2022 Benefits

Enrollment
Guide
YOUR WELLNESS IS OUR FOCUS

MEDICAL DENTAL VISION PRESCRIPTION FSA LIFE DISABILITY 401(k)

January 1, 2022 - December 31, 2022

 What’s Inside
Eligibility. . . . . . . . . . . . . . . . . . . . 2
Benefit Changes. . . . . . . . . . . . . . 3
2022 Medical Plan Options. . . . . . 5
Medical Plan Summaries . . . . . . 6
Prescription Drugs. . . . . . . . . . . 7
Health Reimbursement
Arrangements. . . . . . . . . . . . . . 8
Health Savings Accounts . . . . . . 9

Welcome to your 2022

Dental. . . . . . . . . . . . . . . . . . . . . 10
Vision. . . . . . . . . . . . . . . . . . . . . 12

Employee Benefits!
Flexible Spending Accounts. . . . . 13
Basic & Voluntary Life Insurance. 14
Disability Insurance. . . . . . . . . . . 15
Apple Federal Credit Union takes into consideration our staff Voluntary Benefits. . . . . . . . . . . . 16
members' evolving needs, as well as ensuring a level of security
Employee Assistance Program. . . 18
and protection when making decisions regarding the benefits
Education Assistance. . . . . . . . . . 19
program being offered.
College Tuition Benefit. . . . . . . . 19
We recognize the important role employee benefits play as a
TravelAid Services. . . . . . . . . . . . 20
critical component of an employee's overall compensation. We
Retirement Savings. . . . . . . . . . . 21
also strive to maintain a benefits program that is competitive
within our industry. Paid Time Off. . . . . . . . . . . . . . . 23
Glossary of Terms. . . . . . . . . . . . 25
This benefits guide, together with other enrollment materials, are
Annual Notices. . . . . . . . . . . . . . 26
provided to help you understand your benefit choices and navigate
through the Open Enrollment / New Hire process.

Before you enroll, please read this guide to become familiar PLEASE NOTE: This booklet provides a summary
of the benefits available, but is not your Summary
with the benefit options. Your decisions will impact your benefit
Plan Description (SPD). Apple Federal Credit
selections and what you pay for these benefits. Union reserves the right to modify, amend,
suspend, or terminate any plan at any time, and
for any reason without prior notification. The
plans described in this book are governed by
Apple Federal Credit Union's People & Culture insurance contracts and plan documents, which
are available for examination upon request. We
have attempted to make the explanations of
1-703-225-0570 the plans in this booklet as accurate as possible.
However, should there be a discrepancy between
[email protected] this booklet and the provisions of the insurance
contracts or plan documents, the provisions of
the insurance contracts or plan documents will
govern. In addition, you should not rely on any
oral descriptions of these plans, since the written
descriptions in the insurance contracts or plan
documents will always govern.
2 Apple Federal Credit Union - 2022 Employee Benefits Guide

Eligibility
Full-time staff members with a regular schedule of 30+ hours per
week are eligible for the benefits described in this guide, unless
otherwise stated.

When Benefits Become Effective

Coverage for most benefit plans are effective on your date of hire. Part-
time staff members are only eligible for vision, voluntary insurance, and
retirement benefits.

Eligible Dependents
Your dependents are eligible to participate in Apple's benefit plans. Your
eligible dependents include*:
· A spouse to whom you are legally married.
· A
 dependent child under age 26. Coverage for all benefits will
terminate at the end of the month of the dependent’s 26th
birthday. Coverage may be extended past the age of 26 for disabled
dependents. Dependent children can include natural, adopted
children, and stepchildren.
Coverage for eligible dependents generally begins on the same day
your coverage is effective. Completed enrollment serves as a request for
coverage and authorizes any payroll deductions necessary to pay for that
coverage.
*Additional carrier conditions may apply and may vary by state.

Spousal Surcharge
If an employee enrolls their spouse in our medical insurance and that
spouse has access to enroll in insurance through their employer, a $35
per pay period surcharge is added to the premium.

Newly Hired/Eligible Staff Members

New hires and newly eligible staff members MUST complete enrollment
even if choosing to waive coverage in order to provide beneficiary
information for your company-paid life insurance.

Pre-Tax Benefits: Section 125

Apple's benefit plans utilize Section 125. This enables you to elect to pay premiums for health, dental, vision and flexible
spending account coverage on a pre-tax basis. When you use pretax dollars, you will reduce your taxable income and have
fewer taxes taken out of your paycheck. Under Section 125, you can actually have more spendable income than if the same
deductions were taken on an after tax basis.
Pre-tax Note: When you pay for your dependent’s benefits on a pre-tax basis you are certifying that the dependent meets
the IRS’ definition of a dependent. [IRC §§ 152, 21 (b)(1) and 105(b)]. Children/spouses that do not satisfy the IRS’ definition
will result in a tax liability to you, such as changing that dependent’s election to a post-tax election, or receiving imputed
income on your W-2 for the dependent’s coverage that should not have been taken on a pre-tax basis.
 2022 Employee Benefits Guide - Apple Federal Credit Union 3

Benefit Changes
The benefit elections you make during open enrollment or as a new
hire will remain in effect for the entire plan year. You will not be able to
change or revoke your elections once they have been made unless a life
event status change occurs.
For purposes of health, dental, vision and flexible spending accounts,
you will be deemed to have a life event status change if:
· your marital status changes through marriage, the death of your
spouse, divorce, legal separation, or annulment;
· your number of dependents changes through birth, adoption,
placement for adoption, or death of a dependent;
· you, your spouse or dependents terminate or begin employment;
· your dependent is no longer eligible due to attainment of age;
· you, your spouse or dependents experience an increase or reduction
in hours of employment (including a switch between part-time and
full-time employment; strike or lock-out; commencement of or return
from an unpaid leave of absence);
You must notify Apple's People &
· gain or loss of eligibility under a plan offered by your employer or
your spouse’s employer; Culture at [email protected]
· a change in residence for you, your spouse or your dependent within 30 days from a life event
resulting in a gain or loss of eligibility. status change in order to make a
In order to be permitted to make a change of election relating to your change in your benefit selections.
health, dental or vision coverage due to a life event status change,
the change must result in you, your spouse or dependent gaining or
losing eligibility for health, dental or vision coverage under this plan or
a plan sponsored by another employer by whom you, your spouse or
dependent are employed. The election change must correspond with
that gain or loss of eligibility.
You may also be permitted to change your elections for health coverage
under the following circumstances:
· a court order requires that your child receive accident or health
coverage under this plan or a former spouse’s plan;
· you, your spouse or dependent become entitled to Medicare or
Medicaid;
· you have a Special Enrollment Right;
· there is a significant change in the cost or coverage for you or your
spouse attributable to your spouse’s employment.

