Schlumberger – OFS1 / New to Canada Payroll … to Canada Employee Benefit...Schlumberger-Private Agenda Schlumberger’s Flexible Health Benefits - New to Canada? - Flex Benefit

Schlumberger – OFS1 / New to Canada Payroll Employee Benefit Presentation 2018

Schlumberger-Private

Agenda Schlumberger’s Flexible Health Benefits - New to Canada? - Flex Benefit Options – Health, Dental, Insurance & Disability - How to select the right benefits for you - How to Enroll online - Managing your claims throughout the year - Additional Employee Benefits Schlumberger’s Financial Benefits - Defined Contribution Pension Plan (DCPP), Deferred Profit Sharing Plan (DPSP) - Group Registered Retirement Saving Plans (RRSPs), Tax Free Savings Accounts (TFSA) - Discounted Stock Purchase Plan (DSPP) Websites & Questions


New to Canada?

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Provincial Health Care Plans The Schlumberger group health plan works in conjunction with the government sponsored health plan You must be a member of the provincial healthcare plan to participate in the Schlumberger group plan To apply and obtain a provincial health care card visit Service Canada: https://www.canada.ca/en/health-canada/services/health-cards.html

https://www.canada.ca/en/health-canada/services/health-cards.html


The group & government plan work together! The government provides coverage for some medical services

including doctor visits and hospital stays – just show your provincial healthcare card!

The Schlumberger group plan provides supplementary coverage for items such as prescription drugs, dental treatments, and paramedical services.


Flex Benefit Options – Health, Dental, Insurance & Disability

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Introduction to Flex Benefits

You have a variety of benefits to choose from Schlumberger provides you with enough flex dollars to pay the full

cost of option 2 for both health and dental coverage You also receive additional flex dollars to use where you choose Each benefit has different options with different price tags If you have leftover flex dollars, you can deposit them into your

Health Care Spending Account (HCSA) or Wellness Spending Account (WSA)

What you don’t pay for with flex dollars, you can cover with payroll deductions


Your Benefit Choices

Enroll online by click ‘First Time User’ 1-2 weeks after your start date

Or enroll 2 – 4 weeks after your start date. You will receive an Enrollment Package – with a copy of the Enrollment Guide and a letter with your temporary PIN to access the online enrollment tool

You will have 30 days from the date listed on your letter to enroll Your benefit choices will be in effect from your hire date or first day

on Canada payroll until the end of the plan year (December 31) Any claims incurred after your start date, can be claimed once you

are set up in the system


How to Enroll


How to Enroll

www.slb-benefits.ca


How to Enroll (continued)

Step 1: Log on Go to the Employee Self

Service website You can sign on from any

computer with Internet access Use your General Identification

Number (GIN) and your enrollment PIN to log on

If you have forgotten your PIN, just click on “I Forgot My PIN” on the home page https://schlumberger.seb-admin.com



Step 2: Select your benefits The enrollment website will guide you to Verify your contact information Verify your dependent information Choose your benefit options for you

and your dependents Review your beneficiary(ies) Allocate any excess flex dollars to

your HCSA or Wellness Account

https://schlumberger.seb-admin.com



Step 2: Select your flex benefits Save your choices if you need to leave

the YBR website before you have completed your enrollment

You can continue where you left off next time you log on

Once you click on “OK” your choices will be saved and will become your coverage for next year

https://schlumberger.seb-admin.com



Step 3: Complete your forms You may need to complete

beneficiary designation forms for your life and AD&D insurance

If you choose optional life insurance for you or your spouse, you will need to fill out an Evidence of Insurability (EOI) form

If you don’t return your signed forms, your changes, including any new beneficiary designation, will not take effect


Schlumberger Flex

Extended Health Coverage

(3 Options)

Provincial Coverage (BC Only)

Dental Coverage (4 Options)

Long-Term Disability Insurance

(3 Options)

Employee Life Insurance

(Basic and Optional)

Spouse and Child Life Insurance

(Basic and Optional)

Employee AD&D Insurance (Basic and Optional)

Spouse and Child AD&D Insurance

(Optional)

Critical Illness Insurance


Provincial Health Care

British Columbia Schlumberger pays 50% of the cost of your BC provincial health

care premium Required in BC only Complete Schlumberger Group Benefits Form


Covering Your Dependents

You can cover: Yourself Yourself + one dependent Yourself + two or more

dependents


Extended Health Care Option 1 Option 2 Option 3

Reimbursement • For all eligible

expenses 70% 90% 100%

Prescription drugs • Deductible Dispensing fee Dispensing fee Dispensing fee

Hospital Semi-private Semi-private Private

Vision care (24 months) None $150 $350 Paramedical services • Maximum per service $500 $500 $1,000

