FOR SALARIED U.S. EMPLOYEES OF PEPSICO
TOTAL REWARDS
AT A GLANCE
When you’re on your A game,
we know there’s nothing
you can’t do. That’s why we
provide programs, services
and support that enable you
to be your best.
At PepsiCo, we call this Total
Rewards. Total Rewards is
designed to help you live
better – physically, financially
and emotionally.
We’re excited to give you this
first look at the Total Rewards
you will receive as a PepsiCo
employee. Whether your goal
is to stay healthy, save money,
or balance your work and
personal life, there’s something
here to help you thrive.
TOTAL REWARDS
AT PEPSICO
1
YOUR CHOICES
MEDICAL
PepsiCo’s two key medical options are Healthy Advantage and Core Plus.
HEALTHY ADVANTAGE – The Healthy Advantage Option is a consumer-directed
high deductible health plan that provides quality coverage and is paired with a Health
Savings Account, or HSA. The HSA provides a tax-advantaged way to help you pay
health care expenses now or into retirement. Depending on where you live, the option
is available through either Anthem Blue Cross and Blue Shield or UnitedHealthcare.
CORE PLUS – Core Plus is a more traditional health plan that oers a lower deductible,
but higher per paycheck cost for coverage. This plan is often paired with a Health Care
Reimbursement Account, which you will learn more about on the next page.
A Health Maintenance Organization (HMO) may also be available in your location,
giving you a third option.
WHAT’S COVERED? – Both medical options cover the following:
>
Preventive care including annual physicals, well-woman exams
and cancer screenings
>
Prescription drugs
>
Maternity care, including access to Cleo, a family support system from
pregnancy until your child’s first birthday
>
Fertility benefits (including IVF and surrogacy assistance) up to
a $35,000 lifetime maximum benefit
>
Well-baby care including immunizations
...and more.
HEALTH CARE RESOURCES
>
Health ACE, your health care advocacy service, is available to help you get the
guidance and support you need as you make health care decisions for your
entire family.
HEALTH AND
INSURANCE BENEFITS
We’re committed to helping you and your family live a
healthy lifestyle. It starts with access to quality, affordable
health care. Here are your options. Most of these benefits
are paid for with pre-tax payroll deductions, which also
helps you save money.
>
Telemedicine services provided through Anthem or UnitedHealthcare,
connecting you to high-quality, aordable, health care when your Primary Care
Physician isn’t available, such as nights and weekends.
>
Quality and cost comparison tool, Castlight, helps you compare doctors,
facilities and medical services based on the price you’ll pay, the quality of their
service and patient reviews.
>
Virtual Second Opinion program, provided by Consumer Medical, helps you
learn more about your condition, make sure your diagnosis is correct and
compares treatment options.
DENTAL
Choose between the Basic and Enhanced Dental Options (with network choices of
MetLife or Delta Dental). Both options give you the freedom to use any dentist or
specialist, any time you need care. In some locations, a dental HMO option may also
be available.
VISION
Receive discounted rates for services and supplies if your provider is in the EyeMed
network. Even if you do not enroll for vision benefits, vision discounts are available
through LensCrafters.
REIMBURSEMENT ACCOUNTS
Health Care Reimbursement Account – Allows you to set aside pre-tax dollars to pay
for eligible out-of-pocket health care expenses, such as deductibles. This can help you
budget and save money. Note that the Health Care Reimbursement Account is not
available if you choose the Healthy Advantage Option. Instead, you are eligible to save
money in your Health Savings Account (HSA).
Dependent Care Reimbursement Account – Allows you to set aside pre-tax dollars
to pay for day care/elder care expenses for your pre-teen children, disabled spouse/
partner and eligible dependents. (This account is not for your dependents’ health care
expenses.)
LIFE INSURANCE
Company-Provided Life Insurance – PepsiCo provides you with coverage equal to one
times your annual eligible pay at no cost.
Optional Life Insurance – You can purchase optional life insurance for yourself and
your eligible dependents.
Accidental Death and Dismemberment Insurance (AD&D) – You can purchase
coverage for yourself and your eligible dependents.
DISABILITY
Short-Term Disability (STD) – STD coverage provides financial protection if you are
disabled and unable to work for a short period of time.