For purposes of all other benefits under the plan, you will be deemed
to have a life event status change if the change is on account of and
consistent with a change in status, as determined by the plan administrator,
in its discretion, under applicable law and the plan provisions.
4 Apple Federal Credit Union - 2022 Employee Benefits Guide

Benefit Changes continued...

Event Action Required Results If Action Not Taken

New Hire: Make elections within 30 days of hire date. You and your dependents are not eligible
Documentation is required. until the next annual Open Enrollment.
Marriage: Your new spouse must be added to your elections Your spouse is not eligible until the next
within 30 days of the marriage date. A copy of the annual Open Enrollment period.
marriage certificate must be presented.
Divorce: The former spouse must be removed within 30 days Benefits are not available for the divorced
of the divorce. Proof of the divorce will be required. A spouse and will be recouped if paid
copy of the divorce decree must be presented. erroneously.
Birth or adoption of a The new dependent must be enrolled in your The new dependent will not be covered
child: elections within 30 days of the birth and adoption, on your health insurance until the next
even if you already have family coverage. A copy annual Open Enrollment period.
of the birth certificate, footprints, or hospital
discharge papers must be presented. Once you
receive the child’s Social Security Number, be sure to
contact Apple FCU to update your child’s insurance
information record.
Death of a spouse or Remove the dependent from your elections within 30 You could pay a higher premium than
dependent: days from the date of death. Death certificate must required and you may be overpaying for
be presented. coverage.
Your spouse gains or Add or drop health benefits from your elections You need to wait until the next annual
loses employment that within 30 days of the event date. A letter from the Open Enrollment period to make any
provides health benefits: employer or insurance company must be presented. change.
Loss of coverage with a Change your elections within 30 days from the loss You will be unable to enroll in the benefits
spouse: of coverage. A letter from the employer must be until the next annual Open Enrollment
provided. period.
Changing from full-time Change your elections within 30 days from the Benefits may not be available to you or
to part-time employment employment status change in order to receive COBRA your dependents if you wait to enroll in
(without benefits) or information or to enroll in benefits as a full-time COBRA. Full-time staff members will have
from part-time to full- employee. Documentation from the employer must to wait until the annual Open Enrollment
time (with benefits): be provided. period.

If you Experience a Life Event Status Change

You must update your elections within 30 days of your life event status change or you will not be able to make changes
until the next annual open enrollment. If adding or removing dependents, you are required to submit specific documents to Apple
FCU. The change will be inactive until proper documentation is received and approved. For assistance processing life event status
changes, contact Apple's People & Culture at [email protected] or by calling 1-703-225-0570.
 2022 Employee Benefits Guide - Apple Federal Credit Union 5

Medical Coverage
Provider: Anthem Group: 0B3825
Apple is proud to offer you a choice between four different medical
plans, all of which feature access to Anthem providers including
specialists, without requiring referrals. The first plan utilizes the
Anthem HMO Network while the other three utilize the
Anthem KeyCare Network. You are not required to choose a
primary care physician. The plans include comprehensive medical care
and prescription drug coverage and offer many resources and tools
to help you maintain a healthy lifestyle.

Anthem HMO

The Anthem HMO plan is a Health Maintenance Organization plan, or

HMO for short. This plan features a $0 deductible for in-network
providers which means you are only responsible for copays and
coinsurance until the out-of-pocket maximum is reached. The HMO
network has a narrower network of providers, limited to Virginia, and
small parts of DC, Maryland, and West Virginia.

Waive Medical Coverage -

Anthem HRA $1500 Anthem HRA $3000 Cash Benefit
The two Anthem HRA plans feature lower monthly premiums in exchange Full-time staff members are eligible
for deductibles that must be met in order for coverage for most services to receive $1,000 paid out over the
to begin. These plans feature an employer-funded Health Reimbursement calendar year if they choose to waive
Arrangement (HRA). medical coverage. Proof of enrollment
HRA's are financial accounts that you can use to pay for qualified in medical insurance elsewhere
health care expenses. The HRA is funded and owned by Apple required (typically your ID card).
Federal Credit Union. Unlike an HSA or FSA, you cannot contribute Per pay benefit: $38.46.
funds to your Health Reimbursement Arrangement. The employer
contribution is 50% initially of the in-network deductible If you waive medical coverage, you can
but is prorated for entry into the plan after Jan 1. still enroll in dental, vision, and the
other benefits described in this guide.

Anthem HSA $3000 Cash benefit payments are

not backdated; once proper
documentation has been received, the
The fourth medical plan option features a deductible coupled with a
cash benefit payment will commence
Health Savings Account (HSA). HSA's are another type of financial
in the subsequent paycheck.
account that you can use to pay for qualified health care expenses.
This account can be funded by Apple Federal Credit Union with you, Should two staff members of Apple
but you own the funds. The employer contribution is 50% FCU decide to marry and elect to
initially of the in-network deductible but is prorated for participate in Apple FCU’s health plan,
entry into the plan after Jan 1. Apple’s contribution is funded the annual cash benefit is not eligible
incrementally with each pay period therefore funds will accumulate over for payment to either party.
time so you can use for qualified medical expenses.
6 Apple Federal Credit Union - 2022 Employee Benefits Guide

Medical Plan Comparison

Anthem Anthem HRA Anthem HRA Anthem HSA
HMO $1500 $3000 $3000
In-Network, You Pay: In-Network, You Pay: In-Network, You Pay: In-Network, You Pay:
In-Network Deductible
(Individual / Family) $0 / $0 $1,500 / $3,000 $3,000 / $6,000 $3,000 / $6,000
Apple Contribution to
HRA/HSA* (Individual / Family) n/a $750 / $1,500 $1,500 / $3,000 $1,500 / $3,000
Out-Of-Pocket Maximum
$3,500 / $7,000 $3,500 / $7,000 $4,250 / $8,500 $4,500 / $9,000
(Individual / Family)
Preventive Care
In-network preventive
care, screenings, and No charge No charge No charge No charge
immunizations are not
subject to deductible
Office Visits
Primary Care Doctor $15 copay 0% after deductible 0% after deductible 0% after deductible
Specialist $35 copay 0% after deductible 0% after deductible 0% after deductible
Retail Health Clinic $15 copay 0% after deductible 0% after deductible 0% after deductible
Online Visit $15 copay 0% after deductible 0% after deductible 0% after deductible
LiveHealth Online $10 copay 0% after deductible 0% after deductible 0% after deductible
Urgent Care Centers $35 copay 0% after deductible 0% after deductible 0% after deductible
Diagnostic Labs
No charge 0% after deductible 0% after deductible 0% after deductible
(non-hospital)
Emergency Room - Facility
$300 copay 0% after deductible 0% after deductible 0% after deductible
(copay waived if admitted)
Emergency Room -
20% coinsurance 0% after deductible 0% after deductible 0% after deductible
Physician & Other Services
Home Health Care
20% coinsurance 0% after deductible 0% after deductible 0% after deductible
Limited to 100 visits
Durable Medical Equipment 20% coinsurance 0% after deductible 0% after deductible 0% after deductible