• Annual combined max $1,500 $1,500 $1,500

Orthotics (annual max) $150 $150 $150


Dental Option 1 Option 2 Option 3 Option 4

Deductible None None None

No coverage

Basic dental • Recall exams • Periodontics

70% 6 months 16 units



Major dental • Crowns

50% Included

70% Included

80% Included

Combined maximum $1,500 $2,000 $3,000

Orthodontia • Under age 18 • Lifetime max

No coverage 50% $2,000

50% $3,000


Life Insurance Basic Optional

Paid for by… Schlumberger You Automatic Yes No

Coverage For you 2 x your admissible

compensation Multiples of $25,000

For your spouse $10,000 Multiples of $25,000

For your child(ren) $5,000 Multiples of $5,000

Schlumberger-paid premiums are taxable Additional optional coverage requires EOI


Accident Insurance Basic Optional

Paid for by… Schlumberger You Automatic Yes No

Coverage For you 2 x your admissible

compensation Multiples of $25,000

For your spouse N/A Multiples of $25,000

For your child(ren) N/A Multiples of $5,000

No evidence of insurability is required for AD&D coverage


Critical Illness (new since 2017) Optional coverage Provides a tax-free lump sum that you can

spend how you choose Paid through payroll deductions Units of $10,000, starting at $20,000 to a

maximum of $250,000 You can select up to $50,000 in coverage

without providing EOI 2017 year only! Premiums are based on your gender, age

and smoking status You can also purchase $5,000 in critical

illness coverage for your child(ren)

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You can use it for …

Treatment outside of Canada

Treatments not covered by your provincial plan

Child care Travel to a regional

treatment centre Meals Parking New or experimental

drugs Lost income for a family

member to support the patient.


Critical Illness (continued)

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Covered illnesses include:

Aortic surgery Aplastic anemia Bacterial meningitis Benign brain tumour Blindness Cancer (life-threatening) Coma Coronary artery bypass surgery Deafness Dementia, including Alzheimer’s disease Heart attack Heart valve replacement or repair Kidney failure

Loss of independent existence Loss of limbs Loss of speech Major organ failure on waiting list Major organ transplant Motor neuron disease Multiple sclerosis Occupational HIV infection Paralysis Parkinson’s disease and specified atypical parkinsonian disorders Severe burns Stroke

For children: Cerebral palsy Congenital heart disease Cystic fibrosis Down’s syndrome Muscular dystrophy Type 1 diabetes mellitus * Note: Check out Enrollment Central for more details

*


Business Travel Accident Insurance

You *Spouse

Paid for by… Schlumberger Schlumberger

Mandatory Yes Yes

Coverage 4.5 x eligible compensation $50,000

Maximum $1,000,000 $50,000

*Spouse is covered only if Schlumberger requested that they travel with you.


Short-term Disability Coverage

Fully paid by Schlumberger Available for 26 weeks Equal to 100% of your base pay for Office Employees and 130% of

base pay for Field Employees No options to choose


Long-Term Disability


Your Health Care Spending Account

How it works: Schlumberger provides each employee with $300 in flex dollars You’ll use your flex dollars to pay for the benefits you choose Depending on your benefits selections, you may have leftover flex

dollars This amount can be deposited into your HCSA or Wellness

Spending Account You can use the funds in your HCSA for reimbursement for any

eligible medical expense (per CRA) The best part is that it’s tax free!


Your Health Care Spending Account

Examples of eligible expenses: The percentage of dental or health care related expenses that you pay Prescription drug dispensing fees Eyeglasses, contact lenses, or laser surgery Orthodontia or other dental expenses not covered under your

dental option Health care expenses of relatives who are financially dependent on

you, but not covered by Schlumberger Flex, like a parent or sibling


Wellness Spending Account

Your allocation – January 1 You pay tax each January on your

wellness claims made in the previous year.

You submit claims to Sun Life just as you would for your HCSA

Claim forms will be available on the Sun Life website


Wellness Spending Account Examples of eligible expenses: Vitamins and supplements Orthopedic beds & pillows Cholesterol and

hypertension screening Health assessments/

screening Allergy tests Reflexologists Herbalist Homeopaths Athletic therapists Maternity services Health education programs

Exercise physiologists Chinese medical practitioners Shiatsu therapists Osteopathic practitioners Acupressurists Occupational therapists Fitness equipment (excluding

apparel and footwear)

Fitness league fees Fitness classes LTD premiums Comprehensive medical exams Naturopathic medicines Financial Planning


Your HCSA & WSA

The fine print: Flex dollars expire two plan years after deposit You must claim expenses in the year they occur Flex dollars may only be withdrawn to reimburse eligible expenses If your employment with Schlumberger ends or you are transferred

outside of Canada, any eligible claims incurred before you leave must be received by Sun Life within 90 days of your last day at work; after that, your HCSA & WSA dollars will be forfeited.