2
Long-Term Disability (LTD) – LTD coverage provides a benefit if you are disabled and
unable to work for more than 26 weeks. Basic LTD coverage replaces 35% of your
eligible pay (up to a $15,000 monthly maximum benefit) and is provided at no cost to
you. You can purchase additional LTD coverage, which pays a benefit equal to 60% of
your eligible pay.
Note to Salaried Part-Time Employees: Eligibility for STD and LTD coverage varies.
LEGAL
Group Legal Coverage – This option, administered by Hyatt Legal Plans, helps you
pay for a variety of common legal services for one low annual fee. The plan covers a
range of family and personal matters such as adoption and guardianship, separation,
dissolution or divorce, premarital and domestic partner agreements, real estate
transactions, simple and living wills and protection of driving privilege, to name a few.
COVERING DEPENDENTS
PepsiCo oers benefits to you and your eligible family members. Extended family
members, such as grandchildren, are not eligible for coverage unless you are their
legal guardian or have adopted them.
Here’s a look at who is eligible for coverage:
FAMILY MEMBER REQUIREMENTS
Your spouse
Your domestic partner
(same sex or opposite sex)
Must be your legal spouse for federal tax purposes
(Including state recognized common-law spouses)
1
Must complete the plan’s adavit of domestic
partnership
Your children, including:
• Biological children
• Legally adopted children (or children placed
for adoption)
• Stepchildren
• Foster children
• Children for whom you or your spouse are
the legal guardian
• Children of same-sex or opposite sex
domestic partner
Must be under age 26
Children named in a Qualified Medical Child
Support Order (QMCSO)
Employee (not spouse) must be required to provide
coverage from the PepsiCo plan
Physically or mentally disabled child who is
age 26 or older
• Child is unmarried and does not have other medical
coverage available through his/her own employment
• Child lives with you for at least half of the year
• Child is disabled on or before his/her 26th birthday
• Child is dependent on you for financial support
• The claims administrator determines that your child
is disabled
3
1
Common-law marriages may be formed in Alabama, Colorado, Iowa, Kansas, Montana, Oklahoma,
Pennsylvania (pre-9/18/03), Rhode Island, South Carolina, Texas, Utah and District of Columbia.
PHYSICAL WELL-BEING
Want to feel stronger, healthier and more energized? Turn to these flexible, easy-to-
access Healthy Living resources that oer something for everyone (including family
members, where eligible), whether you’d like to eat better, exercise more, lose weight, quit
smoking or improve your sleeping habits:
>
Wellness Screening*
>
WellnessQ*
>
Healthyroads wellness coaching*
>
Omada weight-management program*
>
Kurbo digital health coaching*
>
Step, food and sleep trackers*
>
Challenges*
>
Flu shots*
>
Cleo family support
>
Tobacco-Free Program
>
Livongo for diabetes management
and hypertension
>
Care Management programs for chronic
conditions or health crises
EMOTIONAL WELL-BEING
When life hands you challenges, get guidance and support from these programs and
resources that can help you bounce back, manage stress, battle addiction or depression
and boost your confidence:
>
meQuilibrium for stress management*
>
Employee Assistance Program (EAP)
>
Telemedicine for behavioral health
>
Rethink for support raising a child
with special needs
>
Oce visit with an in-network therapist,
psychologist or psychiatrist
>
Health ACE
>
Back-up child and elder care
>
Bright Horizons Additional Family Supports
TM
for help finding ongoing care for your entire
family
FINANCIAL WELL-BEING
Healthy Money helps you manage the personal finance issues that are most important
to you, such as budgeting, reducing debt or retirement planning. Improve your financial
well-being and make your money go further with help from these resources:
>
Healthy Money Counselors
>
My Money Checkup financial
well-being assessment
>
Healthy Money Family
>
Online tools, tips and videos to help you
achieve your goals
>
Monthly webinars on relevant financial topics
>
ALEX retirement benefits counselor
* Earn points to redeem for rewards by participating in this program.
HEALTHY LIVING
Achieving your best health – physical, emotional and
financial – is important. That’s why we invest in Healthy
Living, our well-being program for you and your family.
Participate in the activities that help you reach your
personal well-being goals and earn rewards along the way!
4
GET REWARDED
Earn points by participating in Healthy Living programs that help you and your family
learn new ways to manage stress and improve your emotional well-being, eat right, and
get and stay active. You can rack up even more points by joining competitions, working
with a Wellness Coach, tracking your steps, food and sleep…the list goes on and on.
