We are committed to offer a competitive benefits package to recognize the contributions and talents of our employees. The Company does not differentiate benefits between full time and part time employees.
In addition to legal requirements per country, competitive benefits are offered in the various regions (adjusted to local specificities) and include, namely, medical insurance (one of the most recognized by our employees), life insurance, pension plans or retirement plans, business travel insurance and accident insurance.
The Company offers the opportunity to participate in either a pension plan or defined contribution plan, depending on the home country. The guaranteed contributions are supplemental to and independent of those established under the Social Security System.
EDPR also has a Flexible Remuneration Package that is currently implemented in Spain and Portugal. This plan allows for employees to decide if they want to receive part of their wage paid in products or services, namely restaurant tickets, kinder garden tickets, EDPR shares, and others. This can provide tax benefits for employees.
During 2011, EDPR analyzed the possibility of extending the Flexible Remuneration Package to other geographies according to local legislations, however we were unable to find tax benefits applicable to all employees.