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Benefits

When you work with an industry leader, you learn to expect more. Covanta is proud to offer the best pathways for you to achieve career satisfaction.  We foster an environment that emphasizes cooperation and partnership – encouraging and rewarding our employees by offering competitive benefits, training, recognition and career development.

Covanta offers a comprehensive benefits package effective on date of hire, including health and welfare, financial, family and professional development. All full-time employees and their eligible dependents, along with eligible part-time employees can enroll in the following benefits:

Retirement

green trees _abstractThe Covanta Savings Plan helps our employees to prepare for retirement, while providing the flexibility to meet more immediate financial demands if needed. Through our generous savings plan, employees can save money on a before tax basis and also receive company matching contributions that immediately vest to your account and choose how to invest your money among a variety of professionally managed investment options. Covanta also provides automatic company contributions to the savings plan for all eligible employees without an individual contribution. Participation in the savings plan is effective on the date of hire for all eligible new employees.

Health and Welfare Benefits

Medical Plan

Effective on your date of hire, eligible full-time and part-time employees can expect excellent medical benefits. Covanta offers two options for medical coverage to allow employees to choose the plan that meets their needs. All medical plans include vision coverage for routine eye examinations, glasses and/or contacts along with prescription drug coverage, including retail and mail-order options.

Prescription Drug Plan

Full-time and part time employees automatically receive prescription drug coverage as part of the medical coverage. The plan offers both retail (30-day supply) and mail-order (90-day supply) pharmacy benefits.

Vision Plan

Full-time and part-time employees automatically receive vision benefits which provide coverage for eye exams, eyeglass lenses and frames, and also covers a portion of the cost for contact lenses. The plan’s network of providers includes private practitioners, as well as the nation’s premier retailers. The vision plan also offers laser vision correction with a discount off the retail price or off the promotional price when obtained through a network provider in the U.S. Laser Network.

Dental Plan

Dental benefits offered include in-network and out-of-network coverage, as well as orthodontia benefits for dependent children. Full-time and part-time employees can enroll in this benefit.

Life Insurance

For all full-time employees, Covanta automatically provides you with a basic life insurance benefit at no cost. Basic life insurance coverage also includes an equal amount of basic accidental death & dismemberment (AD&D) insurance. Employees may also elect to have supplemental life and AD&D. Part-time employees can enroll in supplemental life, supplemental AD&D, spouse life, child life, and family AD&D.

Work, Life and Family

work life balance signsEligible Covanta employees receive generous vacation days based on years of service, 10 company paid holidays per year and undefined sick time. We also a variety of programs and resources to help employees focus on their overall well-being such as employee assistance and wellness programs. The wellness component of the program includes a confidential health risk assessment, personal health coaching, a nurseline, and discounts on products and services at participating merchants.

Other benefits available to eligible employees include:

  • Adoption assistance
  • Auto and homeowners insurance program
  • Educational assistance
  • Financial planning
  • Flexible Spending Accounts Program
  • Group legal program
  • Long term care insurance
  • Short term disability and long term disability insurance
  • Training and development programs