Faculty Full Time

SAINT MARY’S COLLEGE BENEFITS IN BRIEF
FOR FULL TIME FACULTY

June 1, 2017 through May 31, 2018

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BENEFIT

WHO PAYS

WHAT YOU RECEIVE

Health Insurance
Anthem PPO

Saint Mary’s & You

Two (2) Preferred Provider Option (PPO) medical plans are available for both single and family coverage. Coverage is available on your employment date.  

Dental Insurance
Lincoln

Saint Mary’s & You

Three (3) dental plan options are available including options for both single and family coverage. Coverage is available on your employment date. 

Vision Plan
UnitedHealthCare

You

Two (2) vision plan options are available including family, employee + 1, and single coverage options. Coverage is available on the first of the month following your employment date. 

Basic Life, Accidental Death and Dismemberment
Lincoln Financial Group

Saint Mary’s

Coverage in amount equal to 200% of basic annual earnings with a maximum benefit of $50,000.

Optional Life Insurance
Lincoln Financial Group

You

Employees may purchase insurance equal up to 7 times the employee’s annual base salary rounded to the nearest thousand to a maximum of $500,000.  Premiums are based on age-banded rates.  Evidence of Insurability may be required.

Spousal Life Insurance
Lincoln Financial Group

You

Spousal life insurance is available equal up to 3.5 times the employee’s annual base salary rounded to the nearest thousand not to exceed 50% of the employees elected optional life amount.  Evidence of Insurability may be required.

Dependent Life Insurance
Lincoln Financial Group

You

Dependent life insurance is available for children aged 14 days – 19 years (25 if full time student) based on the following increments of $2,000, $5,000, $10,000 or $20,000.  Employee must be enrolled in optional life insurance.

Flexible Spending Accounts Medical and Dependent Care Reimbursement Accounts

You

There are two Flexible Spending Accounts, the Health Care Spending Account(maximum $2,650/employee) and the Dependent Care Spending Account (maximum $5,000/family), that enable you to set aside pre-tax dollars to pay for eligible health care or dependent care out-of-pocket expenses. Participation is optional.

403 (b) Retirement Plan
TIAA-CREF

Saint Mary’s

Employees are covered under the Teacher’s Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF).  Eligible for full participation after 2 years of service.  The program is vested immediately.  The 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.

*The two year wait period for full participation may be waived upon verification of having two years of full-time consecutive service at another qualified institution of higher education.

Tax-Deferred Annuity Options
TIAA-CREF

You

Participation is 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.

Long Term Disability Plan
Lincoln Financial Group

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
Lincoln Financial Group

You

Participation optional.  Short Term Disability insurance pays you a portion of your earnings if you can’t 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 one (1) year of employment, reimbursement of up to $2,000 of expenses incurred in the process of adopting a child will be available.

Direct Deposit

You

Saint Mary’s does not issue payroll checks.  Pay is direct deposited.  We can accommodate any bank of your choice for direct deposit purposes. A branch of 1st Source Bank is located on campus for convenience. You may open a free checking or savings account. Faculty are paid monthly.

Moving Expenses

Saint Mary’s

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

Employee Assistance Program
New Avenues

Saint Mary’s

Program designed to provide confidential counseling services to employees and their family members to include 5 visits per eligible family member. The Program covers individual, family and marital counseling as well as a variety of additional counseling needs.  

Educational Benefits
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 of full time faculty, who meet the admission requirements, are eligible to work toward a degree (undergraduate only) from Saint Mary’s College with 100% of tuition waived. 

Educational Benefits  

Family Tuition Benefits at
University of Notre Dame

 

Employee & Family Tuition Benefits through Tuition Exchange Programs

 

 

Family Tuition Benefits through Tuition Grant Plan

 

 

 

 Saint Mary’s

Dependent children of full-time Faculty are eligible for 100% tuition remission (undergraduate only) at the University of Notre Dame.  Remission is limited to 8 semesters.

Employees and Dependent children of full-time faculty are eligible to apply for tuition remission at another member college.  The Catholic College Cooperative Tuition Exchange (CCCTE) 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.

Dependent children of tenured faculty are eligible to apply for a tuition grant at an institution of higher education (undergraduate).  If approved, the amount of the grant will be the lesser of the following amounts:  (a) the tuition and fees at the institution attended, (b) 1/3 of the current tuition for full-time students at Saint Mary’s College.

Saint Mary’s College Bookstore
University of Notre Dame Bookstores

 

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 Bookstores on most items.   

Athletic Facilities

Saint Mary’s

Employees are able to access the athletic facility for recreational use during regular operational hours by presenting your Saint Mary’s College I.D. card.  Facilities on campus include outside tennis courts, indoor track, and fitness/weight lifting equipment.

Library Services

Saint Mary’s

Books and other materials may be borrowed upon presentation of your College identification card.

Other Discounts

 

Various discounts are also available including car rentals and AT&T Wireless.  *Subject to change without notice.

 

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.