Home | Pay Your Bill | Contact Us


EMPLOYMENT BENEFITS AT PRECO

Peace River Electric Cooperative, Inc., offers a competitive and comprehensive benefits package. Full-time employees of Peace River Electric Cooperative may be eligible for the following:

 

Major Medical and Hospitalization

Peace River Electric Cooperative, Inc. participates in a Preferred Provider Network major medical and hospitalization plan. Employee premiums are paid for by the Cooperative at 100% and dependent coverage is paid for by the Cooperative at 50%, as determined and approved by the Board of Directors. Features of this plan include:

  • $10 Office services rendered by a PPO physician
  • $100 Emergency Room Visit

Other Coverage:

  • Mental Health Coverage
  • Durable Medical Equipment
  • Chiropractic Coverage
  • Low Protein Food Coverage
  • Home Health Coverage
  • Skilled Nursing Home Coverage
  • Outpatient Services – Cardiac, Physical Therapy, Occupational Therapy, Speech Therapy, Massage Therapy
  • Adult Wellness
  • Well Child
  • Hospice
  • Substance Dependency Care & Treatment
  • Transplant Services

In addition, this coverage includes vision coverage discounts as well as reduced rates at specified fitness centers

Peace River Electric Cooperative, Inc., utilizes the services of a Physician’s Assistant to provide in-house medical maintenance care and walk-in care for our employees. We also provide the opportunity once a year for all employees and their spouses to participate in a health fair, where screenings for high blood pressure, diabetes, cholesterol, orthopedic, depression, body fat/weight, skin cancer and hearing tests are conducted. Participants in the health fair receive discounts for their health insurance premium.

 

Pharmacy Benefit

Peace River Electric Cooperative, Inc., through their Major Medical Plan, offers a Pharmacy Benefit to eligible full-time employees and their dependents as follows:

  • $15 Generic Drugs
  • $30 Brand Name Drugs
  • $50 Non-preferred Drugs

In addition, the Pharmacy Benefit includes a mail-order maintenance program providing a 90-day supply of maintenance medications (i.e. blood pressure, cholesterol, thyroid) for two (2) times the co pay. For instance, if you purchased through the mail a 90-day supply of Lipitor, you would pay $60 or two months of the $30 co-pay for a brand named drug.

 

Dental Benefit

Peace River Electric Cooperative, Inc. participates in an Indemnity Dental Plan, providing coverage for full-time employees and their dependents at no cost to the employee:

  • 100% Routine examinations and x-rays
  • $2000 Lifetime benefit for orthodontic coverage

 

Other Benefits

Peace River Electric Cooperative Inc. also provides the following benefits to eligible full-time employees:

  • Section 127 Tuition Reimbursement Plan (from 50% - 80%)

  • Medical Supplement Plans
      o Cancer
      o Hospitalization
      o Accident

  • Life Insurance (Twice the annual salary)

  • Long Term Disability

  • Short Term Disability

  • Defined benefit retirement plan

  • Defined contribution retirement plan (401k) which includes a 1% employer match and a 2% discretionary contribution.

  • Section 125 Cafeteria Plan (Medical Premium, Un-reimbursed Medical, Dependent Care)

  • Pre-paid Legal

  • Credit Union (share, share draft, loans (to include automobile loans, mortgages, 2nd mortgages, and signature loans), IRAs, Certificates of Deposit, Christmas Club

  • Safety Incentive Program (Includes possibility of earning an extra day off, and a monetary award at the discretion of the Board of Directors).

  • Service Anniversary Awards

 

Educational Opportunities

Peace River Electric Cooperative, Inc. is a learning organization. Eligible employees are encouraged to take advantage of the many educational opportunities present in this area. Through a generous tuition reimbursement program and a State of Florida Registered Apprenticeship Program, employees are able to pursue technical training as well as degree opportunities. Education is available through the following avenues:

  • South Florida Community College
  • Polk Community College
  • Manatee Community College
  • Barry University
  • Bismark State Community College
  • Florida Southern University
  • USDA Graduate School
  • Warner Southern University
  • Webber International University

In addition, Peace River Electric Cooperative, Inc. is registered as a State of Florida apprenticeship program sponsor. The Cooperative, in partnership with South Florida Community College offers a registered four-year apprenticeship in electrical line technology. In addition, apprentices are offered the opportunity to obtain a two year Associates of Applied Technology Degree (AAS) in Electrical Distribution Technology.

Employees are provided the opportunity to attend professional training and seminars related to their job and personal development.

 

Location

Peace River Electric Cooperative, Inc. is located in a 10 county territory serving residents of the Florida Heartland. Located conveniently adjacent to Tampa and Orlando, employment opportunities are readily available for working spouses. A short drive from shopping, restaurants and entertainment, you can enjoy the benefits of rural living with the access to city conveniences.