Welcome aboard the mighty Kraken! We are an international ship of adventure-seekers, out-of-the-box thinkers, and professional pirates, all working together to accelerate the worldwide adoption of cryptocurrency. What lies ahead is vast, deep, and waiting to be discovered. Are you ready to begin your journey?
At Kraken, we’re all about Life, Liberty, and the Pursuit of Financial Freedom—not only for our company, clients, and partners, but most importantly, for our Krakenites. To set you on a course for success, we offer a wide variety of health and wellness benefits. Get ready to explore your options, choose what works best for you, and use the many resources available to help you live a life of riches—physically, emotionally, and financially.
Your adventure awaits. Choose your path to unleash your benefits!
| Who is Eligible | Eligibility |
|---|---|
| You | You must be a direct hire employee of Kraken’s legal entities in Ireland. |
| Your Dependents | Your spouse or domestic partner, or any child for whom you or your partner are responsible for who is unmarried and under the age of 21. |
| Benefits | Effective Dates |
|---|---|
| Medical and Dental | Date of enrolment |
| Life Assurance and Income Protection | Date of hire |
| Pension | Date of enrolment |
| Benefits | Enrolment Period |
|---|---|
| Medical and Dental | You have 30 days from the date of the Welcome Email to complete your enrolment. |
| Life Assurance and Income Protection | Enrolment is automatic from your date of hire. |
| Pension | You can choose to enrol into the pension scheme at any point in the year. Should you wish to opt out, you will have 30 days from your scheme effective date |
We’re proud to have partnered with Irish Life to offer you a medical insurance plan designed to help you and your family get the quality care you need. Through your Irish Life membership, you will have access to wellbeing services, treatments, diagnosis and recovery benefits.
Even better, Kraken will fund the full cost of the annual premium for you and your dependents, meaning you will only be responsible for the tax on the premiums paid!
Please visit our Ireland Benefits Summary Page on Confluence (internal only) to learn more. Alternatively, visit the Resource Library for provider contact details, plan information and the Irish Life Medical Insurance membership guide.
Keep those pearly whites healthy with regular dental care. DeCare Dental Insurance is Ireland’s only specialist dental provider. Through DeCare Dental, Kraken is able to provide great value dental insurance to help you cover the costs of preventative and restorative treatment.
| Category and Waiting Period | Summary of Coverage |
|---|---|
| Care and Prevent (100% Cover) | 2 dental exams per year |
| Immediate Cover | 2 dental cleanings per year Dental x-rays |
| Basic Treatment (70% Cover) Immediate Cover | Filling Extractions Treatment of gum disease Sealants (for children) Space maintainers (for children) Stainless steel crowns (for children)s |
| Major Treatment (70% Cover) Immediate Cover | Root canal Dentures, bridges & implant supported crowns Crowns, inlays, onlays & veneers |
| Oral Cancer Benefit Immediate Cover | €2,000 lifetime lump sum benefit €3,000 lifetime oral rehabilitation benefit |
| Orthodontics After 18 Months | €1,250 lifetime orthodontic benefit for each covered person |
Please visit our Ireland Benefits Summary Page on Confluence (internal only) to learn more. Alternatively, visit the Resource Library for provider contact details, plan information and the DeCare Dental Insurance membership guide.
Life Assurance through Irish Life provides financial security to you and your family if you pass away.
Life Assurance can help protect those you love from financial hardship in the face of the unexpected.
Eligible Krakenites automatically receive Life Assurance coverage in the amount of 4 times your basic annual salary. This coverage is provided at no cost to you and is effective from your date of hire.
In the event anything should happen to you whilst employed by Kraken, the company will make a lump sum payment to the beneficiaries of your choosing.
You may choose anyone to be the beneficiary of your Life Assurance policy, therefore, it is good practice to review your nominated beneficiaries periodically to ensure they reflect your current wishes.
For more information on nominating a beneficiary please visit the Ireland Benefits Summary Page on Confluence (internal only).
Income Protection through Irish Life provides financial security to you and your family if you become seriously ill or injured.
When you’re ill or injured, you may find yourself in unchartered waters. Kraken provides Income Protection assistance while you find your sea legs again.
Eligible Krakenites automatically receive Income Protection coverage. It pays a proportion of your lost earnings each month (75% of your basic salary less the state welfare benefit), which could help cover your monthly outgoings so that you are able to focus on getting better and back to work. Payments will continue until you return to paid work, or you retire.
This coverage is provided at no cost to you and is effective from your date of hire.
Krakenites are the reason our company continues to grow and succeed, and we want you to feel part of our unique company for years to come and partake in making our wins your wins too. That’s why we offer nearly all our Krakenites a stake in the company.
Being ready for retirement is an important part of financial wellness. The key to success is to start saving now! Kraken has partnered with Irish Life, one of Ireland’s leading wealth and retirement businesses, to provide you with a competitive Defined Contribution workplace pension scheme so you can save a ton of loot!
The Irish Life workplace pension offers a wide variety of investment options so that you can choose the best option to suit your lifestyle.
Kraken practices contribution matching at a 1:1 ratio from the minimum contribution rates of 4% up to a maximum employer match of 8%, enabling you to maximise your savings. Please see the table below for an illustration.
| Employee Contribution | Employer Contribution Match |
|---|---|
| 4% | 4% |
| 5% | 5% |
| 6% | 6% |
| 7% | 7% |
| 8%* | 8%* |
*The employer contribution match is capped at 8%, however, you can increase your employee contribution beyond 8% up to any level you are comfortable with, provided you do not reduce your net pay below the national minimum wage.
Your pensionable earnings are based on your basic salary and any contributions made into your scheme will receive age-based income tax relief.
You can choose to opt out of your scheme if you are still within your 30 day opt out window (effective from your scheme start date), or alternatively, you can be placed on a ‘contribution holiday’ (if you are outside of your 30 day opt out window) which stops all contributions, both employee and employer, but keeps your scheme active.
Contribution changes however, can be made at any time in the year.
Don’t forget! You can also download the Irish Life Empower app to update your personal details, manage your investments, check your pension statements, and more. For further information please visit our Ireland Benefits Summary Page on Confluence (internal only).
This website highlights some of your benefit plans. Your actual rights and benefits are governed by the official plan documents. If any discrepancy exists between this communication and the official plan documents, the plan documents will prevail. The company reserves the right to change any benefit plan without notice. Benefits are not a guarantee of employment.
