Benefits

Purdue offers a wide range of competitive benefits to all full-time employees. Our benefit package includes a variety of benefit programs to provide for the health, welfare and financial security of our employees and their families.

Healthcare • Disability • Family Protection • Retirement • Additional Benefits

Healthcare Benefits

Medical

Purdue has combined the strength of a comprehensive national network together with a flexible plan design in our core Open Access Plus Medical Plan administered by CIGNA. In-network office visits are subject to a $10 co-pay. All other services are subject to an annual deductible of $300 per individual /$600 per family in-network and $500 per individual /$1,000 per family out of network. Once the annual deductible has been met the plan covers most eligible in-network services at 90% and most eligible out-of-network services at 80%. Out-of-Network services are subject to reasonable and customary reductions.

Medco is the prescription drug benefit manager for all employees enrolled in the Open Access Plus Medical Plan. The following coinsurance schedule applies:

Generic & Purdue RX Products	20% Co-Insurance*
Preferred Brand	30% Co-Insurance*
Non-Preferred Brand	40% Co-Insurance*

*An annual out-of-pocket prescription drug maximum of $1,000 per individual and $2,000 per family will apply.

In addition to the core Open Access Plus Medical Plan, a local HMO may also be offered depending upon geographic location.

Dental

Purdue's dental Preferred Provider Organization (PPO) administered by CIGNA gives employees the option of accessing dental care by staying within the network and taking advantage of lower, contracted rates or accessing care outside of the network subject to reasonable and customary reductions. Preventive care is covered at 100%, Basic care is covered at 80%, Major Restorative care is covered at 50% after a $50 annual deductible and Orthodontia is covered for dependent children, up to age 19, at 50% up to a lifetime maximum of $1,500. The annual maximum benefit is $2,100 per individual.

Benefits described for full-time regular employees differ for part-time employees. All medical programs offered are subject to an employee cost-share through payroll deduction.

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Disability Benefits

Short-Term Disability

Employees are provided with Short-Term disability benefits in the form of salary continuation for up to six months of physician-certified medical leave based on the following schedule:

Long-Term Disability

A long-term disability program is provided to all full-time employees at no cost after completion of 6 months of continuous, active employment. Upon acceptance by the carrier, disability payments in the amount of 60% (70% from all sources) of base salary to a maximum of $15,000 per month are payable after 6 months of physician-certified disability. Medical benefits, life insurance benefits and personal accident insurance benefits are continued by Purdue while the employee is receiving for long-term disability payments.

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Family Protection

Life Insurance

A life insurance benefit in the amount of three times base salary is provided to all full-time employees. Employees with eligible dependents are provided with a $5,000 life insurance benefit for their spouse and a $1,000 benefit for each child.

All life insurance benefits are provided at no cost to the employee.

Personal Accident Insurance (PAI)

Personal Accident Insurance in the form of Accidental Death and Dismemberment insurance is provided to all full-time employees at no cost. Employees are provided with a PAI benefit in the amount of two times their base salary to a maximum of $250,000.

Travel Accident Insurance (TAI)

Travel Accident Insurance is provided to all full-time employees for accidental death or dismemberment due to travel, on or off the job. The amount of the TAI benefit is based upon the position level within the Company.

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Retirement Benefits

401(k) with Fidelity

The Purdue 401(k) plan allows employees to contribute up to 25% of their compensation on a pre-tax basis up to the IRS contribution maximum. The Company will match $.50 for every dollar of the first 6% of compensation contributed, up to the IRS maximum. Employees may direct their contribution and Company match into 22 investment vehicles currently administered by Fidelity. Vesting of the Company match is immediate. If you will be 50 or older, and if you elect to participate at a plan limit (either dollar or %), you may be eligible to make catch-up contributions to the IRS contribution maximum. These catch-up contributions are not matched.

Pension

Purdue offers a defined benefit pension plan to all employees who have been employed for 1 year. Full vesting in the Plan is achieved after 5 years of service. Retirement benefits are based on a pre-determined formula, which takes into account length of service, salary and age at retirement. Early retirement is available at age 55 for employees with 10 or more years of service.

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Additional Benefits

Reimbursement Spending Account

This plan allows employees to set aside pre-tax dollars by payroll deduction to pay for certain health and dependent care as allowed by the IRS. Employees may set aside up to $20,000 in the Health Care Reimbursement Spending Account to pay for expenses not covered by their health plan including deductibles and co-insurances. Employees may also set aside up to $5,000 in the Dependent Care Reimbursement Spending Account to pay for expenses related to dependent day care.