Out-of-Network: Out-of-Network: Out-of-Network: Out-of-Network:

Out-of-Network Deductible
$1,000 / $2,000 $3,500 / $7,000 $6,000 / $12,000 $6,000 / $12,000
(Individual / Family)
Out-of-Network
Out-Of-Pocket Maximum $8,750 / $17,500 $8,750 / $17,500 $10,625 / $21,250 $11,250 / $22,500
(Individual / Family)
Coinsurance You Pay 30% after deductible 30% after deductible 30% after deductible 30% after deductible
* Apple's contribution to your HRA/HSA is prorated based on the date of entry into the plan.
This summary is for informational purposes only. For specific benefit information, please refer to the applicable insurance contract.

Anthem Anthem HRA Anthem HRA Anthem HSA

Plan Cost Per Pay
HMO $1500 $3000 $3000
Employee Only $54.16 $42.32 $28.83 $33.82
Employee + Spouse** $227.65 $177.83 $116.94 $137.18
Employee + Child(ren) $184.31 $143.97 $95.41 $111.92
Family $325.16 $254.01 $165.39 $194.01
**Spousal Surcharge: If an employee enrolls their spouse in our medical insurance and that spouse has access to enroll in insurance through their
employer, a $35 per pay period surcharge is added to the premium.
 2022 Employee Benefits Guide - Apple Federal Credit Union 7

Prescription Coverage
Provider: Anthem Group: 0B3825
Your prescription drug benefit is part of your medical plan. The Rx Mail Order Program
prescription drug formulary generally lists many drugs and ranks them in
groups described as tiers. Copayments and/or coinsurance is determined Save time and money by filling maintenance
by the tier in which the health plan will pay for, and prefer you use. drugs through the Mail Order Program.
To find individualized information on your benefit coverage, The Mail Order Program benefits members
determine tier status, check the status of claims and search for who are on long-term medications for
network pharmacies by logging on to www.anthem.com or by calling chronic conditions such as diabetes,
Anthem at 1-833-592-9956. high cholesterol, high blood pressure,
depression or asthma. Receive 90-day fills
Medicare Part D at a discounted price. Certain limitations
may apply, including, for example: prior
The prescription drug benefit is creditable coverage. Medicare-eligible authorization, step therapy, quantity limits.
participants need not enroll in a separate Medicare D drug plan.

Anthem Anthem HRA Anthem HRA Anthem HSA

HMO $1500 $3000 $3000
Combined with Combined with Combined with
Prescription Deductible None
Medical Medical Medical
Retail Copay - 30-day supply After Deductible: After Deductible: After Deductible:
Tier 1: Generic $10 copay $10 copay $10 copay $10 copay
Tier 2: Preferred Brand $40 copay $40 copay $40 copay $40 copay
Tier 3: Non-Preferred Brand $70 copay $70 copay $70 copay $70 copay
Tier 4: Specialty 20% up to $300 20% up to $300 20% up to $300 20% up to $300
Mail Order Copay - 90-day supply After Deductible: After Deductible: After Deductible:
Tier 1: Generic $25 copay $25 copay $25 copay $25 copay
Tier 2: Preferred Brand $100 copay $100 copay $100 copay $100 copay
Tier 3: Non-Preferred Brand $175 copay $175 copay $175 copay $175 copay
Tier 4: Specialty 20% up to $300 20% up to $300 20% up to $300 20% up to $300
This summary is for informational purposes only. For specific benefit information, please refer to the applicable insurance contract.

Save money with Generic Drugs

Generic drugs are made with the same active ingredients and produce the same effects in the body as their brand-name
equivalents. That’s because they’re held to the same federal standards for safety and performance as the brand names. Because
they’re not branded, generics can sell for 30 percent to 80 percent less than their brand-name equivalents.

GoodRx Mobile App

This is a great tool to use when you are on the HSA or HRA plans since 100% of
the cost is your responsibility when in the deductible phase. This could potentially
save you a lot money.
Regardless of which plan you decide to enroll in, we encourage you to download
and use the GoodRx Mobile App to help you save on your prescription drug
costs. Prices for prescription drugs vary widely between pharmacies. The cost of
a prescription may differ by more than $100 between two pharmacies across the
street from each other.
GoodRx doesn’t sell the medications, they will tell you where you can get the best
deal on them. GoodRx will show you prices, coupons, discounts and savings tips
for your prescription at pharmacies near you. Out of pocket dollars do not go
toward your annual deductible when using GoodRx coupons.
8 Apple Federal Credit Union - 2022 Employee Benefits Guide

Health Reimbursement Arrangements

Eligible if enrolled in: Anthem HRA $1500 or Anthem HRA $3000

If you enroll in the Anthem HRA $1500 or Anthem HRA $3000, a Health Reimbursement Arrangement (HRA) will be created
for you through Anthem Act Wise. An HRA is a financial account that you can use to pay for qualified health care expenses,
as defined by the Internal Revenue Service. The account is funded and owned by Apple Federal Credit Union. Unlike an HSA or
FSA, you cannot contribute funds to your Health Reimbursement Arrangement.
The employer contribution is 50% but after Jan. 1, it’s prorated and can be spent by you on medical expenses, and
even though Apple owns and funds the HRA, think of it as your money. By doing so, you’ll realize that spending your HRA funds
wisely can help you save money.

How the claim and billing process works

• You will use your HRA debit card to pay
If the service is covered and you used a network doctor or facility, Anthem applies the network discount. Preventive
care is covered at 100% and does not use HRA funds. If the claim is not for preventive care you will use your HRA debit
card to pay your bill until all of your HRA has been spent.

• Save your proof to show that you incurred an HRA-eligible expense

IRS rules requires that you used your debit card for an HRA-eligible expense and occasionally, Anthem will request that
you submit proof to substantiate your expense. Proof of purchase could include the following:
- An explanation of benefits (EOB) statement (available from Sydney app or Anthem.com)
- A receipt
- An invoice

• Once your HRA funds are exhausted, you will be billed

Once the HRA claim covered deductible has been paid by Apple, Anthem will notify you and the doctors the amount
you owe.

