SRP benefits
SRP offers competitive pay and a comprehensive benefits package. Eligible employees are
covered on their first day of employment for most benefits.
SRP recognizes work output, rewarding skill, initiative, teamwork and flexibility. When dollars are
available, a salaried pay system allows supervisors to give a little more each year to employees
who demonstrate those competencies.
Pay raises for hourly employees are set by contract, but the opportunities to advance ride on the
same characteristics.
SRP offers an Incentive Pay Plan that is tied to SRP’s operating margin and employee performance.
If SRP exceeds its projected target, the IPP is funded and awards of up to 9% of regular pay are
based on performance measures. The IPP goals focus on customer service satisfaction, safety and
completion of individual goals.
All regular full-time, 3/4-time, and 1/2-time employees are eligible to participate in the SRP Health
Care Program. Eligible employees can choose between three different medical options, two dental
options, and a medical reimbursement account. SRP also offers vision and hearing aid benefits to
eligible employees. Some options require employees to contribute to the cost of the benefit. Other
plan options, including single medical and dental options, are provided to eligible employees at no cost.
SRP offers several pre-tax benefits to eligible employees. Eligible employees can choose
from before-tax and after tax benefits under the SRP Health Care Program, the SRP Medical
Reimbursement Tax Saver Plan, and the SRP Dependent Care Assistance Tax Saver Plan.
These Tax Saver Accounts (TSAs) allow eligible employees to pay for out-of-pocket health
care and dependent care expenses with pre-tax dollars.
All SRP employees are eligible to participate on their first day of employment. SRP makes
matching contributions up to the first 6% of employee contributions after one year of service. Employees are 100%
vested in their own contributions and their earnings, SRP's matching contributions, and the earning
thereon. The Plan has withdrawal and loan features.
Paid vacation is available after the first six months of employment to all eligible employeees.
Employees with less than 5 years of service are eligible to take two weeks of paid vacation each year.
Additional weeks become available as service increases.
SRP observes eight scheduled holidays each year and three flexible holidays. There is no waiting
period to be eligible for any of SRP's eight scheduled holidays. After six months of employment,
employees become eligible for the flexible holidays.
Sick leave accumulates at a rate of one day per month for regular full-time employees.
The accumulation rate for 3/4-time and 1/2-time employees is prorated. Employees are
eligible for sick leave pay after six months of employment.
SRP offers a life and accidental death and dismemberment (AD&D) insurance program.
Eligible employees are automatically enrolled in the basic life and AD&D program.
Eligible employees can also elect additional levels of life insurance and dependent life insurance
by paying a premium.
- Short-term disability: This coverage provides income protection of 60% of an eligible employee's weekly base pay after 21 calendar days of approved disability, or after all accumulated sick time is used, whichever is longer. The premium for this benefit is paid by the employee.
- Long-term disability: This coverage provides income protection of 60% of an employee's monthly base salary after 90 calendar days of approved disability. SRP pays 100% of the premium.
- Optional long-term disability: Optional LTD provides an additional 10% of coverage, bringing the LTD benefits to 70%. Eligible employees can elect and pay the premium for optional long-term disability (LTD) coverage.
SRP pays the entire cost of the Retirement Plan, which provides a monthly pension benefit to
eligible participants. Normal retirement age is 65, although there is no mandatory retirement
age at SRP. Retiree medical coverage is also available.
In addition to the benefits listed above, SRP employees enjoy a variety of other benefits, such as education and career advancement opportunities, employee recreation, and options to create a better work/life balance. Find out more about life at SRP.
You can submit your resume online by visiting our careers page. Simply choose the "Job openings" option and follow the instructions to upload your resume.
SRP is an Affirmative Action/Equal Opportunity employer.