You have two years!


How to select the right benefits for you

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What you need to think about

Health and Dental Look at this year’s claims Think about what’s changed

Chronic conditions? The need for major

dental work? Orthodontia planned?

Talk to your doctor and dentist


What you need to think about (continued)

Life and Accident Coverage Think about your current

financial obligations Determine what your future

income needs will be What would your family need if

you weren’t there? Consider other insurance

coverage you may have



Long-Term Disability Think about your current

financial obligations Consider other family income Determine what your future

income needs will be


Coordinating Your Benefits

Does your spouse have a benefit plan? Receive up to 100% coverage by coordinating your two plans By choosing a lower option with a less expensive price tag, you’ll

have more flex dollars to direct elsewhere or deposit into your HCSA/WSA.


Coordinating Your Benefits

An example Marco has chosen

Extended Health Option 1 (70% reimbursement)

Marco has $400 in physiotherapy claims to submit

Submits $400 claim to SLB Flex (70%)

Receives a reimbursement of $280

Submits to his spouse’s plan

Receives a reimbursement for the remaining $120



Taxable Benefits Premiums on a number of benefits are taxable You’ll see the amount on your pay slip You pay tax on:

Flex dollars used to pay for life insurance Flex dollars used to pay for accident insurance Business travel accident insurance premiums Wellness Account reimbursements


Want more information? Enrollment Guide • Plan summary • Help with decision-making • Real life examples



Benefit Default Coverage

Extended Health Care Option 1

Provincial Health Care (BC only) Current coverage

Dental Option 1

Basic Employee Life 2 x eligible compensation

Basic Spouse Life (if on file) $10,000

Basic Child Life (if on file) $5,000

Basic AD&D 2 x eligible compensation

Long-Term Disability (LTD) Option 1

Any excess flex dollars Deposited to your Wellness Account

If you don’t enroll


Changing Your Benefits

Life changes! So can your benefits There are two types of opportunities to change your coverage:

During the annual enrollment period each year After you have a life event

Be sure to make your benefit changes on the enrollment tool within 30 days of any life event https://schlumberger.seb-admin.com

Life events include marriage, divorce, the birth or adoption of a child, the death of a dependent, or your

spouse losing his or her benefits coverage.


Managing your claims throughout the year


Submitting Your Claims

Sun Life is the benefits provider for Schlumberger Flex You can submit claims many ways:

Paper forms Online via Sun Life website Mobile App (for iPhone, Android or Blackberry) Automatically with your Assure Card (prescription drugs) at the

pharmacy Wellness Account claims may only be submitted via paper claim

form


Sign up for Sun Life

Go to www.mysunlife.ca Click “Register now”


Sign up for Sun Life

Go to

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Mobile App

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Benefits in your pocket


Additional Employee Benefits


Shepellfgi

Employee and Family Assistance Program Confidential help with work and life issues Services include:

Professional counseling including an online program. Access to subject matter experts.

Online resources, tools, articles, action plans and self-directed help kits on real and relevant issues.

www.workhealthlife.com or 1-866-833-7690

Family Support Financial Support Legal Health Coaching

Naturopathic Service Nutrition Work/Life Balance


Medical Travel Assistance

For use with business or personal travel (can be used in Canada outside of your province, or anywhere outside of Canada)

Covers a variety of costs resulting from a medical emergency while traveling (read Emergency Travel Assistance section of Your Group Benefits booklet for full services offered)

Treatment charges are paid by the employee and then reimbursed through the Sun Life


Schlumberger’s Financial Benefits Defined Contribution Pension Plan (DCPP) Deferred Profit Sharing Plan (DPSP) Group Registered Retirement Saving Plan (RRSP) Tax Free Savings Account (TFSA) Discounted Stock Purchase Plan (DSPP)


Defined Contribution Pension Plan (Schlumberger) Eligibility – First of the month following 3 months of service Contributions are made each pay period as a percentage of your

total pay You will be automatically enrolled at a 3% contribution rate in order

to maximize company contributions Schlumberger will contribute 2% automatically, and will additionally

match your contribution up to 3%. You can contribute a maximum of 5%, bringing your maximum

possible contribution to 10% Vested immediately in Employer Funds EE 5% + ER 2% (basic) + ER 3% (match)


Your Pension Plan Eligibility Full-time regular non-union employees and

part-time non-union employees with regular work schedules of 30 or more hours per week must join the plan on the first day of the month of eligible employment

Your Contributions You are not required to contribute. You may make optional contributions from 1% to 5% of your earnings. You may change the amount of your contributions on Jan 1, Apr 1, Jul 1, or Oct 1 of each year.

