Other employee welfare benefits

• Health insurance scheme for all Group employees (100% subsidised) and their spouses and children (30% subsidised).
• Emergency payments for staff, their spouses and/or children in exceptional cases which do not enjoy standard healthcare cover and cause demonstrable economic hardship.
• Pension plan to cover future retirement with an external pension scheme (supplementary to the Social Security entitlement). The individualised quarterly contributions are equivalent to 10% of the employee's fixed salary and 4% of performance-related pay.
• Christmas hamper for retirees and current staff alike.
• Activities for children: educational, cultural and recreational programmes and activities during holiday periods for the children of employees, at special prices, partly subsidised by the organisation.
• Providential benefits, including the following coverage:
  • Widowhood: widows/widowers of employees receive a lifelong, inflation adjusted annuity of 40% of the employee's fixed salary.
  • Orphanhood: 25% of the employee's fixed salary for each child up to age 23.
  • Permanent total disability: 75% of fixed salary on a lifelong basis.
  • Major disability: 75% of fixed salary on a lifelong basis.
• Life insurance.
• Accident life insurance.
• Accident insurance for work-related journeys.
• Special discounts on all kinds of services (e.g. Mapfre Multiservicios insurance premiums) through the Caja Madrid Group's dedicated staff portal, e-personas.