US_New_Hire_Orientation

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U.S. Benefits
New Hire Orientation
Effective January 1, 2013
U.S. Benefits
Health & Welfare
Savings & Retirement
Other Benefit Plans
Variable Cash Incentive Program
2
Health & Welfare Benefits
Medical Options
• High Deductible Health Plan (HDHP) - with or without
Health Savings Account (HSA)
• Preferred Provider Organization (PPO)
Dental Options
• ConocoPhillips (CP) Dental
• Preventive Dental
Other Health & Welfare Benefits
• Life Insurance
• Disability Coverage
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Benefits Enrollment
Now is your time to enroll!
 You have 30 days from your hire date to enroll in your medical, dental and
flexible spending account (FSA)
 You will receive an email with enrollment instructions. If you don’t have a
company email address a letter will be mailed to your home.
 You can enroll by logging onto HR Express > Health & Welfare > Your Benefits
Resources
Other benefits to consider within your first 30 days
 Enrolling in the below benefits within 30 days allows you to avoid having to
provide medical evidence of insurability
Long-Term Disability (LTD) – Income replacement during extended disability
Long-Term Care (LTC) – Benefits for convalescent facility
Supplemental Life and AD&D – Additional benefits over the company basic benefits
More information
 hr.conocophillips.com
 Employee Benefits Handbook
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Online Resources
Visit hr.conocophillips.com
 Benefit Highlights and Rates
 Summary Plan Descriptions
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Medical Option Highlights
Annual Premium (monthly)
You only / You +1 / You +2 or more
(Know Your Numbers Participant)
HDHP with HSA
PPO
$0 / $0 / $0 – NO COST TO YOU!
($0 / $0 / $0)
Plan Summary
$960 / $2,592 / $3,660
( $80 / $216 / $305)
Plan Summary
HSA Company Contribution
$500 / $750
Not Available
Deductible*
Network / Non-Network
• $1,400 (you only)
• $2,800 (other coverage levels)
• $700 / $1,400 (you only)
• $1,400 / $2,800 (other coverage levels)
* Includes medical & prescription drug costs
* Includes only medical costs
• $4,000 / $5,000 (you only)
• $8,000 / $10,000 (other coverage levels)
• $3,000 / $5,000 (you only)
• $6,000 / $10,000 (other coverage levels)
* Includes medical & prescription drug costs
* Includes only medical costs
Preventive Medical Care
No Deductible - (annual wellness
exam, mammogram, etc.)
• Covered at 100% (network)
• Covered at 100% up to $1,500 (nonnetwork)
• Covered at 100% (network)
• Covered at 100% up to $1,000 (nonnetwork)
Physician Visits
(non-preventive)
• 20% after deductible (network)
• 40% after deductible (non-network)
• $25 copay primary care; $50 copay
specialist (network)
• 40% after deductible (non-network)
Out-of-pocket Maximum*
Network / Non-Network
Surgery, Hospitalization,
Emergency, etc.
20% after deductible (network)
40% after deductible (non-network)
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Prescription Drug Benefits
HDHP
Preventive
Prescription
Drugs
No deductible for certain preventive
prescription drugs
No cost up to $1,500 per person per year
Thereafter, you pay 20% coinsurance up
to the annual out-of-pocket maximum
Other Prescription
Drugs
You pay the full amount until you reach
the deductible (combined with medical
expenses)
After deductible, you pay 20%
coinsurance until you meet your annual
out-of-pocket maximum (combined with
medical expenses)
After you reach your annual out-of-pocket
maximum, the plan pays 100% for the
rest of the calendar year
PPO
No preventive prescription allowance
Retail – up to 30-day supply:
Generics: $10 copay
Preferred Brand: 40% coinsurance ($25
minimum and $125 maximum)
Non-Preferred Brand: 50% coinsurance
($50 minimum and $250 maximum)
Mail – up to a 90-day supply:
Generics: $20 copay
Preferred Brand: 40% coinsurance ($50
minimum and $250 maximum)
Non-Preferred Brand: 50% coinsurance
($100 minimum and $500 maximum)
*Your costs are not limited by an annual out-of-pocket
maximum
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What is an HSA?