Employer Contributions 3.5% of your earnings up to the YMPE, then increase 2.5% of the remainder In addition, your employer will match your optional contributions at a rate of 100% of your contributions up to 3%, and 50% of the next 2%


Deferred Profit Sharing Plan (DPSP)

Eligibility – First of the month following one year of service Vested after 3 years of service Based on profitability, the Company will contribute up to 15% of

your admissible compensation to your DPSP account For Example: (2015 award was 6%)

If the employee’s admissible compensation was $80,000.00 and the profit sharing award was 6%, the dollar figure would translate to $4,800.00


Registered Retirement Savings Plan (RRSP)

A savings plan registered with the Canadian federal government

allowing you to save for the future on a tax-sheltered basis. An RRSP is an investment portfolio. It can contain a variety of

investments What makes an RRSP special is that your contributions to it are tax

deductible and your portfolio grows tax sheltered. Eligibility - voluntary participation on the first day of the month

following 3 months of service No Company contributions Voluntary contributions (payroll deductions) up to your RRSP

contribution limit - if you don’t know your limit, contact the Canada Revenue Agency


Tax Free Savings Account (TFSA) A flexible, registered, general-purpose savings vehicle that allows you

to earn tax-free investment income

Voluntary contribution up to $5,500 annually Investment income earned & withdrawals from a TFSA are tax-free.

Contributions are not tax-deductible.


Pension and Profit Sharing Package

Sun Life is our benefits carrier for the financial benefits Employees receive a Financial benefits package with information

on how to access their accounts Transfer ins to Canada will receive this 2 – 4 weeks after their start

date New Hires will receive this 6 weeks before they are eligible, so

about 6 – 8 weeks after their start date

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Sun Life website

Retirement and Savings Check out your Sun Life

retirement and savings accounts

How much are you contributing? Should you be contributing more?

Have you used the Sun Life financial planning tools?

What about your investments?

mysunlife.ca



Retirement and Savings Go to ‘my financial centre’ and

update your beneficiary information under tab ‘Quick Links’

Click on the “Edit” button and ‘Submit’

No form to sign and no form to mail

mysunlife.ca


Discount Stock Purchase Plan (DSPP)

Eligibility – Employees are eligible upon hire, but can only enroll in June or December Employees can contribute 1 to 10% of their total pay towards DSPP Your DSPP balance accumulates throughout the plan period

(January through June and July though December) On the last day of the plan period, you automatically purchase as

many shares of stock as you can with your DSPP balance Price is determined as: lower of the stock price on the first trading

day of the plan period (July 1st Or Jan 1st) or the last trading day of the plan period (June 30th or Dec 31st) less 7.5%



Plan Period July 1, 2015 – Dec 31, 2015 Price on July 1, 2015 Price on Dec 31, 2015 $85.30 $69.69 -7.5% Purchase Price is $64.47 USD

Example:



Certify your tax status

W-8BEN FOR NON-US CITIZENS/RESIDENTS OR W9 FOR US RESIDENTS/TAX PAYERS

If you don’t certify your tax status, you will be subject to an automatic

US Tax withholding (28%) as required by the US Internal Revenue Service (US tax authorities).

Questions: Contact Computershare Shareowner Services (previously known as BNY Mellon). [email protected] or +1-866-752-3777 in USA or +1-201-329-8253 outside USA

mailto:[email protected]


Websites and Questions Enrollment Central: http://slb-benefits.ca Canada HR Hub http://www.hub.slb.com/display/index.do?id=id3025297 AskHR is your one-stop shop for all HR related questions

1-877-9-ASKHR-9 1-877-927-5479 Online : http://askhr.slb.com E-mail: [email protected]

http://slb-benefits.ca/

http://www.hub.slb.com/display/index.do?id=id3025297

http://askhr.slb.com/

mailto:[email protected]

Documents

Schlumberger – OFS1 / New to Canada Payroll … to Canada Employee Benefit...Schlumberger-Private Agenda Schlumberger’s Flexible Health Benefits - New to Canada? - Flex Benefit