The University of Findlay

Printer Friendly Version FRINGE BENEFITS (effective 01-01-2012)
		Yearly Employee Contribution	Yearly University Contribution

1.	Social Security and Medicare: on the first $110,100	5.65%	7.65%
2.	Life Insurance: $30,000	$15.00	$45.12

	Optional Life: You may purchase up to two times your annual salary which is based on age and salary. The maximum for any employee is the lesser of two times the annual salary or $150,000. The University pays 50% of the monthly cost. Dependent Life Insurance Coverage: You may enroll spouse and children in the term life insurance plan. There are two options available from which to choose.


3.	Comprehensive Major Medical and Prescription Drug (2 plans are currently being offered)				Self-funded - Claims & Contributions Paid as Needed
			Yearly Plan B	Yearly HDHP
Single per year (employee)			$2,016.00	$1,308.00

EE+child(ren) per year (employee + child(ren)			$3,224.16	$2,119.20

*Two Person per year (employee + spouse)			$4,030.32	$2,648.64

*Family per year			$5,216.88	$4,153.68
* Spousal Carve out - Employees whose spouse is offered medical coverage through their employer and chooses to keep their spouse on the University plan as primary coverage, will have an additional $50.00 added to their monthly medical premium. The employee's spouse may remain on the University's medical plan as secondary coverage with no premium penalty. The employee is required to have the spouse's employer complete the spousal carve out document and return to the Office of Human Resources within 30 days of hire date.
			Monthly Plan B	Monthly HDHP
	Single per month (employee)		$168.00	$109.00

	EE+child(ren) per month (employee + child(ren)		$268.68	$176.60

	Two Person per month* (employee + spouse)		$335.86	$220.72
	Family per month*		$434.74	$346.14

			Yearly	Monthly
4.	Vision:	Single	$148.20 $12.35		$ .00
		Two Person	$224.52 $18.71
		Family	$400.08 $33.34


5.	Long Term Disability: (after one year)		$ .16/100		$ .16/100


6.	Dental: (after one year)		Yearly	Monthly
		Single	$116.04	$ 9.67	$ 464.76
		Family	$335.76	$27.98	$1,343.04

7.	Workers' Compensation:		$0.00		Total Amount, if certified

8.	Flexible Benefit Plan: Experience significant tax savings by contributing pre-tax dollars for medical and/or dependent care expenses.

9.	TIAA-CREF Retirement Plan is a defined contribution plan that operates under Section 403(b) of the Internal Revenue Code (IRC). Eligible employees must, as a condition of employment, begin participation in this Plan on the first of the month after you fulfill the following requirements: complete one full year of employment at The University of Findlay and are 21 years of age. Plan Contribution as a percentage of Compensation: Participation in this plan is mandatory after one year of employment with the University. During years one through five of eligibility, the University contributes 5% and the employee is required to contribute 5% of his/her annual salary. For years six through ten of eligibility, the University contributes 7% and the employee contributes 3%. After ten years of eligible employment, the University contributes 10% and the employee contribution ceases. StraightLine: A research-based professional management firm offers proactive services to 403(b) participants. Contact a StraightLine representative to manage your 403(b) account at (419)425-8440 or visit www.myrplan.com/oilers.

10.	Tuition remission for The University of Findlay employee, spouse, and/or dependent children under 25 years of age after completion of five (5) months of employment. Employees and/or dependents may apply to enroll in the first full semester or term after meeting this requirement (apply for admission as all other students do and be accepted based on the established criteria). This includes both undergraduate and graduate basic tuition; taxes on employee graduate tuition may be incurred whereas spousal or dependent graduate tuition will incur taxes. Costs for textbooks, materials, additional fees, room and board, and miscellaneous fees are not included in the tuition remission policy. The University of Findlay currently participates in several different tuition exchange programs.

11.	The University Stores offers a 10% discount on purchase of supplies, gifts, textbooks, and clothing to all university employees (a valid Employee Identification Card is MANDATORY at time of purchase).

12.	Use of all campus facilities (e.g. Croy Gymnasium, Gardner Fitness Center, Koehler Fitness & Recreation Complex, Shafer Library).

13.	Tickets to on-campus events as long as the event is not sold out. (Tournaments, Concerts, and Summer Stock not included.)

14.	Paid vacation for staff and administrators is accrued at the following rates:
	Part-time staff (if eligible): Pro-rated hours per month
	40 hour staff: Years 1 - 5 6.67 hours per month (2 weeks)
	Years 6 - 10 10.0 hours per month (3 weeks)
	Years 11 - on 13.33 hours per month (4 weeks)
	Administrative: From hire date 13.33 hours per month (4 weeks)

15.	Sick Leave for staff and administrators is accrued at the following rates:
	Part time staff (if eligible):	Pro-rated hours per month
	40 hour staff and administrators:	8.0 hours per month

	All new employees have a 3-month probationary period before sick leave accruals begin.

16.	Paid holidays include: New Year’s Day, Dr. Martin Luther King, Jr. Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving (2), Christmas Eve, Christmas Day, and New Year’s Eve.

17.	Direct Deposit is mandatory for all payroll checks.

18.	Pay Dates are the 15^th and 30^th of every month. If payday falls on a holiday or weekend, checks are distributed the day before. Pick up your first paycheck in the Office of Human Resources. Direct deposit stubs will be mailed directly to you through campus mail.