PSEG

PSEG provides one of the most valuable, flexible and comprehensive benefits programs in our industry. The following provides a summary of some of the benefits offered.

Tuition Reimbursement

The Tuition Reimbursement Program helps you continue your education while working. The program is intended to encourage personal development and expand your contribution and career opportunities at PSEG. The program offers assistance with tuition and fees (but not books, meals or travel).

This program reimburses you for qualifying education expenses, which include tuition and fees, up to a dollar amount per year, depending on the certification or degree.

Employee Matching Gift

The PSEG Foundation matches, dollar-for-dollar, up to $5,000 annually, contributions made by employees to certain educational institutions and up to $2,500 annually to 501(c)(3) organizations.

Volunteer Grant Programs

The Volunteer Grant Program supports employee volunteerism by granting dollars annually per employee to qualified 501(c)3 organizations, youth sports, veterans, and fire and rescue organizations.

PSEG Benefit Extras 

PSEG offers the Group Legal Plan for expected or unexpected legal events. We also offer a group discount on home and auto insurance coverage.

Lasik Vision Reimbursement

Provides a reimbursement benefit up to a certain amount for Lasik eye surgery or an equivalent procedure for the improvement of vision.

Medical and Prescription drug

• Reimburse yourself with before-tax dollars for eligible health care expenses.
• You have a choice of medical plan options offered through Horizon Blue Cross Blue Shield.
• Whether preventive, routine, or catastrophic care, our medical benefit options provide the protection you need at a reasonable cost. No waiting periods, no pre-existing condition exclusions; you and your family are covered from day one. All premium cost sharing is on a before-tax basis, further reducing your out-of-pocket costs.
• If enrolled in our medical plan, you automatically receive prescription drug coverage through Express Scripts.

Dental 

You have a choice of dental plan options through Aetna. The plans provide preventive, basic and major services, as well as an orthodontic benefit.

Vision 

Vision is available as a standalone plan or along with your dental plan.

Reimbursement Accounts

Reimbursement Accounts allow you to pay for eligible health care, dependent care, mass transit and commuter parking expenses with before-tax dollars up to IRS limits.

Cash Balance Pension Plan

The Cash Balance Pension Plan is 100% paid by PSEG and you’re vested from your first day of hire. Annual contributions are based on your age and years of service.

401(k) Plan 

Save for your future financial goals with before-tax, after-tax, and Roth contributions. Plus, the Company will match your contributions when you contribute up to a certain amount.

Employee Stock Purchase Program

The Employee Stock Purchase Program (ESPP) allows you to purchase shares of PSEG common stock through convenient payroll deductions at a discount from the market price.

PSEG offers onsite, hybrid and remote roles to fit your lifestyle. Options vary depending on the role and responsibilities. With four diversified companies delivering energy and related services throughout New Jersey and Long Island, there's more to PSEG than you might know!

Vacation PSEG recognizes that you need time away from work and offers vacation and holidays so you can rest and recharge.

Childcare 

You have access to two programs to help with childcare needs:

• Bright Horizons offers priority access to back-up, full-time and part-time child care.
• The Learning Experience Academy offers a discount on tuition.

Beacon Wellbeing

Work, family, relationships — sometimes it’s a challenge to balance everything in life. Beacon Wellbeing gives you and your family access to confidential counseling, resources and referrals for every aspect of your work and personal life.

• The program is available 24 hours a day, 7 days a week for you and any member of your household.
• Up to six face-to-face or telephonic sessions with a professional are available per person per issue each year at no cost.

Be Well

Be Well is PSEG’s holistic wellness program that focuses on your physical, emotional, social and financial health. With Be Well, you can track your health habits and get tips and helpful health information – and earn points toward great rewards. Be Well offers numerous resources to get fit and stay healthy!