BENEFIT SUMMARY Information in this document is subect to change at any time without notice
PTS INSURANCE / RETIREMENT Employer contributes 8% of all gross compensation (salary, stipends, bonus): 100% vested after 3 years. No employee match required. 100% of Employee Only cost (HMO plan). 60-day waiting period. Average 50-80% of Employee/Dependent Medical cost. 100% of Employee Only cost (HMO plan). 60-day waiting period. Average 30-50% of Employee/Dependent Dental and Vision cost. Basic Term Life and Accidental 100% of Employee cost – 60 day waiting period. Coverage is 2 times employee base annual earnings to a maximum of $500,000. First $150k offered on a Guaranteed Issue basis (without health questions or Death and Dismemberment 403(b) Retirement Plan: TIAA
Long Term Disability
60% of monthly per-disability earnings. Max limits apply. Paid after 90 days elimination (waiting) period.
Short Term Disability
66.67% of basic weekly per-disability earnings. Max limits apply. Paid after 7 days elimination (waiting) period.
VOLUNTARY EMPLOYEE SUPPLEMENTAL INSURANCE (NOT EMPLOYER SUBSIDIZED) Voluntary Life and Accidental Death
Coverage available in $10k increments up to 7 times employee annual salary or $500k max with $150k available on a guarantee issue basis. Voluntary available for spouse and child. Rates vary.
Supplemental Policies
Optional Accident, Hospital Indemnity or Confinement, Critical Illness, Cancer Protection.
Flexible Spending (FSA) Medical / Dependent Care
Allows employee to set aside money before taxes to use on eligible healthcare and Dependent care expenses. IRS limits: $3,300/$5,000. Limits subject to change by IRS
Preferred Legal
Legal and Identity Theft Plan (est. $17/employee only or $24 employee/spouse).
OTHER BENEFITS (SUBSIDIZED BY EMPLOYER) Professional Development
Faculty eligible for up to $500 per year. Allotment is not banked or accumulated each year.
Faculty Graduate Degree Employee Program
Opportunity to apply for $2,000/year funding for advanced degree employees. Cumulative amount not to exceed $10k. 95% Tuition only for employees’ children (biological and/or legal adopted). 1 year waiting period. Eligible to apply for need- based Financial Aid through Clarity Tuition during waiting period. Books/Uniform/Laptop not
Tuition Remission On-Campus Meals EAP Program (Employee Assistance Wellness Program
Breakfast and lunch approx $1,800/year tax free benefit. Guidance Resources – Provide confidential support/resources: Legal/Financial/Personal Issues. Massages, Biometric Screening, Fitbit Challenges, Zumba, Yoga, Bootcamp workouts.
Corporate Discounts
Working Advantage – Paycheck – provide discounted products and services. 60% savings on tickets, travel and shopping.
School Discount
Employee receives 10% discount at Campus Store.
Appreciation
Movie tickets (when available) and holiday luncheons/dinners.
PAID TIME OFF (PTO) Sick or Personal Absences: Unpaid Leave (FMLA Compliant)
Faculty 8 days. All other Employees: 10 days; Allowed to bank up to 30 days unused PTO for FMLA/emergencies. Up to 12 weeks (Family Medical Leave Act).
Jury Duty
Pay continuation during period of service.
Paid Holidays
Over 30 Days (paid Holidays includes legal holidays and periods of school closure, and is an estimate subject to changing needs of the School).
Bereavement Leave
3 Days.
Vacation
2–4 weeks based on years of service (exclude Faculty). 180 school days/over 30 days holidays and breaks. Support/Admin staff summer hours 9:00 am-3:00 pm. Revised January 2025