As a colleague, you are eligible to become a member of the Zoetis Ireland Defined Contribution Pension Plan, provided through Zurich. Membership of the Pension Scheme is subject to satisfactory completion of a membership application form, the trust deed and rules of the Pension Scheme and Revenue and applicable insurance requirements. 

How pension plan works:

  • Both you and the company pay contributions into your retirement account. The more you contribute, the more the company will contribute.
  • When you join the plan, both you and the company will make regular contributions to your retirement account. You can make Additional Voluntary Contributions (AVCs) over and above your regular contributions to increase your retirement account.
  • The value of the benefits available from your plan will largely depend on the size of your retirement account when you retire. The investment return you achieve will partly depend on how you choose to invest your retirement account.

Joining the plan offers several key benefits:

  • You get tax relief on your contributions.
  • Your employer contributes to your plan, which, along with any contributions you make, will help to boost your retirement income.

The Zoetis Employee Share Ownership Scheme is designed to meet Revenue Commissioners requirements, enabling employees to acquire Shares in Zoetis Inc. on tax advantageous terms from money paid over by the Company to the Trustees of the Scheme as bonus and salary forgone.

The Scheme is available to all eligible employees who work for the Company. In order to qualify for the tax benefit, the Shares must be held by trustees for a certain period.

This booklet should be regarded as a general guide only. It does not form part of the more detailed Trust Deed and Rules of the Scheme, which should be referred to for full details and which are available for inspection through your Human Resources department.

Zoetis with our insurance company offer long term disability cover, which is payable after six months sickness absence, once approved by the insurance company.

Income Protection Insurance replaces a percentage of your income on a monthly basis in the event that you are unable to work due to sickness or disability. Zoetis Ireland Ltd. pays the full premium for this benefit.

  • Who is Eligible? All full time permanent employees are eligible to participate in the Income Protection program from your first day of employment.
  • What is the Benefit? If you are unable to work due to sickness or disability after a deferred period of 26 weeks, you will be eligible to receive up to 66.67% of your basic salary less an offset of 1 time the Social Welfare Benefit. This is subject to assessment by the insurer upon receipt of satisfactory criteria.
  • When does the Benefit cease? The benefit will cease once you are fit to return to work, cease employment with Zoetis Ireland Ltd. or upon your unfortunate premature death.
    Your benefit may continue be paid up to age 65.
  • Premium Protection Benefit? In the unfortunate event of a valid claim, your employer contributions will continue to be paid as part of the income protection claim payment.
  • Escalation? The income protection benefit will increase by 3.0% per annum compound to a maximum of the Consumer Price Index each year.

If your benefits exceed the income protection scheme’s Free Cover Limit (FCL) you will be required to be medically assessed for the benefit in excess of this limit and provision of this benefit will be subject to the Insurer’s acceptance terms. You will be notified if this applies to you, and further information will be provided.

Each full-time permanent employee is covered for Life Assurance from the first day of employment. Zoetis Ireland Ltd. pays the full premium for this benefit.

  • Who is Eligible? All full-time permanent employees are eligible to participate in the Life Assurance program from your first day of employment.
  • What is the Benefit? 6 times salary.
  • When does the Benefit cease? The benefit will cease upon leaving employment, reaching age 65 or upon your unfortunate premature death.

If your benefits exceed the group life assurance scheme’s Free Cover Limit (FCL) you will be required to be medically assessed for the benefit in excess of this limit and provision of this benefit will be subject to the Insurer’s acceptance terms. You will be notified if this applies to you and further information will be provided.

The maximum death benefit that can be paid as a lump sum is four times your final salary together with the accumulated value of your personal contributions to the Pension Plan including any AVCs that you may have made. Any lump sum death benefit will be payable by the Trustees of the Plan to one or more beneficiaries chosen in accordance with the Plan rules.

You may, however, wish to assist the Trustees in exercising their discretion by indicating the person(s) to whom you would wish the lump sum to be paid. A Wishes Form, available from your HR Team, should be completed to notify the trustees of your nominated beneficiaries in the event of your death.

Lump sum death benefits are not subject to income tax, but under current legislation, benefits paid to a person other than a spouse may be liable to Inheritance Tax.

Any balance of death benefit that cannot be paid as a lump sum will be applied to provide a pension or Approved Retirement Fund for your surviving dependents, subject to certain restrictions.

Zoetis with our insurance company offer long term disability cover, which is payable after six months sickness absence, once approved by the insurance company.

The Zoetis Travel Security Program provides colleagues with tools to help ensure safe business travels. Our goal is to provide the traveler with security, safety, and medical resources should they be required. Before scheduling business travel, please review the Zoetis International Travel Checklist. This Checklist contains answers to common travel security questions and links to important security resources.

The recognition of your service to Zoetis is important. 

If you complete 5 years’ continuous service with Zoetis, your standard holiday entitlement will be increased by one day per annum from the 1st January following the year you complete 5 years’ service. 

If you complete 10 years’ continuous service with Zoetis, your standard holiday entitlement will be increased by a further day up to a maximum of 27½ days per annum from the 1st January following the year you complete 10 years’ service.  

For referring someone to a role at Zoetis, you may be eligible to receive a €1,500 EURO referral bonus. See the Employee Referral Program policy document for complete terms and eligibility.