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Summary of Employee Benefits

Benefits available to full time employees (full time is classified as a minimum 3/4 time or 1560 hours per year) with exception of Worker's Compensation which available to all employees. 

Benefits are subject to change from time to time.

Workers' Compensation.  All employees while in an employment status and recognized volunteers are covered under workers' compensation. 

Employee Assistance Program (EAP)  The EAP is a confidential assessment, short-term counseling and referral service that provides direction to troubled employees and their families at no cost to the employee.  It is provided by Boone Hospital Center Employee’s Assistance Program.

Retirement Plan.  After one (1) year of service Stephens College provides a defined contribution tax sheltered annuity retirement plan (403(b)) for all benefit eligible employees at no cost to the employee.  Participation begins the thirteenth month of employment provided the employee makes application.  The one (1) year of service requirement will be met if the employee, immediately preceding employment at Stephens College, has been employed by any institution of higher education for the previous 12-month period.  Employees may choose either TIAA-CREF or Fidelity Investments, Inc. for investment of their retirement plan funds.

Additional information is available from Human Resources.

Contributions for base salary of employees or all salary of the employee.  (This mostly affects faculty who receive adjunct pay or additional pay for STI, SFI, or overtime.)

Employee Contributions to Retirement Plan.  Employees may make contributions to a supplemental retirement annuity plan (SRA) by completing a salary reduction agreement with the College and an application for TIAA-CREF or Fidelity Investments, Inc.

Health Insurance.                                                                                                                   •  www.myuhc.com

The Stephens College Group Medical Insurance Plan provides coverage for employees and their eligible family members. Employees are eligible for the plan on the first day of the month following the date of employment. Stephens College and the employee share the premium cost. Please refer to the Health Insurance Premium Schedule for rates. The employee's portion of the premium is paid by payroll deduction one month in advance of the covered period. The employee may elect to pay the premium on a pre-tax basis. Current coverage is provided through United Healthcare, offering two different choices of Preferred Physician Organizations (PPOs). If an employee declines coverage during the first 30 days of employment, the employee must sign a waiver form stating that medical coverage was offered. Open enrollment for medical insurance occurs annually during the month of November.

The College will pay a portion of the premium for all employees and eligible family members enrolled in the Plan.

Dental Insurance

The College offers a PPO dental plan. Participation is voluntary, with the employee paying 100% of the premium cost by payroll deduction each month. To qualify an employee must enroll in the PPO plan within the first 30 days of employment or during the open enrollment offered in December of each year.

Life & Accidental Death and Dismemberment Benefit.  The college offers a life and  accidental death and dismemberment benefit for all benefit eligible employees who have completed one (1) year of service.  In order to receive this benefit, the employee must submit an application to Human Resources.  The death benefit is provided at no cost to the employee.  The benefit amount is equal to one (1) year’s current annual base salary up to $125,000.

Disability Insurance.  Long-term disability insurance is available on an optional basis to all benefit eligible employees who have completed one (1) year of employment.  The disability insurance plan is a total disability plan and pays benefits after six (6) months of total disability.  Short-term disability insurance is available through an outside provider at full cost to the employee.

Faculty/Staff Tuition Grants. 

Definitions.

Dependent Student A dependent of a eligible employee, as defined by the IRS.

Eligible Employees.  A benefit eligible employee, or retirees of Stephens College with a minimum of five (5) years total service.  Note:  Temporary employees and Adjunct Faculty are not considered to be eligible employees.

Full-time Student.  A student enrolled in 12 credit hours or more per semester.

Sponsored Student A son, daughter, brother, sister, niece, nephew, granddaughter, grandson of a benefit eligible employee.

General.  Provided that all admission requirements are met, all dependent or sponsored students (hereafter referred to as student) of an eligible employee who has been employed for at least six (6) months shall receive a Faculty/Staff Grant to attend Stephens College.  The amount of this grant shall be that amount which is required to eliminate the annual tuition portion for a full-time student.  For a student enrolled less than full-time, the amount of the grant shall be equal to 80% of the charge for the courses taken.  The student must live on campus and have a meal plan.  All room, board and incidental fees, or charges will be charged and payment required.

1. Students of eligible employees may receive the Faculty /Staff Grant for up to eight (8) semesters of full-time equivalent enrollment.  If additional semesters are required for graduation, a written request for extension of the Faculty/Staff Grant must be submitted to the Vice President for Finance, whose decision will be final.
2. Eligible employees are allowed a maximum of three (3) sponsored student Faculty/Staff tuition grants during their employment at Stephens College.  This limit does not apply to dependent students.
3. While the Faculty/Staff Grant is awarded on the basis of service to Stephens College and is not need-based, eligible employees are required to submit application materials for federal and state need-based aid.
4. Should the student receive federal or state financial aid, the amount awarded will replace the Faculty/Staff Grant up to the amount of other aid received.
                         
