Eaton's comprehensive benefits package - medical, dental, vision, life insurance, disability, retirement savings plans and more - offers flexibility, choice and value. We know that, as a significant part of Eaton's total compensation package, good benefit plans are important to employees and their families.

( Note: The benefit plans and programs summarized here are governed by official plan documents and may not apply to all employees, including certain employees covered by collective bargaining agreements and contract, leased or temporary employees. Eaton may change provisions of the benefit plans, policies and programs at any time for any reason.)

Flexible Benefits Help Employees Find Coverage That's Right for Them

Eligible employees can tailor a program that meets their changing needs and lifestyle from an assortment of healthcare and income - protection plans available in the Eaton Flexible Benefits package.

Medical - Eaton offers Preferred Provider Organization (PPO) and Health Maintenance Organization (HMO) plans, depending on location. Most of the cost of this coverage is paid by Eaton.

Dental - Coverage includes benefits for most dental expenses, including regular exams and orthodontia. Most of the cost of this coverage is paid by Eaton.

Vision - This optional, employee-paid coverage contributes toward the cost of annual eye exams, glasses and contact lenses.

Life and AD&D Insurance - Eaton pays the cost of life insurance to cover an amount equal to the employee's annual base pay. Seven additional optional coverage levels are also available. Accidental death and dismemberment insurance (AD&D) is paid by Eaton to cover up to two times annual base pay, with additional coverage options available. Optional employee-paid coverage is available to insure an employee's spouse and dependent children.

Disability - Eligible employees continue to receive a portion of their pay if they cannot work due to illness or injury. The Short-Term Disability Plan (STD) covers up to six months of disability. Long-Term Disability Plan (LTD) benefit payments begin after six months of continuous disability. Eaton covers the cost of LTD coverage equal to 55% of annual base pay. Additional employee-paid LTD coverage options are also available.

Flexible Spending Accounts – The Eaton Flexible Benefit accounts allow employees to pay for certain out-of-pocket healthcare and dependent care expenses with before-tax dollars.

Total Retirement Resources – The Power to Save, the Power to Build, the Power to Choose - Eaton's Total Retirement Resources package lets employees save and invest for their futures, build retirement income in savings and pension plans, and choose the investment options and benefit payment options that are right for them.

The Eaton Personal Pension Account - Eligible employees are automatically enrolled in this account-based pension plan. Each month, accounts accumulate “pay-based credits” of 5% to 8% of eligible pay, depending on an employee’s age and years of service. In addition, accounts earn monthly interest credits. The benefit is “portable,” meaning employees can take their vested benefit when they leave Eaton, even if they leave before retirement. Or, they can leave the account where it is and let it earn interest until they’re ready to draw retirement benefits. Eaton generally pays the full cost of this plan, and bears the investment risk. Fidelity Investments serves as the administrator for the plan, providing personal account information and retirement planning resources online or by phone.

Other Eaton Pension Plans – Employees not eligible for the Eaton Personal Pension Account may be eligible to participate in other Eaton pension plans, depending on employment status and location.

The Eaton Savings Plan (ESP) and Eaton Personal Investment Plan (EPIP) - These savings plans allow employees to build personal portfolios that fit their needs while saving on a before-tax and/or after-tax basis. Over 100 investment funds are available in both the ESP and EPIP plans. In the ESP, Eaton contributes a company match of 100% on up to the first 3% of employee contributions, and matches 50% on the next 2% of employee contributions. Fidelity Investments serves as the administrator for the plans, providing investment education and retirement planning resources in addition to daily transaction processing online or by phone.

Employee Assistance Program (EAP) - Eaton pays the full cost for this program, which includes confidential services for employees and their dependents who need personal counseling, child and elder care information, and legal and financial services.

Wellness Programs and Concierge Services - Work/Life Solutions also offers wellness programs and "concierge" services, such as restaurant listings, travel arrangements, home maintenance providers and tickets for special events.

Other Work/Life Solutions include:

• Adoption Benefits
• Holidays
• Leaves of Absence
• Paid Vacation
• Tuition Reimbursement

Note: The benefit plans and programs summarized here are governed by official plan documents and may not apply to all employees, including certain employees covered by collective bargaining agreements and contract, leased or temporary employees. Eaton may change provisions of the benefit plans, policies and programs at any time for any reason.