Salaries & Benefits
Salaries & Benefits at Coca-Cola Enterprises
As standard, Coca-Cola Enterprises Ltd offers the following benefits to all employees in Great Britain regardless of whether they are full-time or part-time: pension provision, life assurance, share ownership, enhanced maternity policy and flexible benefits. In addition CCE offers health care cover to approximately 43% of employees.
CCE also recognizes that our people will have differing priorities. The CCE flexible benefits programme, ‘Options’ provides the opportunity to tailor benefits to meet individual needs. This includes buying and selling holiday, purchasing additional life assurance cover and purchasing retail vouchers. In addition it provides access to tax savings offered by HM Revenue & Customs in areas such as Child Care Vouchers, and from 2008, Bikes to Work and mobile phones.
CCE Pension Plan
In October 2005, Coca-Cola Enterprises established the CCE Personal Pension Plan (“the Plan”) which all employees are eligible to join after completing 3 months service.
The Plan is set up with and administered by Standard Life. When individuals join the Plan they receive their own policy and all payments into the Plan are held in the individual’s own fund. Individuals are required to contribute a minimum of 3%, although they may choose to contribute more. CCE will then match this contribution and add 2%, up to a maximum Company contribution of 10%.
Individuals are provided with an annual benefit statement showing the contributions that have been made and the current value of the fund. This information is also available online.
Individuals have a range of investment funds to choose from and it is possible to switch or redirect contributions to another fund at any time.
