With over 5,600 Massey Members in West Virginia, Kentucky, and Virginia, Massey Energy is one of the regions largest private-sector employers. Massey Members receive an average of $52,000 per year in salary. All Massey Members also participate in the Total Retirement Income Program. This program includes: a generous pension plan, a voluntary 401(k) plan with matching contributions from the company, and contributions on Members’ behalf to Social Security.
Just as impressive, Massey Members participate in one of the nation’s best healthcare plans with no monthly premium. The company provides complete medical, prescription drug, dental, and vision coverage to its Members and their families. Massey Members and their family members also enjoy use of the West Virginia Family Wellness Center. The Wellness Center is one of southern West Virginia’s premier medical facilities.
Members are eligible to participate in a Health Care Spending Account that allows them to set money aside from their paycheck, before most taxes are taken out, to use for eligible out-of-pocket health care expenses that are not paid by benefit plans, but are considered tax deductible by the IRS.
Massey Energy also offers its employees a unique discounted home and automobile insurance plan.
In some cases, Members are able to reduce their insurance premium by 10% to 45%. Members benefit from special group rates; employment discounts based on years of service at Massey; multiple policy discounts; and automatic payroll discounts.
Basic Life and Accidental Death and Dismemberment insurance are provided to all Members at no cost as well as many other benefits.
Together, Massey’s compensation and healthcare plans represent a significant investment by the Company in its Members.
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