Compensation & Benefits

Compensation

At Pioneer, we believe that the skill and hard work of our dedicated employees bring about our business success. Therefore, you'll be rewarded for your performance with a competitive compensation package that includes base pay and variable compensation (bonus). Annual rewards are based on business financial goals, and specific individual and team performance goals.

Health and Wellness Benefits

New employees are eligible for coverage on the date of hire. Pioneer offers several health care options and insurance plans that include:

• Medical Coverage
• Prescription Drugs
• Dental Insurance
• Vision Plan
• Mental Health Coverage
• Long-term Care for Employees and Dependents

Pioneer is recognized as a Platinum Gold Well Workplace from the Wellness Council of America for our innovative Preventive Health Services Program. Safety, health, and your working environment are important, so Pioneer invests in ergonomic workstations, onsite health and wellness programs, and safety education.

Disability Plans

Short and long-term disability programs are provided for regular employees at no cost. Under short-term disability, you'll receive 80 percent of your annual base pay for up to 180 days for qualified disability. Long-term disability starts at the 181st day, with the plan paying 60 percent of base pay. A supplemental disability plan is available for eligible employees at the employee’s cost.

Financial and Retirement Security

We provide several ways for you to secure your financial future. Retirement benefits at Pioneer include:

401(k) Savings Plan
The 401(k) retirement savings plan is a voluntary savings plan that allows you to set aside a portion of your pre-tax earnings for retirement. Pioneer will match 100 percent of the first four percent of your contribution. After working 1,000 hours within a 12-month period, you may contribute up to 100 percent of your eligible pay to the 401(k) plan. Contributions are on a pre-tax basis, so tax liability is not incurred until the money is withdrawn at retirement. There are a number of investment options to choose from, including DuPont stock. The Pioneer 401(k) plan is administered by Vanguard, a financial services industry leader.

Pension Plan
Pioneer provides a pension plan at no cost to our employees. This is a defined benefit plan that provides retirement income based on years of eligible service, retirement age and income level. You'll start participating after working at least 1,000 hours during the 12 months following your date of hire. Vesting occurs after five consecutive years of eligible service. You must be at least 55 years old to be eligible for pension benefits.

Roth 401(k)
The Roth 401(k) contribution is made on a post-tax basis and applies to the same contribution maximums as the pre-tax contribution and the same company match is provide on eligible pay. The plan provides an opportunity for almost all employees to diversify their tax risk by saving money now on an after-tax basis.

Retiree Medical and Life Insurance Benefits
Currently, Pioneer provides generous medical and life insurance protection to eligible retirees, at age 55 with five or more years of service.

Life Insurance

Pioneer provides life insurance equal to two times annual base wage. Employees in most states can apply for group universal life of up to five times annual base wage. Spouse and dependent life insurance is also available in most locations.

Flexible Spending Accounts

Flexible Spending Accounts (FSAs) can save you money through pre-tax contributions. Pioneer offers both health care and dependent care FSAs. Under these accounts, you can elect to have contributions deducted from your check, on a pre-tax basis, to use for medical, dental, and vision expenses, child and elder care, and other eligible expenses.

Time Away From Work

Pioneer provides generous paid time off for time away from work including:

• Paid Time Off
• Paid Holidays
• Personal Illness Time
• Funeral Leave, Jury Duty, Military Duty Leave
  

Other Benefits

Pioneer offers many other unique benefits including:

• Employee Tuition Reimbursement
• Employee Assistance Program
• Merchandise Discounts
• Matching Gifts Program
• Employee Volunteer Grant Program