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Borders Group, Inc.

2008 benefits summary

This summary is intended to generally assist you in understanding the provisions of our benefit plans. However in the event of any conflict between the terms of this summary and the terms of the plans or applicable state or federal laws, the terms of the plan documents, company policies or laws shall prevail.

PLAN	BENEFIT	START DATE	AUTO ENROLL	OPT. ENROLL	KEY POINTS
Medical	Comprehensive Hospital, Surgical and Medical coverage, including routine exams	1st of month following 1 month of regular, full-time service		X	Prescription drug program with low generic co-pay. Same-Sex Domestic Partner coverage.
Dental	Preventive, Restorative and Orthodontic treatment	Same as Medical		X	Preventive care paid at 100%. Same-Sex Domestic Partner coverage.
Vision	One eye exam annually and eyeglasses or contacts annually	Same as Medical		X	Same-Sex Domestic Partner coverage.
Flexible Spending Accounts	Health Care Account up to $3600; Dependent Care Account up to $5000	Same as Medical		X	Tax savings to participants.
Basic Life Insurance	1 times annual base pay, rounded to next thousand	Same as Medical	X		100% Company-paid.
Supplemental Life Insurance	3 Options: 1,2 or 3 times annual base pay, up to max. $2.5 million when combined with Basic Life. Rounded to the next thousand	Same as Medical		X
Dependent Life Insurance	For spouse or same-sex domestic partner, elect $25,000 or $50,000 coverage; for dependent children, elect $5,000 or $10,000 coverage	Same as Medical		X
Business Travel Accident	2 times annual base pay, up to $500,000	First day of employment	X
Short-Term Disability	Weeks 2-6 80% of pay Weeks 7-26 60% of pay (50% of pay for weeks 2-26 if go on disability with less than one year of regular, full-time service)	1st of month following 6 months of regular, full-time status	X
Long-Term Disability	40-60% of pay up to age 65; min-$50/max-$10,000/month	Same as Short-Term Disability	X	X	40% Company-paid benefit after 18 months of regular full-time service; may buy-up to 60% coverage; 60% Optional plan available upon eligibility.
Long-Term Care	Insurance to help pay for home health care or nursing home care; options of $100, $150 or $200 daily benefit for a 2 or 5 year term.	Generally same as Medical		X	Portable benefit with employee rates available to employee spouse/same sex domestic partner, parents, grandparents and in-law parents and grandparents.
Part-Time Medical & Dental/Vision	Limited Medical benefits. Discounts on services for Dental and Vision.	1st of month following 1 month of regular, part-time status		X	Medical includes choice of benefit levels of coverage. Same-Sex Domestic Partner Coverage.
401(k) Savings Plan	Pre-and/or after-tax contributions.	1st of month following eligibility criteria of at least age 21 with 6 months of service, and at least 500 hours worked in those 6 months OR at least age 21 and at least 1,000 hours worked in anniversary year		X	Up to 50% of pay may be contributed, regardless of whether pre- or after-tax. Broad selection of investment options, including Advise Access. Loan feature.

Other Perks

Store Discount
Up to 33% discount on most store and kiosk items.

YouDecide Voluntary Benefits
Discount auto, homeowners, renters, boat and pet insurance. Also discounts on home, auto and boat financing, as well as select consumer products.

Employee Assistance Program
Confidential assistance to regular, full time employees and their dependents for counseling on personal, legal and financial issues.

Adoption Assistance
Reimbursement of a portion of adoption expenses.

Savings Bonds
Purchase U.S. Savings bonds through payroll deduction.

Gold's Gym
A discount on Gold's Gym memberships nationwide.

AT&T Mobility
Discounts on monthly applicable charges, cell phones, and accessories.

Daimler Chrysler
Purchase most Daimler Chrysler vehicles at the Preferred Price of 1% below factory invoice (may vary).

Chase At Work Program
If you have a direct deposit account, you can receive discounts on mortgage rates, credit cards, and checking with no fees.

Wells Fargo Employee Financial Solutions
Discounted banking programs and mortgages. Educational services, including resource and scholarship search engines and student loans.

1-800-Flowers.com
Discounts on gifts and flower purchases.

T-Mobile Hotspot
Discount rate of $19.99/month for wireless Internet access for laptops or PDAs (may vary).

Natural Alternatives
Discounted services for Aetna Medical Plan participants on chiropractors, acupuncturists, massage therapists, nutritional counselors and some health-related products (not available in all states).

Tobacco Cessation
Program to help full time Medical plan participants 18 or older quit using tobacco products.