Benefits Summaries

Benefits are a key part of Evraz compensation, and are provided to employees regularly scheduled to work at least 20 hours per week. Evraz pays the major part of the cost of health care insurance, and maintains most other benefit plans at no cost to employees. On average, Evraz spends 40% for benefits on top of wages - or, stated another way, for every dollar in wages, the Company pays an additional 40 cents for benefits.

1.  Health Care Insurance

For Medical Insurance, new employees have a choice between:

• Kaiser Foundation Health Plan – the Company pays the entire cost of the monthly premium for this deductible plan, plus the ODS Dental or Kaiser Dental Plans – you have no payroll deduction. There is no co-pay for preventive health office visits; co-pays for primary care office visits are $15, and specialists $25. Vision care and prescription drugs are included in this Plan.
  
  
• Oregon Steel Mills Health Plan – A Preferred Provider Organization that offers a network of physicians and hospitals to choose from. Your payroll deduction (using pre-tax money) of OSM Health plus ODS or Kaiser dental plan below is: $42/mo employee only; $86 employee plus spouse or employee plus child(ren); $120 for family. Vision care and prescription drugs are included in this Plan.
  
  
• Health Savings Account/High Deductible Health Plan – Provides flexibility for employees who seek to control their health care costs and save money for medical expenses during retirement. There is no payroll deduction. Vision care and prescription drugs are included in this Plan.

For Dental Insurance, you have a choice between:

• ODS Plan – This plan pays 100% for eligible Preventive Care (i.e. routine exams, etc.); 85% for Basic (e.g., fillings) and 60% for Major restorative care (e.g., crowns); and 50% up to $2,000 for orthodontia.
  
  
• Kaiser Dental Plan– This plan provides preventive, diagnostic and restorative services for $5 per visit at 10 Kaiser dental facilities in the Portland/Vancouver area. This plan pays 80% for endodontics and 50% for prosthetic devices, and 50% up to $3,000 for orthodontia.

Insurance is effective the first of the month following date of hire. With proof of other insurance, you may waive medical and medical/dental insurance and receive up to $250/mo. in additional taxable wages.

Medical and Dental Plan Comparison - PDF.

2.  Life Insurance

Evraz provides life insurance coverage and AD&D coverage for you equal to 2 times annual base pay, up to $500,000 coverage effective first day of work. Additional amounts may be purchased at group rates without a medical questionnaire during the initial enrollment period (guarantee issue).

3.  Sick Days & Short Term Disability

Employees are eligible for 40 hours of sick leave per year. After 1 year of service, if an employee must be absent due to illness or injury, up to 26 weeks at 66 2/3% of wages is available.

4.  Long Term Disability

After 1 year of service, plan provides 60% of base salary if a disability lasts longer than 6 months. In cases of total disability, the plan may pay until you are eligible to draw retirement benefits.

5.  Retirement Program

401(k) Plan - Employees are automatically enrolled with a 5% deferral unless they opt out. Evraz matches your 5% with an additional 5%, for a total of 10%. You may contribute up to $16,500 in 2010 on a pre-tax basis. Employees age 50 and over may defer up to an additional $5,500 under a “catch-up” program. (There is no match on the “catch-up” program.) You direct the investment of your savings and can choose from 14 investment options; you initially are placed in a managed retirement trust fund. There is no monthly participant fee to you - the Company pays that cost.

Retirement Account - You receive a year-end contribution from the Company of 3% of your pay, and are vested for this benefit after 3 years of service. As with the 401(k) Plan, you direct the investment of your account, choosing from the same investment options as the 401(k) Plan. (Effective for new employees hired after 8/31/05; employees hired before 9/1/05 participate in Pension Plan.)

6.  Vacation

Paid vacation can first be taken in the calendar year following the year of hire and is a pro-rata portion of 2 weeks, depending on how long employed during the first year. Thereafter, 2 weeks are available at the first of each year. You move to 3 weeks per year in the year in which your 6th anniversary occurs; to 4 weeks the year in which your 10th anniversary occurs; and to 5 weeks the year your 25th anniversary occurs.

7.  Holidays

10 paid holidays per year.

8.  Employee Assistance Program

You and/or family members in need of personal counseling or assistance can take advantage of this Program. It is administered by an outside professional firm. Up to 5 counseling sessions are available at no cost to you. All services provided are treated confidentially and the identity of clients is not revealed to Evraz.

9.  Flexible Spending Accounts

These accounts let you use pre-tax money to pay for family medical, dental, and vision expenses not covered by insurance, e.g., deductibles and co-payments, up to $5,000 per year. They can also be used for child/eldercare expenses up to $5,000 per year.

10.  Long Term Care Insurance

This is custodial care for people who are unable to perform activities of daily living. During your initial enrollment period, you are able to purchase the insurance at group rates and are automatically eligible regardless of your health history.

11.  Wellness Program

Annual fitness testing including health risk appraisals and health coaching are provided. Monthly wellness seminars are conducted.

12.  Educational Assistance

EOS encourages you to seek additional training and education. After one year, you are eligible for reimbursement of up to 90% of tuition, fees and books for classes taken at accredited schools and colleges, provided that management has agreed that such study will help you in your present position, or in some other position at EOS which you might hold in the future.

13.  TriMet Annual Passport

Employees receive free an annual all zone passport for use on TriMet buses, Max, and streetcars.

This is a summary only. For more complete information, please refer to the Summary Plan Descriptions.