Shutdown Savings Program

The Shutdown Savings Program (SDS)

• Employees complete and sign the ‘Shutdown Savings Program’ authorization form.
• Eligible hourly positions, including QI, Team Lead, Project Supervisor, APQ, Support, or Administrative Staff can select a flat dollar amount to be deducted from each paycheck.
• The funds are held in an account and paid out during scheduled shutdown times in July
  or December, or when the employee leaves the company.
• Contributions made between December and July are distributed in July.
• Contributions made between July and December are distributed in December.
• Funds within the ‘Shutdown Savings’ accounts are distributed only during the scheduled payout periods and are not available at any other time.
  • Locations without a scheduled shutdown can still participate in the plan. The scheduled payout dates remain the same.
• Employees who are eligible for holiday pay would still receive the July 4th holiday pay.