For more information or if you have any questions regarding your Health 1-833-592-9956
Reimbursement Arrangement, contact Anthem Customer Service at: www.anthem.com

* Apple's contribution to your HRA/HSA is prorated based on the date of entry into the plan.
 2022 Employee Benefits Guide - Apple Federal Credit Union 9

Health Savings Accounts

Eligible if enrolled in: Anthem HSA $3000

If you enroll in the Anthem HSA $3000 a Health Savings Account (HSA) will be created for you through Anthem Act Wise.
An HSA is a financial account that you can use to accumulate tax-free funds to pay for qualified health care expenses, as defined by
the IRS. The account is similar to a traditional savings account with a debit card. The money in the account is owned by you and is
fully portable. Funds can accumulate over time and roll over each year. If you use the funds for qualified health care expenses, you will
pay no taxes. If you use the money for other expenses, you will pay a tax and a penalty fee.

How You Save  SA Funds Remain

H Y
 ou Can Win With
With an HSA Yours to Grow an HSA
As an HSA user, you will save in With an HSA, you own the account Regardless of your personal
several ways: and all contributions. Unlike medical situation, an HSA can
· HSA contributions are not taxed flexible spending accounts (FSAs), empower you to maximize
· You earn tax-free interest on the entire HSA balance rolls over savings while building a reserve
HSA balances each year and remains yours even for the future.
if you change health plans, retire
· HSA funds used for qualified
or leave the company.
medical expenses are not taxed

Use your HSA for qualified medical expenses

HSA funds can be used for a variety of qualified medical, dental
and vision expenses; for yourself, your spouse, and your qualified
dependents. Eligible expenses include:
· B
 irth control · P hysical exams
· C
 hiropractor · P rescriptions
· C
 ontact lenses · S top-smoking programs
· D
 ental treatment · S urgery (non-cosmetic)
· P rescription eyeglasses · T herapy
· H
 earing aids · a nd more...

Apple Contribution to Your Health Savings Account:

$1,500 for individual

coverage $3,000 for all other
coverage tiers
You can choose to contribute additional funds to your HSA on a before-tax basis, up to the IRS annual maximums of $3,650
for individuals or $7,300 for families. The IRS maximums include Apple's contribution. If you are or will be age 55 or
over during the calendar year, you may also make a “catch-up” HSA contribution of an additional $1,000 each year.

* Apple's contribution to your HRA/HSA is prorated based on the date of entry into the plan.
Note: As a taxpayer, it is your responsibility to ensure that your HSA contributions do not exceed the maximum possible for your specific tax situation.
Please consult your attorney, CPA or tax adviser about your specific tax situation before deferring monies to your Health Savings Account. The benefits
of an HSA, who is qualified to have an HSA, etc. can be found in IRS Publication 969, beginning on page 2. https://www.irs.gov/pub/irs-pdf/p969.pdf
10 Apple Federal Credit Union - 2022 Employee Benefits Guide

Dental Coverage
Provider: Guardian Group: 00580043
You have a choice between two dental plans, both administered by Guardian.
The two plans are a Premium option and a Basic option. Both cover preventive
and diagnostic services at 100% up to R&C. Once you meet your deductible, the
plans provide coverage for a range of other services, including minor and major
restorative.
Go to www.guardiananytime.com to obtain or view your benefit summary,
locate in-network providers, view claims status and more. You can also call
1-800-541-7846 for more information.

Option 1: Premium Plan Option 2: Basic Plan

In-Network / Out-of-network In-Network / Out-of-network
Calendar Year Deductible
Individual $25 / $25 $50 / $50
Family (3 per family) $75 / $75 $150 / $150
Calendar Year Maximum Benefit $2,000 plus Maximum Rollover $1,500 plus Maximum Rollover
Preventive Services
(deductible does not apply)
Exams & cleanings, x-rays, flouride Covered 100% / 100% Covered 100% / 100%
treatments (to age 19), sealants, space
maintainers/harmful habit appliances
Basic Care (deductible applies)
Fillings, Perio Maintenance Procedure,
Periodontal Services, Periodontal Surgery,
Simple Extractions, Complex Extractions, Covered 100% / 80% Covered 90% / 80%
Endodontic Services (eg. Root Canal),
Repair & Maintenance of Crowns, Bridges &
Dentures, General Anesthesia
Major Services (deductible applies)
Bridges & dentures, implants, single crowns, Covered 60% / 50% Covered 60% / 50%
inlays, onlays & veneers
Orthodontia (coverage for children only, but
maintenance may continue as long as full Covered 50% / 50% Covered 50% / 50%
time student status is maintained)
Orthodontia Lifetime Maximum $1,500 $1,000

This Summary is for informational purposes only. For specific benefit information, please refer to the applicable Plan Document.

Plan Cost per Pay Option 1: Premium Plan Option 2: Basic Plan
Employee Only $3.91 $1.81
Employee + Spouse $11.87 $7.58
Employee + Child(ren) $13.49 $8.62
Family $19.54 $12.48
 2022 Employee Benefits Guide - Apple Federal Credit Union 11

Dental Maximum Rollover

Guardian’s oral health rewards program Sample plan: $1,500 annual maximum
encourages good oral care Year one: Jane starts with a $1,500 Plan Annual Maximum.
The connection between oral and overall wellness is clear. She submits $150 in dental claims. Since she did not exceed
Visiting the dentist regularly can help prevent and detect early the $700 Threshold, she receives a $350 rollover that will be
stages of many diseases and conditions. Guardian’s Maximum applied to Year Two.
Rollover Oral Health Rewards Program is a unique tool that Year two: Jane now has an increased Plan Annual Maximum
encourages and rewards members who visit the dentist. of $1,850. This year, she submits $500 in claims and receives
an additional $350 rollover added to her Plan Annual
How maximum rollover works Maximum.
· M
 embers simply submit a claim without exceeding the paid Year three: Jane now has an increased Plan Annual Maximum
claims threshold during the benefit year. of $2,200. This year, she submits $2,100 in claims. All claims
are paid due to the Maximum Rollover Amount accumulated.
· Guardian will roll over a portion of the unused annual
dental maximum into a personal Maximum Rollover Year four: Jane’s Plan Annual Maximum is $1,600 ($1,500
Account, which can be used in future years if the plan’s Plan Annual Maximum + $100 remaining Maximum Rollover
annual maximum is reached. Amount accumulated).
· A
 s an added advantage, more money is rolled over if in-
network dentists are used exclusively during the benefit
year.
· D
 epending on the plan’s annual maximum, if claims dollars
for the year don’t exceed a certain threshold, the set
Maximum Rollover Amount (pre-determined based on the
annual maximum) can be rolled over.

