Industrial Performance Products are engineered solutions of customers’ specialty chemical needs. Industrial Performance Products include petroleum additives, castable urethane prepolymers, polyurethane dispersions and urethane prepolymers, and plastic antioxidants.
Industrial Engineered Products are chemical additives designed to improve the performance of polymers in their end-use applications. Industrial Engineered Products include brominated performance products, flame retardants, fumigants and organometallics.
Chemtura's objective is to grow a global portfolio of leading specialty chemical businesses, committed to innovation and the creation of value for our stakeholders. Chemtura’s benefits program is consistent with that objective.
Our plans offer you a variety of choices to meet your personal needs and access to a variety of tools and resources to help you and your family make informed decisions and get maximum value today and in the future. Our “total compensation” philosophy links market competitive pay practices and our comprehensive health and welfare benefit programs.
Health/Prescription Chemtura provides comprehensive health and prescription coverage that protects you in the event of an illness or injury and allows you to focus on prevention. Chemtura’s medical plan offers employees a range of benefit levels, each with a commensurate level of employee contribution.
Dental The dental plan pays benefits based on reasonable and customary charges up to an individual annual maximum benefit. Coverage includes diagnostic and preventive services, basic and major dental care and varies based on level of care.
Orthodontic benefits offer $1,500 lifetime maximum for eligible dependents.
Vision The vision plan covers eye exams, frames, lenses and contacts for you and your eligible family members. It provides you with discounts and savings on laser vision correction, anti-reflective coatings, progressive and prescription glasses and sunglasses.
Flexible Spending Accounts You may participate in one or both of the flexible spending accounts (FSA):
Group Life Insurance Chemtura provides company-paid basic life insurance coverage of one and one-half times your annual salary, to a maximum of $500,000, or you may choose a flat $50,000 of coverage. You may purchase supplemental life insurance coverage from one to four times your annual base salary with a maximum of $2 million combined with basic.
Dependent Life Insurance Chemtura offers voluntary, employee-paid insurance for spouse and/or dependent children to age 19 (or until age 25 if a full-time student).
Accidental Death and Dismemberment Insurance (AD&D) Company paid basic AD&D coverage of one and one-half times your annual base salary, to a maximum of $500,000. You may also purchase supplemental AD&D coverage for you and your family.
Business Travel Accident Insurance Company-paid benefit. Provides coverage to you while travelling on company business equal to three times your annual base salary, with a maximum of $600,000.
Disability Insurance Short Term Disability: In the event of an extended absence from work for a non-occupational accident or illness that is not covered by any workers’ compensation law or act, you may be eligible for short-term disability. Chemtura pays the full cost for this coverage in most states, based on applicable laws.
Long Term Disability (LTD) The voluntary LTD plan provides a source of income if you are disabled beyond six months. The LTD plan pays a continuing monthly income equal to 60 percent of your monthly base pay. The minimum LTD benefit is $100 per month; the maximum is $15,000 per month.
Educational Assistance Chemtura is committed to helping employees achieve their full career potential. A full-time employee may participate in the plan after completing six months of employment. A percentage of the tuition cost will be reimbursed for approved courses. Up to $5,250 is provided tax free and the remainder is taxable.
Employee Assistance Program (EAP) The EAP is available to you and your family members at no cost, 24 hours a day, seven days a week. This program provides personal family, financial, and mental health counseling and referral services to employees and family members on a confidential basis at no cost to the employee.
401(k) Retirement Plan Long-term savings and retirement program features 100 percent company match on the first 6 percent of employee contributions. The plan offer a choice of 25 investment funds including age-based blended funds. The savings plan features loans and other transactions that can be performed online or via a toll-free telephone number.