Faculty and Staff Benefit Summary
|Social Security||Eligible to participate upon hire||Dependent on years worked and amount contributed as established by law.|
|University Defined Contribution Retirement Plan (Diversified Investment Advisors)
||Plan entry is the 1st of the month following date of hire; unless date of hire is the 1st of the month.
||Mandatory Employee contribution 1%, Employer contribution is 10%. Funds at retirement are dependent on individual employee's allocation(s) and age at retirement.|
|Voluntary Retirement Plan (Diversified Investment Advisors)
Can be tax-sheltered up to the IRS maximum. An amount to be used for retirement or could be drawn upon earlier, if needed.
Post-tax Roth 403(b) options available as well.
Health and Dental Insurance
|Pioneer||1st of the month following date of hire; unless date of hire is the 1st of the month.
||PPO Option - Health Insurance including Prescription Drug, Alternative Care and Vision. Provider network is through Regence BlueCross BlueShield.|
|Kaiser Foundation||1st of the month following date of hire; unless date of hire is the 1st of the month.
||HMO Option - Health Insurance includes Prescription Drug, Vision and/or Dental Insurance
|Pioneer Dental Plan||1st of the month following date of hire; unless date of hire is the 1st of the month.
||Dental Insurance on Fee for Service Basis. No provider network (can choose any dentist).|
|Social Security||Earnings record of 20 quarters in preceding 10 years.||Established by law—Paid 100% by benefits at age 65. Payments begin after 5 months and last as long as disability continues or until age 65.|
|Worker's Compensation||Upon hire||Established by law. 66-2/3% of salary while recuperating from job related injuries, plus reimbursement of all medical expenses.|
|Long Term Disability||One year of employment or on a plan with prior employer||Replacement income. Combines with Worker's Comp. and Social Security where applicable. 60% of income up to $6,000/month, less the sum of benefits from other sources. Includes provision for partial disability. Pays retirement contributions. 90 day waiting period. Continues for length of disability or until age 65.|
|Group Life Insurance||1st of the month following date of hire; unless date of hire is the 1st of the month.
||Group (term) life insurance at 2 times annual salary.|
|Voluntary Insurance||Upon hire||Allows employee to choose from a variety of insurance plans, including whole and term life, short-term disability, long-term care, and many others. Coverage available for spouse and children under certain plans.|
|Travel Accident Insurance||Upon hire||$125,000 for loss of life, limb or sight while traveling on official college-authorized business.|
|Flexible Spending Account||Upon hire||Allows employee to pay for certain health related and/or dependent care expenses with pre-tax dollars.|
|Employee Assistance Program (EAP)||Upon hire||Provides free counseling (5 visits/incident/year) and other services (personal wellness, financial/legal consultations, ID theft, work-family life resources) for employees and their family.
|Voluntary Severance Arrangement||Twenty year employee having reached age 59||May provide income at 1/3 of last year worked plus continued health coverage, not to exceed three years of payments. Refer to Voluntary Service Arrangement Guidelines.|
|Tuition Remission||Six months of employment for employee & spouse. Five years for dependent children.||Tuition remission for dependent children requires a five-year waiting period, however, employment at other institutions of higher education will be counted toward the waiting period. Full tuition for dependent biological, step or adopted children. Tuition waiver for one class/ semester for employee and spouse. Additional classes at 50% of tuition cost.|
|Financial Planning||Immediately upon hire||Two hours of personal consultation by a cerfitied financial planner per year.|
|Pre-Paid Legal||Upon hire||Provides for a range of preventive and defensive legal services.|
Additional University Facilities and Services
- University Libraries
- Notary Service
- Voluntary Supplemental Insurance - AFLAC
- Bookstore Discount
- Campus Parking
- Credit Union
- University Recreation & Entertainment
- Check Cashing
- Thetford Lodge
- Food Service Discount
- Wellness Benefits
- Direct Deposit Payroll
- Mail Services
- Travel Center
- Sparks Fitness Center
- Cone Chapel
- Computer Purchase by Payroll Deduction
- Security Escorts