Protecting Our Employees During the COVID-19 Pandemic
When prospective employees are considering their career options, they are looking for companies that share their values, offer competitive wages and benefits, provides opportunities for learning new skills and achieving career advancement, and allow flexibility to balance work and personal interests. During the COVID-19 pandemic, AEP took significant steps to keep our employees healthy while ensuring our ability to serve our customers. We instructed all employees who were able to work from home to do so to help prevent the spread of the virus, closed all AEP facilities to outside visitors and curtailed all non-essential travel and participation in face-to-face meetings.
In addition, as employees grappled with unprecedented challenges and personal demands arising from the COVID-19 pandemic, AEP worked to develop a comprehensive set of pay and leave programs to support employees across a wide range of situations. This was guided by a goal to protect and provide fair continuation of wages and benefits while limiting exposure risk to protect the health of employees and their families.
We also made several enhancements to AEP’s Medical Plan and Retirement Savings 401(k) Plan for employees impacted by COVID-19. The AEP Medical Plan changes align with new federal requirements and provides temporary enhancements to employees and their families with flexible options, many with no cost, when seeking health care. AEP’s 401(k) changes provide hardship relief through the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides options for accessing funds from 401(k) accounts due to financial hardship related to the coronavirus.
Learn more in COVID-19.