AUTO-ENROLLMENT
A policy through which employees are automatically enrolled in a program unless they take action to decline enrollment. The intent for purposes of this Indicator is to remove barriers to employees’ enrollment in the deferred compensation offerings and establish enrollment as the default condition.
IMMEDIATE ELIGIBILITY
For purposes of this Indicator, immediate eligibility means that benefit accrual begins within 30 days of the first day of employment.
NATIONAL RETIREMENT PROVISIONS OUTSIDE OF THE UNITED STATES
The threshold percentages for each performance level remain the same, whether or not certain contribution percentages are stipulated by national law. Where pre-determined by government plans, auto-enrollment and immediate eligibility requirements may be waived, and organizations may be eligible to achieve Level 4 without auto-escalation if the total contribution defined in the plan is 15% or more. In countries where the government provides employee retirement or pension benefits, these may be included in the percentage of the organization’s coverage.
SCOPE OF EMPLOYEES
Indicator metrics apply to all employees (see definition in the General Clarifications)
