Dresser-Rand offers a comprehensive employee benefits program as part of the company’s total compensation package. We also offer optional benefits to help meet your unique personal and family needs. We are committed to providing you with a foundation of income protection in the event of death or disability and for expenses associated with catastrophic illness or injury.
- Prescription drugs
- Health savings account
- Flexible spending accounts (including dependent care)
- Comprehensive wellness program
- Employee assistance program
- Life and Income Protection
- Accidental death and dismemberment (AD&D) insurance
- Dependent life and AD&D insurance
- Short-term and long-term disability programs
Company-sponsored retirement benefits are offered to employees. These programs may vary based on business area. Employees may need to satisfy certain service requirements to become participants and receive vesting credit in these plans.
You can defer up to 50 percent of your eligible compensation toward your retirement, subject to IRS limits, into a qualified Retirement Savings or 401(k) Plan. There are currently 12 Core and 11 Target Retirement Investment Fund options in which you can choose to invest your retirement savings.
Company contributions of up to seven percent of eligible compensation are also available to eligible employee groups.
Time Away from Work
Eligible employees earn comprehensive leave each pay period. Comprehensive leave provides paid time off for vacation, personal business, and short-term illness. Accrual rates vary, based upon years of service with the company. Most Dresser-Rand employees are eligible for ten holidays during the year.
- Tuition reimbursement
- Continuing education
- Professional opportunities
Dresser-Rand believes that knowledgeable and talented employees are critical to our success and future growth. All full-time employees are eligible for tuition reimbursement to encourage self-development through academic learning. We encourage employees to continue gaining knowledge and building skills to improve career development and personal growth.
This summary is an overview. The terms and conditions of the benefits described are determined solely by the related Summary Plan Descriptions (SPDs) or plan documents and Summaries of Material Modifications (SMMs) thereof. In the event of any inconsistent provisions, the language of the plan documents applies. As in the past, the company reserves to itself, pursuant to its sole and exclusive discretion, the right to change, amend or terminate this plan according to the terms of the applicable plan documents and subject to any collective bargaining agreements. Benefits described herein may not automatically apply to employees at all locations or employees covered under collective bargaining unit or implemented offer.