SAINT MARY’S COLLEGE BENEFITS IN BRIEF FOR HOURLY STAFF
June 1, 2016
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BENEFIT |
WHO PAYS |
WHAT YOU RECEIVE |
Health Insurance |
Saint Mary’s & You |
See health insurance benefit sheet describing the health plan and the cost to you. |
Dental Insurance
Aetna Dental |
Saint Mary's & You
|
See dental insurance benefit sheet describing the dental plans and the costs to you. |
UnitedHealthCare Vision Plan |
You |
Two coverage options for eye exams, frames, lenses, and contacts through UnitedHealthCare Vision providers are offered at a reasonable monthly cost. |
Basic Life — Accidental Death and Dismemberment |
Saint Mary’s |
Coverage in amount equal to 200% of basic annual earnings with a maximum benefit of $50,000. |
Optional Life Insurance |
You |
Employee may purchase insurance equal to 1, 2, 3, 4, 5, 6 or 7 times their annual base salary rounded to the nearest thousand to a maximum of $500,000. Premiums are based on age-banded rates. |
Spousal Life Insurance | You | Spousal life insurance is available equal to .5, 1, 1.5, 2, 2.5, 3 or 3.5 times their annual base salary rounded to the nearest thousand not to exceed 50% of the employees elected optional life amount. |
Dependent Life Insurance |
You |
Dependent (child) life insurance is available to purchase for children aged 14 days - 19 years (25 if full time student) at $2,000, $5,000, $10,000 or $20,000. Employee must be enrolled in optional life insurance. |
Retirement Plan |
Saint Mary’s |
Employees are covered under the Teacher's Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF). The program is vested immediately. The level of participation is as follows:
|
Supplemental Retirement Annuity Plan |
You |
Participation optional. By means of a salary reduction agreement, a portion of your taxable income is set aside on a pre-tax basis for retirement benefits. Variety of investment options available. |
Medical and Dependent Care |
You |
You may participate through pre-tax payroll contributions in either or both reimbursement plans. Information is available on each option. |
Long-Term Disability |
Saint Mary's |
After five months of total disability, eligible for payment of 60% of total monthly earnings. |
Short-Term Disability
|
You
|
Participation optional. Short-term disability insurance pays you a portion of your earnings if you cannot work because of a disabling illness or injury. Benefits could continue until you are eligible for Long-term disability. |
Adoption Benefit |
Saint Mary’s |
After 1 year of employment, reimbursement of up to $2,000 of expenses incurred in the process of adopting a child. |
Direct Deposit |
You |
Saint Mary’s does not issue payroll checks. Pay is direct deposited. Our preference is that you bank with 1st Source Bank (a branch is located on campus). You may open a free checking or savings account. We can also accommodate other banks for direct deposit purposes. Employees are paid on a bi-weekly basis. |
Employee Assistance Program |
Saint Mary’s |
Program designed to provide a confidential service to employees and their dependents with personal problems. Participants are eligible for 5 face-to-face visits per family member per contract year at no cost to you. |
Employee Tuition Plan |
Saint Mary’s
|
Following completion of the 90-day trial period, employee is eligible to take one class per semester tuition free. Not applicable to registration fees, special fees or books. |
Educational Benefits - |
Saint Mary’s
|
After 1 year of full-time employment, wives and female dependent children who meet the admission requirements are eligible to work toward a degree from Saint Mary’s. After 4 years of full-time employment, tuition remission is at 100%. Tuition remission is based on a graduated schedule between 1 and 4 years of employment. Remission is limited to 8 semesters of undergraduate study. |
Educational Benefits - Other Institutions |
Saint Mary’s |
After 3 years of full-time employment, dependent children (undergraduate only) are eligible for 100% tuition remission at the University of Notre Dame. Remission is limited to 8 semesters. Dependent children of full-time employees are eligible to apply for tuition remission at another member college. The Catholic College Cooperative Tuition Exchange (CCTE) is a consortium of regionally accredited colleges or universities listed in the current Official Catholic College Directory. Visit their website at www.CCCTE.org for more information. The Council of Independent Colleges Tuition Exchange Program (CIC-TEP) is a network of CIC colleges and universities willing to accept, tuition free, students from families of full-time employees of other CIC-TEP institutions. Visit their website at www.cic.edu for more information.
|
Vacation |
Saint Mary’s |
Regular full-time employees begin to earn vacation from date of hire. Vacation accruals are based on actual hours worked each pay period. Full-time employees are eligible for: |
Sick Time |
Saint Mary’s |
After completing the 90-day probationary period, regular full-time employees begin to accrue sick leave. Sick time is earned at the rate of 1 day per month for each month of continuous active service. |
Personal Time |
Saint Mary’s |
After completing the 90-day probationary period, regular full-time employees are eligible to use up to 5 days per fiscal year of accumulated sick time for paid personal time. This personal time is deducted from accrued sick time and does not accumulate from year to year. |
Paid Holidays |
Saint Mary’s |
Christmas Day, the day before or after Christmas, New Year’s Day, Memorial Day, Independence Day, Thanksgiving Day and Good Friday. Other days as authorized by the President. |
Staff Discounts and Privileges |
|
Your Saint Mary’s ID will allow you a 20% discount at the Saint Mary’s College bookstore, as well as a discount at the Notre Dame Bookstore. Discounts are also available for many cultural and athletic events. Employees also may access the library, and athletic facility. |
This Benefits in Brief attempts to summarize benefits. For a complete explanation of the benefit, the Employee Handbook and/or Summary Plan Description serve as the definitive source on the benefits available. |