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Benefits at San Francisco, California
Nektar strongly believes that our people are essential to our success. This philosophy is revealed in our competitive benefits package, designed to improve employees' lives both on and off the job. The following information describes some of the benefits Nektar offers our San Francisco employees.
These benefits only apply to Nektar Therapeutics San Francisco employees. Each plan or program has its own eligibility requirements. Nektar reserves the right to change or end its benefits plans or programs at any time. The preceding list and any descriptions of Nektar benefits on subsequent pages in this website are not intended as a summary of the plans or policies or as a description of their key features or details. In case of any conflict or question, the official plan documents or applicable policies, as amended from time to time, will govern.
Our medical plans are designed to provide employees and their eligible family members with extensive coverage and protection against certain medical expenses. Depending on their location, employees can choose from a number of health maintenance organizations (HMOs) and preferred provider organizations (PPOs).
In addition, Nektar offers a range of other medical and health-related benefits and programs, depending on location and medical plan, such as coverage for preventive care services, prenatal programs, and disease management programs.
Health Care Flexible Spending Account - This benefit allows employees to pay for up to $5,000 per year of eligible out-of-pocket health care expenses in tax-free dollars.
Dependent Care Flexible Spending Account - This benefit allows employees to pay for up to $5,000 per year of eligible child and elder care expenses per household in tax-free dollars.
Transit and Parking Accounts - This benefit allows employees to put aside pre-tax dollars each month up to the IRS limits for use on public commuting options and parking related to the use of public transit.
Holidays and a Vacations - Nektar will recognize 10 paid holidays each year as designated by the company. Nektar offers Personal Time Off (PTO) beginning at four weeks (20 days) as a new hire for vacation, sickness, or other personal time off.
Wellness Program - Nektar offers a corporate wellness program that includes a variety of health and wellness initiatives such as gym memberships, on-site gym (in SF location), on-site massage, yearly free flu shots, weekly fresh fruit delivery, fitness classes, as well as financial and health related seminars.
Service Award program - Nektar recognizes years of service at every 5 year increment level with a personalized desk award and monetary gift award.
Group Term Life - Nektar covers all eligible employees with a benefit of 2 times annual salary up to a maximum of $850,000 in the event of death.
AD&D - Nektar provides accidental death and dismemberment coverage at 2 times your annual salary with a pro-ration scale for vision loss or dismemberment due to accidents.
Retirement Savings Plan - Subject to limits under the federal law, the Nektar 401(k) plan allows employees to contribute from 1% to 60% of their eligible salary on a pre-tax basis or post-tax under the ROTH 401(k) option with the "catch-up" benefit available to those age 50+. Nektar provides a discretionary company match at $1000 (pro-rated on a quarterly basis for new hires) for participation with an additional $1 per $1 match up to $2000 (maximum $3000) per year. Match is calculated and paid into the pre-tax 401(k) plan to eligible employees at the end of each year. Employees may participate upon hire if they did not exceed the IRS limits for the plan year.
Short Term and Long Term Disability Plans - Nektar offers both Short Term and Long Term disability plans that protect against lost wages when employees are unable to work due to illness, injury, or pregnancy.