Premium Plan
Plan Annual Maximum Rollover In-Network Only Rollover Maximum Rollover
Threshold
Maximum* Amount Amount Account Limit
$2,000 $800 $400 $600 $1,500
Maximum Claims Claims amount that Additional dollars Additional dollars added to The Maximum Rollover
Reimbursement determines rollover added to Plan Annual Plan Annual Maximum for Account cannot exceed
eligibility Maximum for future future years if only in-net- $1,500
years work providers were used
during the benefit year

Basic Plan
Plan Annual Maximum Rollover In-Network Only Rollover Maximum Rollover
Threshold
Maximum* Amount Amount Account Limit
$1,500 $700 $350 $500 $1,250
Maximum Claims Claims amount that Additional dollars Additional dollars added to The Maximum Rollover
Reimbursement determines rollover added to Plan Annual Plan Annual Maximum for Account cannot exceed
eligibility Maximum for future future years if only in-net- $1,250
years work providers were used
during the benefit year

* If a plan has a different annual maximum for PPO benefits vs. non-PPO benefits, ($1500 PPO/$1000 non-PPO for example) the non-PPO
maximum determines the Maximum Rollover plan. May not be available in all states. Guardian’s Dental Insurance is underwritten and issued
by The Guardian Life Insurance Company of America, New York, NY. Products are not available in all states. Policy limitations and exclusions
apply. Optional riders and/or features may incur additional costs. Plan documents are the final arbiter of coverage. Information provided in this
communication is for informational purposes only.
12 Apple Federal Credit Union - 2022 Employee Benefits Guide

Vision Coverage
Guardian Vision Plan
As a vision care member, you'll receive access to great eyes
doctors, quality eyewear and lower out-of-pocket costs. To find
an in network provider, visit www.guardiananytime.com or call
1-800-627-4200. At your appointment, tell them you have
coverage with Guardian.
There is no ID card necessary. The carrier will handle the rest—there
are no claim forms to complete when you see a vision provider!

In-Network (Copay) Out-of-Network (Before Copay)

Copay
$10
Single
Eye Exams
$10 $50 max
Once every calendar year
Lenses
Once every calendar year
Single Vision Covered $48 max
Lined Bifocal Covered $67 max
Lined Trifocal Covered $86 max
Lenticular Covered $126 max
Contact Lenses Benefit**
Once every calendar year
Medically Necessary Covered (Copay waived) $210 max (Copay waived)
Elective Materials $150 max + 15% off balance
$105 max (Copay waived)
(Copay waived)
Elective Fitting and Evaluation Included in the Davis Vision Contact
Lens Collection when contacts are Not included
purchased.
Frames Benefit $150 retail max + 20% off balance $48 max
Costco, Walmart, Sam's Club Frame $150 retail max Not Covered

This Summary is for informational purposes only. For specific benefit information, please refer to the applicable Insurance Contract.
**In lieu of eyeglass lenses and/or frames

Plan Cost Per Pay Vision Plan

Employee Only $3.37
Employee + 1 $5.90
Family $8.77
 2022 Employee Benefits Guide - Apple Federal Credit Union 13

Flexible Spending Accounts

Provider: Employee Benefits Corporation
Flexible Spending Accounts (FSA’s) offer another way to save money on health
care and dependent care expenses. You may submit expenses incurred by any
of your dependents, whether or not they are covered by the insurance plans
you have through your employer. Staff members need not be enrolled in either
medical plan to participate in FSAs.
If you enroll, you fund the accounts via a payroll deduction each pay period.
Money that you contribute to your FSAs is not subject to social security taxes,
federal, and in most cases, state income taxes.

HRA HSA
Account Participants Participants How it works
Healthcare FSA Employee-funded. Can use funds for all healthcare related
✔ ✘ expenses. Federal regulations do not allow participation in an
HSA and this type of account.
Limited Purpose HCFSA Employee-funded. Specifically designed for participants
✘ ✔ enrolled in the Anthem HSA 3000 medical plan. Can use funds
for dental and vision only.
Dependent Care FSA Employee-funded. Can use funds for all dependent care
✔ ✔ related expenses such as day care, nursery school, or elder care.

Health Care Flexible Limited Purpose HCFSA Dependent Care Flexible

Spending Account (HCFSA) If you elect the Anthem HSA 3000 Spending Account (DCFSA)
Federal regulations do not allow medical plan, federal regulations restrict You may use pre-tax dollars from your
participation in an HSA and this type your participation in the traditional DCFSA to pay expenses for care when the
of account. Eligible health care expenses Healthcare FSA. However, you are services enable you and your spouse to
include many of the out-of-pocket eligible to participate in a Limited work outside of the home. These include
expenses you pay to maintain your Purpose Healthcare FSA for dental and expenses for the care of a dependent
health and well-being. These include vision expenses only. If you enroll in child, spouse or elderly parent inside
deductibles and coinsurance expenses the Healthcare FSA, your account will your home. Nursery schools and day care
not covered by your medical plan, automatically be set up as a limited- centers are also included.
expenses for glasses or contact lenses, use account. You can contribute up to
$2,750 for the 2022 plan year into Only the portion of expenses which
and more. You can contribute up to
your Limited Purpose HCFSA. enable you to remain employed are
$2,750 for the 2022 plan year into eligible. Educational expenses are not
your HCFSA. eligible. You can contribute up to $5,000
for the 2022 plan year into your
DCFSA, or $2,500 if you are married and
file a separate tax return.

“Use it or lose it” FSA Rollover Provision - HCFSAs only

Apple has elected to participate in the FSA rollover provision, allowing staff members to rollover up to $550 from one plan year to
the next. You must be enrolled in an HCFSA both plan years. You are still encouraged to consider your expenses carefully before
you decide how much to contribute to each Flexible Spending Account. As a reminder, your election will cover the period from
January 1 through December 31. You should not contribute more than you are reasonably certain to use.
14 Apple Federal Credit Union - 2022 Employee Benefits Guide

Basic Life Insurance

Provider: Guardian
Life insurance provides financial protection for your family in the event
of your passing. Apple offers all staff members life and accidental
death and dismemberment insurance through Guardian. Apple covers
the full cost of this benefit.
Benefit Amount: 2 times earnings up to $300,000
AD&D Benefit Amount: Equal to Life amount
Your benefits reduce by 35% at age 70 and 50% at age 75. Benefits
terminate upon retirement.

