

Medical insurance is provided by leading providers. Logitech offers a choice of four medical plans: Aetna Open Choice (PPO/NON PPO), Aetna HMO, Aetna POS managed care plan for the Oregon/Washington area, and Kaiser Permanente HMO (Northern California and Oregon/Washington).

In addition, Logitech offers two dental plan options: The Delta Preferred Provider (DPO) dental plan or the DeltaCare PMI Plan (HMO) (Northern California only). The vision care plan is provided by Superior Vision Services, Inc.


Short Term Disability (STD):

STD coverage is provided by the State of California Disability Insurance (SDI) or Worker's Compensation. A company-sponsored Base Short Term Disability Plan, paid by Logitech, provides 60% of weekly earnings and commission up to $2,079/week.


Long Term Disability (LTD):

This coverage, paid by Logitech, provides 66-2/3% of base monthly earnings plus commissions, up to $10,000/month. Benefits commence after 90 days of disability. The benefits are reduced when integrated with Workers' Compensation, State Disability Insurance (SDI), social security, or other income sources.


Basic Life and Accidental Death & Dismemberment (AD&D) Insurance:

Logitech pays for insurance equal to two times the employee's annual base salary plus commissions, up to a maximum of $500,000. Voluntary term life insurance for employees and their dependents, paid by the employee, is also offered.


Vacation and Sick Leave:

Eligible employees will earn combined vacation/sick leave hours from the first date of hire. Longer term employment provides an increase in the number of vacation/sick leave hours earned each year. Other paid time off includes bereavement, jury duty, and military leave.

Logitech Inc. offers eleven (11) paid holidays per calendar year.


Tuition Reimbursement Plan:

Logitech reimburses employees for a course of study that is degree-oriented and job-related, up to $5,000 each calendar year. Reimbursement is based on grades received for each course and includes tuition, registration fees, lab fees, books, and parking fees.


Employee Assistance Program:

The EAP is a confidential problem assessment, referral and counseling service available throughout the USA. It is designed to help employees and their dependents cope with balancing work and family activities.


Flexible Spending Accounts:

The Health Care Spending Account allows employees to use up to $2,500 per year of tax-free money to pay for most out-of-pocket health care expenses that are not covered by the medical, dental, and vision carriers.

The Dependent Care Spending Account allows employees to use up to $5,000 per year per family to pay for dependent care expenses that allow the employee and spouse to work or go to school.


Logitech Inc. Savings & Retirement 401(k) Plan:

Employees may contribute from 1% to 20% of their pay on a pre-tax basis. Logitech will match $0.50 for every dollar contributed up to 6% of earnings. Employees can invest contributions in any of the Plan's professionally managed funds, or they can self-direct contributions to any mutual fund, stock, or bond traded by Schwab.


Employee Share Purchase Plan:

The Logitech Employee Share Purchase Plan allows employees to purchase shares of Logitech stock through a payroll deduction of up to 10% of compensation at a share-price discount of 15%.


Pre-Paid Legal Plan (Hyatt Legal):

You will now be able to gain convenient access to quality, affordable legal services. For only $8.31 per payroll you can receive services for covered matters from experienced in-network attorneys at no charge or you may elect out of network fee reimbursement and use your own attorney. You can receive services on a wide range of legal issues such as Wills & Estate Planning, Debt Collection and Civil Lawsuits.


Long Term Care Insurance:

Long Term Care Insurance can help you maintain independence and protect your assets against the possible future expense of long-term care. With Long Term Care Insurance, you can get reimbursements or cash payments of up to $400 a day to pay for care in your home or any kind of care facility. Long Term Care Insurance pays when you or any other eligible family member need substantial assistance with at least 2 activities of daily living or require supervision due to cognitive impairment.