HSA – Health Savings Account
•
•
•
•
It’s a “Piggy bank” for health care expenses – now and in the future
Contributions to account made by ConocoPhillips and you
Interest bearing and investment opportunity
Balance carries over from year to year for you or your family’s
future use (not “use it or lose it”)
• Can change the amount you contribute to the HSA at anytime during the year
Triple Tax Savings
• Pre-Tax contributions
• Tax-Free interest/investment earnings
• Tax-Free distributions when use for qualified medical, dental or vision expenses
How do I get the money out of my account
• Debit card
• Checks
More Information
• Chase HSA
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Dental Option Highlights
Preventive Dental Option
CP Dental Option
$0 / $0 / $0
($0 / $0 / $0)
Plan Summary
$88.80 / $180.00 / $314.40
($7.40 / $15.00 / $26.20)
Plan Summary
Annual Premium (monthly)
You only / You +1 / You +2 or more
Deductible
None
• $50 Individual
• $150 Family Maximum
Annual Maximum Coverage Per
Person
• $2,000
• $2,000
Preventive Care
• Oral Exams
• Cleanings
• X-rays
No deductible. Preventive Network services covered at 100%
Basic Services
• Fillings
• Routine Extractions
• Anesthesia
• Periodontics
Not Covered
20% after deductible
Major Services
• Crowns/Dentures
• Implants
• Oral Surgery
Not Covered
50% after deductible
Orthodontia Services
$2,000 Lifetime Limit Per Person
Not Covered
50% after deductible
Non-network benefits subject to reasonable and customary limits
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Health Management & Wellness
ConocoPhillips has a long term strategy to:
 Increase awareness of health risks
 Help actively engage participants in maintaining or changing the status of
their health
 Hold participants accountable for the costs of their
decisions/behaviors
2012 – Know Your Numbers…do your part
 Employees hired after 5/1/2012 will automatically receive a $50 per
month credit towards 2013 medical premiums
2013 – Know Your Numbers…do your part and take action
 Engage in a variety of activities, tracked through Healthways, to earn
future and more incentives towards 2014 medical premiums
The goal is early identification and treatment of preventable diseases
so we have healthy and productive employees
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Life Insurance
Life Insurance:
 Basic - One times annual pay; Company paid
 Supplemental - Up to eight times annual pay; employee paid
 Dependent – Two options
Option
Spouse
Children
High
$75,000
$25,000
Low
$40,000
$15,000
Occupational Accidental Death:
 Benefit of $500,000; Company paid
Accidental Death and Dismemberment (AD&D):
 Coverage of $20,000 to $1 million; employee paid
 Family coverage available; employee paid
Additional information at: Life Insurance
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Disability
Short-Term Disability (STD or “sick time”):
 52 weeks:
 Up to 26 weeks at 100% pay (depending on credited service)
 Remaining weeks at 60% pay
 Company paid
Long-Term Disability (LTD):
 Basic benefit – 50% of pay; nontaxable
 Enhanced benefit – 60% of pay; nontaxable
 Employee paid
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How to Enroll
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How to Enroll
The Your Benefits Resources (YBR) website has:
Modeling tools to help you make smart choices for your benefits
Links to helpful resources
Information about costs of enrollment
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Cost Comparison Tool Available on YBR
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U.S. Benefits
Health & Welfare
Savings & Retirement
Other Benefit Plans
Variable Cash Incentive Program
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ConocoPhillips Savings Plan
ConocoPhillips offers a generous company match
 For every $1 you put in up to 1% of pay, the company will
contribute $9
Match will be deposited every pay period and will follow the
employee’s contribution allocation
Immediate eligibility/participation
 No auto-enrollment feature so employees need to enroll to
participate
Immediate 100% vesting in company match
For complete details, see the SPD at: Savings Plan
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How to Enroll
In order to participate you must enroll!
 Enrollment and investment options are administered by Vanguard
 Enroll early to take full advantage of the Company 9% match!
Online
 Logon through HR Express through www.vanguard.com and provide:
 Your SSN
 If you do not have an SSN use your employee ID number preceded by 999
 The ConocoPhillips Savings Plan number – 092538
Telephone
 Call 1-800-523-1188
 If you have your PIN already, you may use the automated VOICE Network service
24/7 to enroll
 If you do not have a PIN, you may speak with a Vanguard associate weekdays
from 7:30 a.m. to 8 p.m. Central Time
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ConocoPhillips Retirement Plan
ConocoPhillips Cash Balance Account (CBA)
 Pay credits recognize both age and service (one “point” each
year of service plus age)
– Under 44 points - 6% pay credit
– 44 through 65 points - 7% pay credit
– 66 or more points - 9% pay credit
 Interest credits are based on 30-year Treasury rate
 Cash Balance Account is 100% vested in 3 years
Participation in the retirement plan is automatic based on eligibility;
no action is required on your part
Company paid
Eligible 1st of the month following hire date
For complete details, see the SPD at: ConocoPhillips Cash Balance
Account
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ConocoPhillips Retirement Plan – How your Account Grows
Example
 Birth year = 1987 (26 Age Points)