Plan Cost: 100% Employer Paid

Voluntary Life and AD&D Insurance

Provider: Guardian
Employee/Spouse Monthly
Increase Your Coverage Rate per $1,000 of Coverage
Age Bracket Rate
You may elect to increase your life insurance coverage for
<30 $0.061
yourself, your spouse and your dependent children – all at an
affordable group rate provided by Guardian. This coverage 30-34 $0.081
comes in the following increments: 35-39 $0.091

40-44 $0.101
Employee Voluntary Life/AD&D Insurance
45-49 $0.151
Benefit Amount: increments of $10,000
50-54 $0.232
Maximum Benefit: $500,000
Guaranteed Issue: $200,000 55-59 $0.434

60-64 $0.667
Spousal Voluntary Life/AD&D Insurance
65-69 $1.282
Benefit Amount: increments of $5,000
Maximum Benefit: $250,000 70+ $2.080

Guaranteed Issue: $200,000 Child $0.086

Spouse amount cannot exceed 50% of the employee’s Voluntary Life benefit. Employee and
$0.018
Spouse AD&D
Dependent Child Voluntary Life/AD&D Insurance Child AD&D $0.023
Benefit Amount: increments of $2,000
Maximum Benefit: $10,000
Guaranteed Issue: 14 days to 6 months: $1,000, 6 months to 26: $10,000
Child amount cannot exceed employee's Voluntary Life benefit.
 2022 Employee Benefits Guide - Apple Federal Credit Union 15

Short-Term Disability
Provider: Guardian
To ensure your income will continue if you are unable to work due
to a disability that extends for more than 14 consecutive days, Apple
provides short-term disability (STD) through Guardian. Benefits are
payable for a non-occupational injury or illness that keep you from
performing the normal duties of your job. If a medical condition is job-
related, it is considered Workers’ Compensation rather than STD.
Eligibility Waiting Period: 120 days of service
Benefits Start After: 14 days
Benefit Amount: 66.67% of pay up to $2,000 per week
Benefit Duration: Up to 11 weeks

Plan Cost: 100% Employer Paid

Long-Term Disability
Provider: Guardian
Long-Term Disability (LTD) insurance helps replace a portion of your income if you are disabled for an extended period of
time. Eligibility for long-term benefits are generally defined as, due to sickness or accidental injury which you are receiving
appropriate care and treatment; are complying with your treatment requirements and unable to earn more than 80% of
your predisability earnings.
Eligibility Waiting Period: 120 days of service
Benefits Start After: 90 days
Benefit Amount: 66.67% of pay up to $10,000 per month
Benefit Duration: The later of your SSNRA* or the Maximum Benefit Period.
*SSNRA means the Social Security Normal Retirement Age in effect under the Social Security Act on the Policy Effective Date.

Pre-Existing Condition Limitations

The carrier will not pay benefits for any period of Disability caused or contributed to by, or resulting from, a Pre-existing
Condition. A “Pre-existing Condition” means any Injury or Sickness for which you incurred expenses, received medical
treatment, care or services including diagnostic measures, took prescribed drugs or medicines, or for which a reasonable
person would have consulted a Physician within 3 months before your most recent effective date of insurance.
The Pre-existing Condition Limitation will apply to any added benefits or increases in benefits. This limitation will not apply
to a period of Disability that begins after you are covered for at least 12 months after your most recent effective date of
insurance, or the effective date of any added or increased benefits.

Plan Cost: 100% Employer Paid

To initiate a disability claim and leave of absence, please contact [email protected].

16 Apple Federal Credit Union - 2022 Employee Benefits Guide

Voluntary Benefits
Provider: Guardian
The following Voluntary Benefits can complement existing medical coverage and help fill financial gaps caused by out-of-pocket
expenses such as deductibles, co-payments, and non-covered medical services. Benefits are paid regardless of what is covered by
medical insurance. Payments are made directly to you, to spend as you choose.
All these plans are portable (you can continue coverage if you leave the company).

Critical Illness Hospital Indemnity

Accident Insurance Cancer Insurance
Insurance Insurance
Accident Insurance is Critical Illness Insurance is Help protect yourself and Hospital Indemnity insurance
designed to help covered designed to help you offset your family from the high is designed to help provide
individuals meet the out- the financial effects of a cost of cancer treatment financial protection by
of-pocket expenses and catastrophic illness with a with Guardian’s Cancer paying a benefit due to a
extra bills that can follow an lump sum benefit if you are Insurance. hospitalization and, in some
accidental injury, whether diagnosed with a covered cases, for treatment received
Below are some examples
minor or catastrophic. Lump critical illness. The benefit for an accident or sickness,
of covered incidents and the
sum benefits are paid directly is based on the amount of even if that treatment occurs
Benefit Amount that you will
to you based on the amount coverage in effect on the outside the hospital. You
be paid:
of coverage listed in the date of diagnosis or the may use the benefit to meet
schedule of benefits. The date treatment is received Radiation Therapy the out-of-pocket expenses
coverage is guaranteed issue according to the terms and Chemotherapy: and extra bills that occur.
so no health questions are provisions of the policy. S chedule amounts up Indemnity lump sum payments
required. to a $5,000 benefit year are paid directly to you
Both amounts are maximum regardless of the actual cost of
Below are some examples of Guaranteed Issue coverage.
covered accidents and the Your spouse will be offered Ambulance: treatment.
Benefit Amount that you will 50% and child(ren) will be $
 200/trip, limit 2 trips per
be paid: offered 25% of your benefit hospital confinement
amount. Child benefit Anesthesia:
Ambulance: 25% of surgery benefit
is included in Employee
$150
benefit. Attending Physician:
Burn – Skin Graft: $
 25/day while hospital
50% of burn benefit Below are some examples
confined. Limit 75 visits.
of the amount of coverage
Concussions: for critical illnesses (First Hospice:
$100 occurrence / Second $
 50/day up to 100 days
Eye Injury: occurrence) lifetime
$200 Blood/Plasma/Platelets:
Invasive Cancer:
Epidural Anesthesia Pain $50/day up to $5,000 per
100% / 100%
year
Management: Benign Brain Tumor:
$100, 2 times per accident Surgical Benefit:
75% / 0%
Schedule amount up to
Fractures: Skin Cancer: $2,750
Schedule up to $4,000 $250 / Not Covered
Hospital Admission: Heart Attack:
$750 100% / 100%
Outpatient Therapies: Stroke:
$25/day up to 10 days 100% / 100%
X-Ray: Organ Failure:
$30 100% / 100%
Kidney Failure:
Wellness Benefit for
100% / 100%
Annual Check-up:
$50 Wellness Benefit for
Annual Check-up:
$50
 2022 Employee Benefits Guide - Apple Federal Credit Union 17

Voluntary Benefits continued...

