GE : imagination at work - General Electric

职 业 加 油 站 Career DevelopmentFAQs“My Benefits”Program LaunchedOn January 1, 2012, GE China officially launched its brand new “My Benefits” plan for employees atthe professional band and above. From intensive nation-wide communications to the meticulousmonitoring of the setup, the HR team has been working hard to make this program a success. Nowthat the annual registration is closed, an accurate summary of the “My Benefits” program can beproduced, allowing us to learn about employees’ top concerns and needs. We interviewed the HRteam responsible for this project, and got the scoop on the new Benefits plan.Will the GE Saving Plan be suspended in 2012?Yes. The GE Saving Plan was suspended as of January 1, 2012.The “My Benefits” platform replaces the previous program.The remainder of your 2009 Plan was paid out in February 2012,and 2010 and 2011 contributions will be paid separately inFebruary 2013 and 2014 respectively.I’m a newcomer to GE in 2012. What kind of flexible Benefits plancan I enjoy?- Please visit the GE China Employee Benefits website to registerfor a “My Benefits” option within 60 days of coming onboard.You can buy commercial insurance for yourself or your familyand the cost will be deducted from your after-tax salary.- You will begin to accumulate credits points after your probationperiod and you will also qualify to apply for a retirementincome accumulation plan (RIAP) account.- Registration for the Flexible Spending Account (FSA) andTip: Please contact your HR manager to change your maritalstatus to “married” before you purchase commercial medicalinsurance for your spouse. Please also submit the purchaserequest within 30 days after your baby is discharged from thehospital if you want to purchase commercial medical insurance.I chose the family physical examination card. When will I receiveit and how do I use it?The family member physical examination card is currentlybeing printed and will be delivered to employees based on theiraddresses saved on the "My Benefits” website as of April 2012.This card is valid from June 1, 2012, to May 31, 2013. People whorequire physical examinations need to make a reservation viaphone or Internet 2-5 days before the visit. For more informationregarding the reservation process, please visit the “My Benefits”website.Widely Accepted and EmployeeInvolvementAccording to statistics, more than 70% of employees at theexamination cards for my parents with my Benefits creditsand really appreciate the new policy that allows me to helpmy family live a healthier life.”physical examination cards is limited to the duration of theannual registration period. A new employee onboard in 2012may register for the FSA option or physical exam cards at theend of 2012 during the annual registration period.The current maximum for commercial medical insurance annualpayment limit is RMB 20,000. If the actual medical costs are morethan RMB 20,000, is it true that China Life Insurance won't pay inexcess of RMB 20,000?professional band and above chose the individual BenefitsThe HR Department will continue to improve upon the new policyIf the actual costs exceed RMB 20,000, you can apply to Chinaplan. The Benefits team was pleased by the relatively highwhile collecting more feedback as the new program rolls out.Does the FSA account invoice title have to be written using theLife Insurance to use your General Public Insurance and theparticipation rate.company name or employee name or child of employee’s nameSpecial Public Insurance through your HR Department. For moreTop Rated OptionsGreat Efforts Guarantee SuccessGE China is one of the first places to carry out the Flexible(children insurance and education payout)?The employee’s name or the employee’s child’s name is acceptable.information please see the GE Employees Commercial InsuranceWelfare Manual 2012.According to statistics, the most popular Benefit options are:Benefits Plan. According to the HR Department, preparation workHow will I be reimbursed after purchasing or using high-endAfter making the purchase, when do I receive my credit balanceFlexible Spending Account (FSA), commercial medical insurance,for the project has been ongoing over the past year and a half.commercial medical insurance for my family?for my Benefit account?and the family physical examination cards.To cater to employees’ needs, many experts took great efforts onThe reimbursement procedures are the same as normalThe credit balance in 2012 in your Benefit account will be paid• The popular Flexible Spending Account (FSA) was chosenconducting conceptual studies and designs, selecting suppliers,commercial medical insurance, but you need to fill out a “high-endout to you during the February 2013 pay period.mostly by younger employees. According to statistics, morethan 60% of employees under 35 years old chose the FSAoption.• Commercial medical insurance is traditionally the mostand designing and testing systems. More than ten seminars werealso held to acquire feedback from employees.To make sure that all employees understand the new plan, themedical plan" claim form separately. The form will be attached inthe GE Employees Commercial Insurance Welfare Manual 2012.You can also download the form from the “My Benefit” website.popular option to be chosen by employees. This optionprovides health coverage for employees and their families.• Including the family physical examination cards into theBenefits Plan was a welcome addition by employees in Beijing,Guangzhou, Shanghai and Chengdu. “I bought physicalHR Department held more than 30 lectures called “My Benefits” inmore than ten major cities, which were attended by almost 4,000employees. The HR Department will answer common questionshere to help employees understand the plan.How do I buy commercial medical insurance for my new spouseor newborn baby? Can I use the Benefit Credit to buy it?Yes, you can use your Benefit Credit to purchase commercialmedical insurance.39 LIFE at GELIFE at GE 40