 Service year = 2013 (0 Service Points)
 Monthly salary = $3,000
 Monthly pay credits = $180 (6% X $3,000)
 30 year treasury rate = 4.72% (Monthly Equivalent 0.3851%)
Month
Int. Credit
Pay Credit
Total
Value
July
$0.00
$180.00
$180.00
$180.00
August
$0.69
$180.00
$180.69
$360.69
September
$1.39
$180.00
$181.39
$542.08
October
$2.09
$180.00
$182.09
$724.17
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ConocoPhillips Retirement Plan – Total Value at Retirement
Example: Cash Balance Account
 Assuming:
 Age 25 start date
 Age 60 retirement date
 $36,000 starting salary
 4% annual salary increase
 7.5% annual target bonus (VCIP)
 5% interest crediting rate
Estimated value of cash balance account at age 60 retirement $458,000
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U.S. Benefits
Health & Welfare
Savings & Retirement
Other Benefit Plans
Variable Cash Incentive Program
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Time Off - Vacation
After 90 days continuous service new employees are awarded
vacation
Vacation in the first year of employment may be prorated based
on hire date
Years of
Service
Eligible Days of
Vacation
Maximum
Vacation Limit
Month of
Hire
% of Full
Vacation
1-4
10
20
Jan - Mar
100%
5-9
15
25
Apr - June
75%
10 - 19
20
30
Jul - Sept
50%
20 - 29
25
35
Oct - Dec
0%
30 +
30
40
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19/30 Program
Requirements
 Must work an extra 30 minutes each day (lunch period does not qualify)
 19/30 day cannot be split between days
 Cannot be carried over from month to month
 Scheduled like vacation with supervisor approval
Applies to regular full-time employees at sites that have
adopted the program
Voluntary participation, if it aligns with the work practices of the
group
Supervisor approval required
See Time Off & Pay Policies for more details
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Additional Time Off Policies
Holidays
Serious Illness in Family
Death in Family
Personal Leave/Sabbaticals
Flexible core working hours
Part-time regular work schedules
Family Medical Leave (FMLA)
Disability Leave
Military Leave
Community Service Leave
Excused Leave with Pay and Hardship Assistance
NOTE: Some policies may not be applicable to some sites. You should consult
your HRBP for further details.
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Other Benefits and Programs
Flexible Spending Accounts (FSA)
 Health Care Flexible Spending Account (maximum of $2,500)
 Dependent Day Care Flexible Spending Account (maximum of $5,000)
Long-Term Care (LTC)
 Benefits for convalescent facility or home health care
 Employee paid
Employee Assistance Plan (EAP)
 5 face-to-face visits per family member / problem / year
 Work life programs
 Company paid
For more information: hr.conocophillips.com
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U.S. Benefits
Health & Welfare
Savings & Retirement
Other Benefit Plans
Variable Cash Incentive Program
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Variable Cash Incentive Program (VCIP) Design
VCIP
Annual Cash Incentive
Measures performance versus company objectives
Focuses employee actions and behaviors toward a common goal
Target Payout
 Target percentage of base salary depending on Salary Grade Level
 Varies from country to country based on national survey market data
Corporate
Performance
50%
Award Unit Metrics
Performance for
Operating BU’s
50%
Executive
Leadership
Team
assessment
0-200% of
target
Overall
Company
payout results
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Contacts and Resources
For Information About:
Resource
How to Contact or Learn More
Enrolling/changing health and welfare
benefits during the year, including
dependents; pension information
YBR or the Benefits
Center
YBR through HR Express or directly at:
http://resources.hewitt.com/conocophillips
800-622-5501
HDHP and PPO benefits, claims, network
providers and ID cards
Aetna
800-738-7674 or www.aetnanavigator.com
Aetna network health care providers
Aetna
http://www.aetna.com/docfind/custom/conocophillips/
Eyewear discount
Aetna
800-793-8616 or www.aetnanavigator.com
Prescription drug benefits/orders
Express Scripts/Medco
800-770-2810 or www.express-scripts.com
Health Savings Account (HSA)
Chase
866-566-7101 Current Chase HSA Card Holder
866-674-3223 Prospective Chase HSA Card Holder
www.jpmorgan.com/conocophillipshsa
EAP, mental health and substance abuse,
work life programs
ValueOptions
866-241-4080 or www.achievesolutions.net/conocophillips
CP Dental and Preventive Dental benefits,
claims, and network providers
MetLife
800-328-2166 or www.metlife.com/mybenefits
Savings Plan
Vanguard
800-523-1188 or www.vanguard.com
ConocoPhillips Plan #092538
Flexible Spending Accounts (FSAs)
Aetna
888-238-6226 or www.aetna.com/fsa
Life Insurance and Long-term disability
(LTD) insurance
MetLife
800-243-8786
HR Policies
ConocoPhillips
hr.conocophillips.com – external website
Time off and pay – internal website
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Disclaimer
This is a high-level overview of ConocoPhillips compensation and
benefit plans, policies and programs, intended to serve as a general
orientation for employees.
If there are any discrepancies between this presentation and the
official plan, policy or program documents, the terms of the official
plan, policy or program documents will govern actual compensation
and benefits. ConocoPhillips reserves the right to amend, modify or
terminate any of the plans, policies or programs at any time with or
without notice.
The tax references contained in this document refer to tax laws in
existence as of the date of this presentation.
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