   
5. No Faculty/Staff Tuition Grants are allowed for study abroad students.
6. Students of an eligible employee may continue to receive the Faculty/Staff Grant even though the individual is no longer considered an employee, under the following circumstances:
   When an employee resigns or is terminated for any reason, the Faculty/Staff Grant will continue only until the end of the semester during  which the termination occurred.If an eligible employee retires from the College and the student has not yet matriculated, the daughter may still receive a Faculty/Staff Grant, provided that she enrolls within five (5) years of the employee's documented retirement. Should an eligible employee become permanently or totally disabled the student may receive a Faculty/Staff Grant equal to the full amount of tuition, provided that s/he enrolls within five (5) years of the employee's documented determination of disability. In the event of the death of an eligible employee, the student may receive a Faculty/Staff Grant equal to the full amount of tuition, provided that s/he enrolls within five (5) years of the employee's death.  Subsequent students of a surviving spouse may not receive Faculty/Staff Grants, unless the surviving spouse is an eligible employee.
7. Benefits received on behalf of a sponsored student(s) who are not dependents could result in tax consequences to the employee.  Please consult with a tax advisor about this prior to enrolling the sponsored student.
8. These benefits extend to dependent sons and male sponsored students in programs offered by the College open to male enrollment.

Tuition Waivers at other institutions.  Stephens College offers two (2) programs to benefit dependent children of eligible employees, as defined in the Faculty/Staff Tuition Grant section.  Certain limitations on the number of students may be imposed.  Priority for selection will be granted based on an eligible employee's total years of service at Stephens college, regardless of breaks in service.

Stephens college has a designated officer (in Stephens College’s Admission Office) that should be contacted for additional information.

Employee Tuition Grant.  To encourage the personal development of employees, Stephens College provides a waiver of tuition costs for classes taken at the College.  In order to be eligible, an employee must have completed six (6) months of service as a benefit eligible employee.  This program is subject to the following conditions:

1. Employees desiring to enroll in classes must obtain approval from their supervisors.  In granting approval, the supervisor will take into full consideration the employee's work load and the importance of the employee's presence on the job to the maintenance of the efficiency and effectiveness of the work group.
2. Employees must apply for admission and be accepted through the Graduate and Continuing Studies (GCS) department.  Once accepted, the employee must follow the same policies effective for all students seeking a degree through GCS.
3. One (1) class may be taken per semester at 100% tuition waiver.  The college will provide an 80% tuition waiver for additional classes taken during the same semester. 
4. When class size and applicable prerequisites permit, spouses of benefit eligible employees completing six (6) months of service may enroll (to audit or for credit) in any on campus course of instruction offered by Stephens College.  The College provides 80% of the cost of tuition for up to 3 credit hours per semester.  Registration is processed through and governed by all policies and regulations of the GCS program.
5. Employees shall receive full pay for time spent in classes during normal working hours, up to three (3) hours per week. 
6. Employees are expected to make up work time lost as a result of class attendance.  However, only at the request of the supervisor will an employee who is attending classes during the workday be required or allowed to work overtime.
7. If an employee retires and has completed five (5) years of service, the employee may continue to take classes at  Stephens College after retirement.  There is no limit on the number of classes taken per semester for the retiree.
8. Upon successful completion, employees may be reimbursed for tuition paid for classes and training programs through GCS for those programs that are deemed job related by the program chair or director.

Flexible Benefits Program. 

Flexible Spending Accounts allow you to avoid paying income taxes on Health Care & Dependent Care expenses you are already incurring.  During open enrollment in December ( or upon employment) employees estimate annual expenses for the following calendar year and reduce their take home pay in equal amounts each pay period.  As medical or child care expenses are incurred employees submit receipts for reimbursement.  For the Health Care FSA, eligible expenses include co-pays, prescription drugs, many over-the-counter medications, dental work, and chiropractic services " Stephens College uses ASIFlex http://www.asiflex.com/ a national company headquartered in Columbia, to administer its Flexible Spending Accounts (FSA) program. 

A waiver must be signed if an employee does not wish to participate in the program.

All administrative costs for this program are borne by the College.

 

Miscellaneous Benefits.  The following miscellaneous benefits are currently available to employees subject to restrictions and limitations that may be imposed by the college from time to time.
                        
Recreation.  Employees may use the tennis courts and swimming pool at no charge. 

Professional Memberships.  Employees are encouraged to participate in and continue their professional development while employed by Stephens College.  Approval of a College sponsored membership in an appropriate professional organization will be the responsibility of the employee's supervisor.

Campus Services. Employees may use the Commons facilities.

Retired Staff & Faculty Members.  Benefits available to retirees include:

1. Use of the library, including check-out privileges.
2. Two (2) season tickets to Playhouse productions and admission to all lectures and other cultural events that are sponsored by the College.
3. A standing invitation to open social events.
4. Use of Tennis and Pool facilities owned by the College at no charge.
5. Inclusion in the College's mailing list.
6. Complimentary subscription to Stephens Life.
7. Permanent Identification card.
8. E-mail account
9. Participation in academic processions, ceremonies and attendance at Fall Faculty Conferences. (Faculty only)

A list of retired faculty will be maintained in the Office of the Vice President of Academic Affairs.  A list of retired staff will be maintained in the Human Resources Office.

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