Benefits
Current Paid Leave Bank based on completed years of service from 20 days at 1 year to 35 days per year for employees with 25+ years of service; Extended Leave Bank for serious conditions; 10 paid holidays per year
Cafeteria plan offering group medical, dental, life, vision, AD&D; premiums can be paid on a pre-tax basis; cost is shared between Company and employee
Health Care Reimbursement: Pre-tax dollars set aside by the employee to pay approved expenses related to health care, e.g., prescriptions, over-the-counter medications, glasses, contacts, doctor co-pays, surgery expense not covered under Insurance, etc.
Dependent Care Reimbursement: Pre-tax dollars set aside by the employee to pay approved expenses related to dependent care, e.g., child care, etc.
Long-term savings vehicle for employees; Company matches employee contributions with Energen stock at 50% up to the first 6% the employee contributes; Company also makes ESOP contribution based on the employee’s age, ranging from 3% of pay up to 7% at 65 years and older; vested after 3 months in plan; employee contributions may be invested in numerous investment funds; currently administered by Vanguard
Confidential counseling for employees and family members to include marital, financial, legal, substance abuse, grief, elder care, and any other issue affecting the employee’s quality of life
If the employee is approved as disabled, the employee receives monthly disability payments based on income at the time of the disability; the disability decision is reviewed and must be recertified annually
Defined dollar benefit, funded solely by the Company, based on years of service and earnings at retirement; vested after 5 years; early retirement as early as age 55 with at least 10 years of service; lump sum option available
Surviving spouse receives 50% of vested employee’s pension benefit calculated at time of death; spouse begins receiving benefit if employee is at retirement age (55) at the time of death, or at the time the employee would have reached age 55
Pays 75% for books, tuition and fees for approved courses, related to the Company’s business, completed with a grade of C or better, or a Pass in a Pass/Fail grading system
Company pays $200 per year toward the fee for an employee to participate at an approved Fitness facility
Employees receive a service award (gift certificate for $10 per completed year of service) at intervals of every 5 years of completed service
Energen awards scholarships every year to 5 Energen sons or daughters, based on selection by an outside college scholarship vendor
Energen matches 100% for employee and retiree contributions of $25 or more to approved charitable organizations, up to a maximum of $15,000 per year per employee |
08/23/2010
Energen Unit to Acquire Permian Basin Properties in Wolfberry Trend
08/20/2010
Energen to Present at EnerCom Oil and Gas Conference
08/16/2010
Energen to Present at Tuohy Brothers Conference
07/28/2010
Energen Declares Quarterly Cash Dividend
07/28/2010
Energen's EPS Flat in Second Quarter due to Non-cash Charge
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