As you move along in your well-being journey, watch your points add up, and redeem
them for things like:
You and your covered spouse/partner can each earn up to 3,000 points to redeem
for rewards (equivalent in value to $300) – that’s a total of 6,000 points ($600 value!).
Once you reach the maximum, you can continue to earn points and redeem them for
entries into quarterly sweepstakes with exciting prizes.
READY TO LEARN MORE?
Rewards apply to U.S. employees who are eligible for PepsiCo benefits and their
spouses/partners enrolled in a PepsiCo medical plan. Visit myHealthHub.pepsico.com
for full program and eligibility details.
5
Gift Cards
Contributions to
your Health Savings
Account (HSA)
Sweepstakes
entries
Prizes
AUTOMATIC RETIREMENT CONTRIBUTION
PepsiCo provides you with an Automatic Retirement Contribution, or ARC.
2
ARC will be a key component of your retirement savings. Here is a summary of
key provisions to help you better understand this important benefit and how it fits
into your overall retirement plan.
• This benefit is completely funded by PepsiCo and automatically deposited into
your 401(k) account. You do not need to contribute to the 401(k) Plan to be
eligible for the ARC.
• You will be vested in your ARC balance once you have three years of service.
• The ARC you receive will be based on your age and service. The longer you
work for the Company, the higher your ARC, which will range from 2% up to a
maximum of 9%.
• The ARC percentage will be determined on a paycheck-by-paycheck basis and
will automatically increase as your age plus service increase to the next level.
How your ARC is determined:
If your age +
service equal this:
Your ARC as a percent
of eligible pay is:
Under 35 2%
35-39 3%
40-44 4%
45-49 5%
50-54 6%
55-59 7%
60-64 8%
65+ 9%
RETIREMENT
BENEFITS
It’s never too soon to plan for retirement. PepsiCo
offers the plans, tools and resources to help you meet
your retirement goals. The rest is up to you! Here are
benefits you can take advantage of:
6
7
• ARC is made beginning with your first paycheck.
• You will not be able to take a distribution of your ARC balance while you are an
active employee. Loans are also not available.
401(K) SAVINGS PLAN & MATCHING CONTRIBUTIONS
The PepsiCo 401(k) Savings Plan makes saving for retirement easy, especially with
the Company match.
2
A percentage you choose is deducted from each paycheck
(before or after income taxes – you decide) and is put into your 401(k) account
at Fidelity. In addition, PepsiCo will match a percentage of your contribution.
For each $1 you put in (up to 4% of your eligible pay as a new hire), PepsiCo
puts in 50¢.
If you do not enroll in the 401(k) plan within 60 days of your hire date, you will
automatically be enrolled at a contribution rate of 4% with an annual increase
of 1% for the next two years, until you reach 6%.
You don’t have to be an investment expert.
The plan offers a full range of investment options from conservative funds to
aggressive ones, plus a brokerage account. As an alternative to the core funds
where you can “pick your own’’ investments, you also have the option of investing
in a target date fund. Target date funds are professionally managed funds that
invest more conservatively as you get closer to your expected retirement date
(your “target date”).
STOCK PURCHASE PROGRAM
Become a PepsiCo shareholder through convenient payroll deductions. Your
payroll deductions will purchase shares of PepsiCo stock at the market price.
• Invest as little as $5 per week ($10 per bi-weekly paycheck).
• No commissions or other fees on purchases or dividends.
• Once you hold shares in your account, you are entitled to the normal voting and
other rights of a PepsiCo shareholder.
2
Employees participating in a grandfathered pension plan are not eligible for the Automatic Retirement
Contribution or the PepsiCo 401(k) match.
EDUCATION FOR YOU AND YOUR CHILDREN
• Scholarship Program for Children
Each year, the PepsiCo Foundation awards up to 400 new scholarships
for undergraduate study to the children of PepsiCo employees.
• Education Assistance for Employees
Receive free education advising, tuition reimbursement for qualifying
undergraduate, graduate and certificate courses and valuable savings at
accredited schools, including more aordable classes and reduced out-of-
pocket costs with select schools nationwide.
• College Coach for Parents of College-Bound Children
Get advice and guidance with the college selection, application and financing
process.
• Tutoring, Test Prep and Homework Help
Available through the Additional Family Support program, PepsiCo employees
enjoy free access to Sittercity, a website that connects you with local in-home
care, including homework help and tutors as well as discounted tutoring
resources for the SAT, ACT, standardized tests, and Common Core subjects.
