Faculty Full Time

 

SAINT MARY’S COLLEGE BENEFITS IN BRIEF FOR FACULTY
June 1, 2013

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BENEFIT

 

WHO PAYS

 

WHAT YOU RECEIVE

Health Insurance
Anthem PPO
 

Saint Mary’s & You

See health insurance benefit sheet describing the health plan and the cost to you.

Dental Insurance

Saint Mary's & You

Option 1/Single: $16.08/month or Option 1/Family: $46.33/month Option 2/Single: $12.99/month or Option 2/Family: $37.52/month Option 3/Single: $ 7.20/month or Option 3/Family: $23.84/month For a detailed explanation of coverage under Options 1/2/3 please see the Humana Dental Insurance Comparison.

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.  Employees must be enrolled in optional life insurance.

Retirement Plan

Saint Mary’s

Employees covered under the Teacher’s Insurance and Annuity-College Retirement Equities Fund (TIAA-CREF). Full participation after 2 years of service. The program is vested immediately. College contributes 10% of the employee’s annual salary. Employee contributions are optional, but encouraged as they can be tax-sheltered. Those not immediately eligible for the full plan can choose to contribute 6% which will be matched by a 6% College contribution, or the College will make a 3% contribution on behalf of the employee.

Long-term Disability Plan  

Saint Mary’s

After six months of total disability, plan provides 60% of salary up to $10,000 per month. Plan provides for continuation of contributions to the TIAA-CREF retirement plan during period of employee’s disability.

          Short-term Disability Plan

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.

Medical and Dependent Care Reimbursement Accounts

You

You may participate through pre-tax payroll contributions in either or both reimbursement plans. Information is available on each option.

Tax-Deferred Annuity Options

You

Participation optional. By means of a salary reduction agreement, a portion of your taxable income is set aside for retirement benefits. Variety of investment options available.

Moving Expenses

Saint Mary's

10% of starting salary up to $5,000 max.

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. Faculty are paid monthly on the first day of the month.

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

Eligible to enroll in Saint Mary’s classes on a tuition free basis.

Educational Benefits - Family Tuition Benefits at Saint Mary’s College

Saint Mary’s

 

Wives and female dependent children who meet the admission requirements are eligible to work toward a Degree from Saint Mary’s. Full-time faculty are eligible immediately to have 100% of tuition waived for family members attending Saint Mary’s College.

Educational Benefits — Other Institutions

Saint Mary’s

Full-time faculty are eligible for tuition remission for dependent children attending the University of Notre Dame (undergraduate study only)  Children of tenured faculty are eligible to apply for a tuition grant at an institution of higher education. If approved, the grant will be the lesser of the following amounts:

  • the tuition and fees at the institution attended,
  • one-third of the current tuition for full-time students at Saint Mary’s

Dependent children of full-time faculty 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.

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.