Olin salaried employees enjoy competitive salaries and generous benefits, in a challenging and positive work atmosphere. Headquartered in Clayton, MO, Olin has major facilities in Alabama, California, Canada, Georgia, Illinois, Louisiana, Mississippi, Nevada, New York, and Tennessee.
Health Care Coverage
The Olin Health Plan is a comprehensive medical plan with several options so that employees may select the option that is best suited to their individual or family needs. The options have varying levels of out of pocket amounts, such as premiums, deductibles, co-insurance and co-pays. HMO's are also offered at many of the Olin locations as an alternative to the Olin Health Plan.
New employees may enroll in any of the medical plans available when they are hired. Open enrollment takes place annually, so employees may change their coverage as their circumstances change.
Olin's Dental Assistance Plan is designed to assist employees in paying dental and orthodontic expenses. Two dental plan options are provided to employees. One option provides benefits based on a percentage of fees and requires an employee premium. The other dental plan option is provided at no cost to employees and benefits are paid according to a schedule. Both plans provide coverage for orthodontia, with a $1,500 per lifetime (paid in two installments of $750) for each covered person, including adults.
The Flexible Spending Account (FSA) enables you to use untaxed money to pay for a wide range of healthcare and dependent care expenses. Contributions to your FSA are automatically deducted from your pay before taxes are withheld and amounts withdrawn from the Flexible Spending Account to pay eligible expenses are not taxed.
Short Term Disability Plan benefits protect employees and their families in the event of illness or injury resulting in the inability to work. The Short Term Disability Plan pays 100% of base monthly pay for up to six months. Short term Disability coverage is provided by the company at no cost to the employees.
Long Term Disability Plan benefits are payable in the event disability continues after Short Term Disability expire. The Company provides free coverage equal to 60% of pay. Payments from Social Security, Workers Compensation, etc. are offset from all short and long term disability.
401(k) Savings Plan-Contributing Employees Ownership Plan (CEOP)
Employees may elect to invest a percentage of their base pay on a pre-tax basis, on an after tax basis, or as Roth contributions in any of the investment funds offered by the CEOP, subject to IRS regulations.
The Company makes contributions to a retirement contribution account that is included in the CEOP. If you are less than age 45, the contribution is 5% of your compensation. If you are 45 or older, the contribution is 7.5% of your compensation.
The Company Provided Life Insurance benefit is one times annual base pay, rounded to the next highest $1,000. Group Universal Life Insurance is available to employees, their spouses and children. Employees may purchase life insurance coverage of up to four times annual salary. Coverage is also available for the employees' spouse and children, in lesser amounts. Premiums are based on age and tobacco use. (The life insurance company's underwriting requirements must be satisfied.)
Accidental Death & Dismemberment benefits equal to two times annual salary, rounded to the next higher $1,000 are provided by the Company.
The Travel Accident Plan is provided at no cost to the employees and provides additional life insurance coverage of up to $200,000.
This information is a very brief summary of the benefits programs generally available to salaried employees at Olin Corporation. The formal plan documents are the only official statement of the benefits provided.
Olin Corporation is always looking for talented individuals to join our team. We regularly recruit at certain college campuses throughout the U.S., seeking individuals with the background, energy and creativity that will carry our company forward.
If you're a college student nearing graduation and are interested in learning if your talents might fit with Olin, please visit our job listing section and apply on-line.
"Olin is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law."