• Innovation Leave
Take up to 30 days of paid time away from your current role to develop an
innovative, breakthrough idea or project.
• Higher Education Leave
Take up to 6 months of unpaid leave
3
to pursue a higher education degree or
career development.
• Teen Driver Education
Help your teen make better choices behind the wheel – ones that will keep them,
their siblings and their friends safe.
WORK/LIFE BENEFITS
Balancing work and life isn’t easy. We know it all too well!
That’s why we offer a wide selection of programs that can
save you time, money and hassle.
8
3
Up to the first 30 days paid.
SUPPORT WHEN YOUR FAMILY NEEDS IT MOST
• Flexible Work Arrangements
4
Three types of flexible work arrangements are available through PepsiCo’s
MyFlexAbility program: Flex Time, Flex Day, Flex Place.
• Adoption Assistance
Reimbursement of covered expenses up to a lifetime maximum benefit
of $35,000.
• Fertility Support/Surrogacy Assistance
Assisted reproductive technology (IVF), egg freezing and surrogacy assistance
covered up to a lifetime maximum benefit of $35,000.
• Cleo Family Support
Virtual guidance from experts from pre-pregnancy through a child’s first birthday.
• Child and Elder Care
Back-up child and elder care through Bright Horizons, and resources to help
secure ongoing care, including free access to Sittercity, preferred enrollment at
Bright Horizons Child Care Centers and 10% o KinderCare Learning Centers.
• Employee Assistance Program
Free telephone counseling available 24 hours a day/7 days a week.
• Survivor Support/Financial Counseling
In the event of your death or the death of a spouse or child.
• Parental Leave
Six weeks paid leave for mothers and fathers within the first six months of
birth or adoption. For birth mothers, this is in addition to the six weeks of
short-term disability leave (eight weeks for a C-section).
• Onsite/Nearsite Childcare
PEPstart, Purchase, NY’s onsite childcare center is available for Westchester area
employees. For employees in Plano, TX, a nearsite childcare center is available.
• Rethink Program
Support for families raising children with learning, social or behavior challenges
or developmental disabilities. Available at no cost to all U.S. employees.
• Additional Family Support
Provides free access to Sittercity, a website that connects you with local in-home
care, including nannies, babysitters, pet sitters and housekeepers. Also provides
free access to elder care planning and support resources through Years Ahead.
• Pet insurance
This option, provided through Nationwide, oers aordable, comprehensive plans
that can be used with any veterinarian.
9
4
MyFlexAbility is available to eligible salaried employees in roles conducive to flexible
work arrangements.
Visit the PepsiCo Parents Guide (parentsguide.pepsico.com/2) for a detailed look
at all of PepsiCo’s family friendly benefits.
DISCOUNTS ON HOME AND
TRANSPORTATION EXPENSES
• Auto and Home Insurance
Reduce your costs by getting competitive bids from three national insurance
companies.
• Car Promotions from BMW, Chrysler, Ford, GM, Hyundai and Mercedes-Benz
Take advantage of special pricing and promotions on many top automobile
models.
• Mortgage Services
Receive special discounts by using Green Bank or Wells Fargo.
• Real Estate Services
Receive a cash rebate for using a participating real estate agent.
• Commuter Benefits Program
Set aside pre-tax money to cover transit and parking expenses
(subject to annual limitations).
SPECIAL DISCOUNTS ON
SHOPPING AND ENTERTAINMENT
• Cell phones
• Adventure parks
• Sporting events
• Electronics
• Florists
• Spas
• Hotels
• Papa John’s
10
This guide provides a summary of some of the provisions
of PepsiCo Inc.’s plans and programs. However, this guide
is not intended to augment rights provided under the
terms of the ocial plan documents. Your eligibility and
benefits will be determined in accordance with and subject
to the ocial plan documents. No benefits will be paid or
provided unless and until the applicable plan administrator
determines, in its sole discretion, that you are entitled to
such benefits. While PepsiCo currently intends to continue
the plans and programs herein, PepsiCo reserves the right
to amend, modify or terminate the plans and programs
at any time. Nothing in this guide should be construed as
a promise or guarantee of future benefits or of any level
or amount of benefits, or as a promise or guarantee of
employment or future employment for any duration.
2020