Accident Insurance Monthly Rates

Employee Only $10.48
Employee + Spouse $16.79
Employee + Child $18.07
Family $24.38

Critical Illness Insurance Employee Monthly Premium

Benefit Amounts <30 30-39 40-49 50-59 60-69 70+
$10,000 $6.70 $8.50 $15.30 $28.40 $49.40 $89.50
$20,000 $13.40 $17.00 $30.60 $56.80 $98.80 $179.00

Critical Illness Insurance Spouse Monthly Premium

Benefit Amounts <30 30-39 40-49 50-59 60-69 70+
$5,000 $3.35 $4.25 $7.65 $14.20 $24.70 $44.75
$10,000 $6.70 $8.50 $15.30 $28.40 $49.40 $89.50

Cancer Insurance Monthly Rates

Age Brackets 15-29 30-39 40-49 50-59 60-64 65+
Employee Only $1.96 $3.57 $7.56 $14.41 $23.63 $35.37
Employee + Spouse $3.78 $6.79 $14.49 $28.65 $48.20 $73.63
Employee + Child $4.03 $5.64 $9.63 $16.48 $25.70 $37.44
Family $5.85 $8.86 $16.56 $30.72 $50.27 $75.70

Hospital Indemnity Insurance Monthly Rates

Age Brackets <50 50-59 60-64 65-69
Employee Only $8.22 $8.56 $12.96 $24.18
Employee + Spouse $16.25 $17.25 $26.67 $49.93
Employee + Child $13.64 $13.99 $18.40 $29.62
Family $21.68 $22.69 $32.10 $55.36
18 Apple Federal Credit Union - 2022 Employee Benefits Guide

74.03.963.1-ARFL C (9/19)

Employee Assistance Program

Aetna Resources For Living℠

To access services: Apple Federal Credit Union

800-492-4357 (TTY: 711) Aetna Resources For Living is an employer sponsored
resourcesforliving.com program, available at no cost to you and all members of
Username: Apple Federal Credit Union your household. That includes dependent children up to
age 26, whether or not they live at home.
Password: 8004924357
Services are confidential and available 24 hours a day,
7 days a week.

Emotional well-being support

You can access up to 6 counseling sessions per issue • Relationship support • Anxiety
each year. You can also call us 24 hours a day for • Stress management • Substance misuse and
in-the-moment emotional well-being support. • Work/life balance more
• Family issues • Self-esteem and personal
Counseling sessions are available face to face or online
• Grief and loss development
with televideo. Services are free and confidential. We’re
always here to help with a wide range of issues • Depression
including:

Online resources Legal services

Your member website offers a full range of tools and You can get a free 30-minute consultation with a
resources to help with emotional wellbeing, work/life participating attorney for each new legal topic related to:
balance and more. You’ll find:
• General • Divorce
• Articles and self-assessments • Family • Wills and other document
•74.03.963.1-ARFL
Adult care and child care provider search tool
C (9/19) • Criminal law preparation
• Stress resource center • Elder law and estate • Real estate transactions
• Video resources planning • Mediation services
• Live and recorded webinars If you opt for services beyond the initial consultation you
• Mobile app can get a 25 percent discount.
Discount Center *Services must be related to the employee and eligible
Find deals on brand name products and services including household members. Work-related issues are not covered.
electronics, entertainment, gifts and flowers, travel, Discount does not include flat legal fees, contingency fees
fitness, nutrition and more. and plan mediator services.
myStrength
myStrength offers tools to improve your emotional Financial services
health and help you overcome depression, anxiety,
Simply call for a free 30-minute consultation for each new
stress, substance misuse and/or chronic pain.
financial topic related to:

Other services • Budgeting • Credit and debt issues

• Retirement or other • College funding
Identity theft services — One hour fraud resolution phone financial planning • Tax and IRS questions and
consultation or coaching about ID theft prevention and
• Mortgages and refinancing preparation
credit restoration. Services include a free emergency kit
for victims. You can also get a 25 percent discount on tax preparation
services.
MindCheck online tools make it easy to improve your
*Services must be for financial matters related to the
emotional well-being. Measure your mindset and get
employee and eligible household members.
feedback and resources to maintain a positive outlook.
 2022 Employee Benefits Guide - Apple Federal Credit Union 19

Education Assistance
As you spend time devoted to learning, the outcomes are Our Education Assistance program:
positive for your career and your overall lifestyle. Improving · Eligibile after 6 months of service
your career often trickles down to the rest of your life because · Full time reimbursement is up to $5,250 per calendar year
you’re more satisfied with your job, make more money, etc.
· Part time reimbursement is up to $1,500 per calendar year
Experts agree that learning should be a lifelong process, and · Technical (software, computer) training is up to $4,000 per
devoting time to continuing education can be a journey of calendar year
personal development.
· 24-month commitment to Apple after the end of each
Whether you want to learn more about a subject that you reimbursed class
find interesting or want some additional skills to take to your · G
 rades matter!
work, there are ways you can use continuing education to your A or B = 100%
advantage. C = 50%
D or F = 0%

See Staff Guidebook for complete details and eligibility.

College Tuition Benefit

Earn Tuition Rewards at over 400 Participating Private College and Universities!
Earn tuition points with Guardian! Guardian plan participants can get insurance that includes the College Tuition Benefit®, a
savings program offered in partnership with SAGE Scholars, Inc. Much like a frequent flier program, you’ll earn Tuition Rewards®
points that can be redeemed for tuition discounts at more than 400 participating private colleges and universities.

How Tuition Rewards work

· Members enrolled in Guardian insurance plans earn 2,000 Tuition Reward
points annually, per product.
· Each Tuition Reward Point equals $1 in tuition reduction.
· Rewards increase each year, never expire and members keep them forever.
· Guardian Dental members receive a bonus of 2,500 Tuition Reward Points
after year four.
· Members can allocate rewards to their children, grandchildren, nieces/
nephews, godchildren and stepchildren.

Employees can check their company's plan details to see which

Guardian coverages include College Tuition Benefit. Enroll today on
www.guardiananytime.com
20 Apple Federal Credit Union - 2022 Employee Benefits Guide

TravelAid Services
TravelAid provides an emergency response network around-the-clock and around-the-world (domestic and international) to ensure
that business travelers are not left on their own when they need help the most, whether for a medical emergency or to replace
travel documents.

Travel Planning Emergency Response

· Travel intelligence, alerts and destination information · 24/7 multi-lingual assistance operations
· P re-travel immunization information, health planning, and · Emergency travel arrangements
travel medical kits · Emergency prescription replacement
· International medical insurance and claims administration · Lost document assistance
· P reventive security training, assessments, and contingency
planning Specialized Security Resources
· Executive protection services · A
 vailable for sensitive and complex emergency security
situations
Worldwide Physician and Hospital Referrals · Available at all times for a safe and speedy response
· Qualified hospitals and facilities · Embassy and consular assistance
· Multi-lingual services at medical facilities
· Patient accommodations and accessibility Medical Transportation Services
· Qualified and responsive personnel worldwide
· Up-to-date equipment and technology
· International and regional providers
 2022 Employee Benefits Guide - Apple Federal Credit Union 21

401(k) Retirement Savings Plan

401(k) Plan Provider: Fidelity How to access my 401(k)?
You can access your 401(k) profile
Sometimes the little things in life make the biggest difference. That's true when it after 1 month from date of hire at
comes to saving for retirement too. www.401k.com.
Apple offers a 401(k) plan and provides a 100% company match on the first 5%
of total compensation that a staff member contributes to the plan. · Y
 our initial account ID is your
Social Security number, but you
· Employees are eligible on the first of the month following 30 days of service can create a different one.

