East Coast Mainline is a train operator that runs frequent services between King’s Cross station in London and the East Midlands, Yorkshire, north-east England and Scotland. It has almost 3,000 employees working at stations, depots and offices between Inverness and London. Set out below are the company’s principal benefits.
- A defined benefit scheme, open to new entrants. Employees contribute 11.9% of pensionable pay and the organisation contributes 17.85%.
- Life assurance is available at four-times salary as part of the pension.
- A trust-based defined contribution scheme is available for staff who have drawn down their DB pension but continue to work for the organisation.
- Employee-paid health cash plan.
- Private medical insurance for about 50 senior directors and managers.
- Employee assistance programme.
- Travel discounts on all East Coast Mainline trains.
- Employee discounts scheme.
- Computer and smartphone scheme.
- Bikes for work.
- Discounts at local gyms.
- Childcare vouchers.
- Company car allowance, mainly for legacy staff from previous franchises.
- Policies around career breaks, flexible working, parental leave and extended leave.
- Long-service awards.
- Recognition programme.
- A workplace savings scheme, provided by the Transport Credit Union, which pays about 4% interest.