· Eligible new hires are automatically enrolled with a 3% pretax deferral election. · F or any problems with online
access, call Fidelity at
· Employee contributions increase 1% each year up to 10% unless staff member 1-800-421-3844.
opts out

· Pre-Tax and Roth options How to make changes to

· Rollover options available my 401(k)?
To change your contribution
· The employer match will start after 6 months of service election amount to the desired
percentage:
· The plan provides graduated vesting on all company matching contributions
at 20% each year until 5 years when the employer matching contribution
becomes 100% vested · Go to www.401k.com

· C
 lick on Quick Links >
One-on-one support Contribution Amount.

As a benefit of your plan, Fidelity representatives are available to help you create a · A
 s a good practice, periodically
retirement savings strategy that’s right for you and your goals. review your contributions and
plan elections.
Call 800-603-4015 to start your one-on-one conversation.

Fidelity representatives are specially trained, have a detailed knowledge of your

workplace savings plan, and can assist with a range of needs, including:

· Enrolling in your plan and discussing an asset allocation that may be right for
you

· Putting a plan in place that balances the needs of your life today with your
needs in retirement

· Helping you understand how much you’ll need to retire, the steps you can take
to get there, and what your income may look like in retirement

· Helping you balance multiple financial goals, such as paying for college, buying
a home, or building an emergency fund

You can also call your plan’s toll-free number for easy access to basic account
information.
22 Apple Federal Credit Union - 2022 Employee Benefits Guide

Pension Retirement Plan

Pension Plan Provider: Pentegra

Apple contributes generously to a defined benefit pension plan for

all qualified employees. A pension is a career reward plan because
pension benefits are based on salary and years of service with your
employer, generally, the longer you work for your employer the greater
your benefit will be. And while the value of this benefit may not be
fully visible in the early years of your career, the longer you work for
your employer, the more significant it will become. It is Apple’s way of
saying “thanks” for your important contributions during your career.

· Eligible after 1 year of service and 20 ½ years old

· No cost to staff members. This benefit is 100% Employer Paid
· Paid to you in retirement; amount is based on service and salary
· 5
 -year cliff vesting schedule. According to this schedule, you will
become 100% vested after 5 years of service, and 0% vested before
completing 5 years. If you terminate employment prior to satisfying
the minimum vesting requirements, no benefit will be due to you
under the Plan.

Are pension benefits guaranteed?

Once you are vested in the plan, you are entitled to a guaranteed
retirement benefit. In fact, a pension plan is the only type of retirement
plan that provides the security of a guaranteed retirement benefit. Your
pension plan is designed to provide you with a guaranteed income
at retirement, and if you choose, the life of your beneficiary. What
is more, your benefit is insured (up to certain limits) by the Pension
Benefit Guaranty Corporation, a U.S. government agency.

What should I do when I’m ready to retire?

Your personal annual benefit statement provides an estimate of what
you can expect. When you are ready to retire, you can request a benefit
calculation which will provide you with the exact amount of income
to which you are entitled by contacting Pentegra’s Benefit Calculation
Department at 1-800-872-3473. Pentegra will prepare a calculation for
you including all of the payment options your employer has adopted as
part of your plan. Remember, you do not have to choose a payment
option until you’re ready to retire, when you’ll be in a better position to
evaluate which option makes the most sense for you.
 2022 Employee Benefits Guide - Apple Federal Credit Union 23

Paid Time Off

Apple believes that staff members should have opportunities to enjoy time away from work to help relax and balance their lives.
For this reason, all staff members are encouraged to take time off from work.

Full-Time Staff Members

Eligible staff members will accrue 3.69 hours per paycheck of vacation leave. Accrual rate increases with years of employment on
the staff member’s work anniversary date. A maximum of 96 bonus vacation hours may be accrued.

Sick
The availability and use of sick leave is an extremely valuable staff privilege which is available to full-time staff members. Sick leave
is designed to provide income for hours missed from work due to personal illness; it may not be used in place of other types of
paid time off such as Vacation Leave or Personal Leave.
Eligible staff members will accrue 3.69 hours per paycheck of sick leave. There is no maximum amount of sick leave accrual.
Sick leave may be used only for an absence due to a staff member’s illness or injury or that of a family member who resides in the
staff member’s household. It may also be used for a staff member’s medical or dental appointments for a family member who
resides in the staff member’s household.

Personal Leave
In addition to vacation and sick leave, full-time staff members will also receive 16 hours of personal leave per calendar year, which
may be used at their discretion, pending supervisory approval. Personal leave hours are earned on January 1 of each year and
reported in the first pay period of the year which includes January 1. Personal leave hours must be used in the year in which they
are earned, and are not carried forward into the next year, meaning this is a use it or lose it leave. Staff members hired in the first
quarter of the calendar year will receive 16 personal leave hours for the year. Staff members hired in the second quarter of the year
will receive 8 personal leave hours for the year. Staff members hired in the third and fourth quarter of the year receive no personal
leave hours for that year.

Rollover Limit – At the end of the calendar year, accumulated vacation leave in excess of the maximum of 240 hours will be
paid out at a staff member’s current rate of pay in his or her final paycheck of the year as it will not be carried forward into the
next calendar year.

Sellback Option – Full-time staff members may sell back accrued vacation leave in excess of 80 hours at 100 percent of their
regular hourly rate at the time of the request. Leave may be sold back in any biweekly pay period. Staff members who wish to sell
back leave must complete and submit to People and Culture a Leave Sell Back Request Form, by the last Friday of a biweekly pay
period to receive payment for the upcoming pay date. Sold-back leave is subject to income taxes and withholding as with any income.
24 Apple Federal Credit Union - 2022 Employee Benefits Guide

Paid Time Off continued...

Part-Time Staff Members

Part-time Staff Members’ vacation accrual is calculated as the percentage of time worked multiplied by the regular benefit. The
benefit increases with each year of employment. For example:
· A staff member working 25 hours per week with 1 year of employment would be eligible for 7.5 vacation days
(25⁄40 x 12 days)
· A staff member working 25 hours per week with 5 years of employment would be eligible for 10 vacation days
(25/40 x 16 days)

Holidays
The credit union generally observes the same paid holidays as the Federal Reserve. In January of each year, P&C will publish a
schedule of the holidays, including the dates on which they will be observed. Usually, Apple FCU observes the following eleven
(11) paid holidays:

• New Year's Day • Labor Day

• Martin Luther King Day • Columbus Day

• President’s Day • Veterans Day

• Memorial Day • Thanksgiving Day

• Juneteenth Day • Christmas Day

• Independence Day

For detailed information on holidays, please refer to the Staff Guidebook.

Apple People & Culture: 1-703-225-0570 [email protected]