Stephens College: Human Resource-Summary of Employee Benefits

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.

1. Insurance

Employees must enroll within first 30 days of employment
Eligibility begins on the first day of the month following a complete month of service
The employee’s portion of the premium is paid by payroll deduction one month in advance of the covered period
Provides coverage for employees, eligible family members & domestic partners
Please refer to the Health Insurance Premium Schedule for rates
Waiver of insurance coverage still requires waiver signature on enrollment form
Open enrollment occurs annually during the month of November. Coverage is effective December 1^st

Group Medical Insurance

Health Insurance provider is Aetna
Stephens College and the employee share the premium cost
Two different choices of Preferred Physician Organizations (PPOs)

Dental Insurance

Dental Insurance provider is Guardian
The employee pays 100% of the premium

2. Employee Assistance Program (EAP)

EAP is a confidential assessment, short-term counseling and referral service.
Provides direction to troubled employees and their families
No cost to employees
Provided by Boone Hospital Center Employee’s Assistance Program
573-815-6034 or 877-327-0327

3. Supplemental Retirement Annuity

Any time during employment, employees may enter into a written agreement with the College to make contributions to a retirement account with either TIAA-Cref (Teachers Insurance Annuity Association-College Retirements Equities Fund) or Fidelity Investments
Employee contributions are made under Section 403(b) of the Internal Revenue Code and are applied to individual accounts issued to each participant by the retirement company selected by employee
Must complete chosen company enrollment form and a salary reduction agreement.

4. Flexible Spending Accounts

Flexible Spending Accounts (FSA) allows employees to redirect a portion of their salary for non-cash benefits thus avoiding federal, state, and county taxes, including social security
Our provider, ASI Flex, features two flexible spending accounts (1) health care reimbursement and (2) dependent care reimbursement
During open enrollment in November (or upon employment) employees estimate annual expenses for the following calendar year or remainder of the year and reduce theirtakehome payin equal amounts each pay period
As health or dependent care expenses are incurred, employees submit receipts to ASI for reimbursement
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

5. Faculty/Staff Grant

Benefit begins 6 months after the employee’s hire date
Students must meet all admission requirements at the time of application for admissions to the college. Enrollment is contingent upon available space in the course/s requested
Tuition is waived at 100% for full-time students and 80% for part-time students. All other expenses associated with enrollment are the sole responsibility of the employee. This includes fees, lab expenses, books and other miscellaneous expenses
Students are required to submit application materials for federal and state need-based aid. Should the student receive federal or state financial aid, the amount awarded will replace the tuition waiver up to the amount of other aid received
Full-time students must live on campus and have a meal plan. All room, board and incidental fees, or charges will be charged and payment is required
Students may receive the tuition waiver for up to eight (8) semesters of full-time equivalent enrollment
The employee must remain employed while student is enrolled in classes
If an employee resigns or is terminated for any reason, the tuition waiver will continue only until the end of the semester during which the termination occurred
If an employee retires, becomes permanently disabled or dies and his/her dependent has not yet matriculated, the dependent may receive a tuition waiver provided enrollment occurs within five (5) years of the employee’s documented retirement. Subsequent dependents may not receive the waiver
All tuition waivers are subject to the tax laws applicable at the time of the waiver. This benefit may be taxable fringe benefit to the employee

6. Employee Tuition Grant

To encourage the personal development of employees, Stephens College provides a waiver of tuition costs for classes taken at the College through the Division of Graduate, Online & Non-Credit Programs (GCS).

This benefit will begin based on the employee’s first day of employment per the chart below:

First day of work	Wait Semester	Tuition-Benefit Semester
Feb. 1 – June 9	Summer	Fall
June 10 – August 31	Fall	Spring
Sept. 1 – Jan. 31	Spring	Summer

This program is subject to the following conditions:

Employees must apply for admission and be accepted through the Division of Graduate and Continuing Studies (GCS). Enrollment will be contingent upon available space in the course/s requested
Tuition for employees enrolling through GCS will be waived at 100%. All other expenses associated with enrollment are the sole responsibility of the employee. This includes fees, lab expenses and books
Employees may not exceed part-time student status in any given semester. Part-time will be defined as six (6) credit hours in one semester or summer session
Employees must obtain approval from their supervisors prior to enrollment. Employee's work load and presence on the job to maintain the efficiency and effectiveness of the work group will be taken into full consideration by supervisor
If a course requires an employee to be away from work during his/her regularly scheduled shift, the employee is to make prior arrangements with his/her supervisor to make up lost work time
If an employee resigns or is terminated for any reason, the tuition waiver will continue only until the end of the session during which the termination occurred
Spouses/domestic partners of employees are eligible to enroll in courses offered through GCS for this benefit when space permits. The College discounts 80% of the cost of tuition, provided no other tuition reimbursement program is available. All other expenses associated with enrollment are the sole responsibility of the student. This includes fees, lab expenses and books

7. CIC-TEP and Tuition Exchange

The College participates in two exchange programs that allow dependents of employees to attend other colleges in the exchange programs at discounted tuition rates, or possibly even tuition free

Exchange programs: The Council of Independent Colleges or TheTuition Exchange
Employees must be employed by Stephens College for 6 months and to be eligible for this benefit
See the Human Resource office for more details

8. AFLAC Supplemental Insurance

AFLAC offers a variety of supplemental insurance plans to our employees.
Supplemental Plans offered: Short-term disability insurance, Accident insurance, Cancer insurance and Personal recovery insurance
Insurance is portable; employee may continue participation in the insurance even after they are no longer employed with the College
Participation is voluntary
Employee pays 100% of the premium cost through payroll deduction
There is no waiting period for these benefits
Open enrollment is in November

9. Stephens College Children’s School (SCCS) (573) 876-7260

Employees receive a 50% discount for the below programs.

Early Childhood Education Program
- offers preschool-aged child a comprehensive, developmentally appropriate curriculum for children ages 3-5
Stephens Elementary School
- offers an independent program taught by experienced, certified teachers, with Stephens College education majors as assistants

For tuition rates and the application form please visit SCCS website: www.stephens.edu/academics/programs/education/sccs/

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.

10. Campus Services and Discounts

Campus Discounts

Admission for cultural events sponsored by the College

10% discount at The Bookshelf (with faculty/staff ID)

Wellness Discounts

Mizzou Student Rec Complex

The Health Connection (basement of Hillcrest Hall)

Wilsons Total Fitness

Free use of Stephens outdoor tennis courts

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.

Benefits After One Year

1. Life and Accidental Death and Dismemberment Insurance*

Life and ADD Insurance provider is Guardian
The benefit provides basic life coverage in the amount of 150% of your annual salary, to a maximum of $250,000
This benefit is provided at no cost to the employee
If the benefit exceeds $50,000, the overage amount becomes a taxable benefit

2. Long-Term Disability (LTD)*

LTD insurance provider is Guardian and available on an optional basis
The cost of this benefit is shared by the college and the employee (discounted rate)
Coverage begins on day 181 after employee becomes disabled
If the benefit is initially waived, an evidence of insurability will be required to obtain coverage at a later date

3. Retirement Program*

The College will make monthly contributions to a Retirement Program in an amount equal to 1% of the employee’s base salary
Contributions are applied to individual accounts issued to employees by TIAA-Cref or Fidelity Investments
The one-year service requirement will be met if the employee, immediately preceding employment at Stephens College, had been employed by any institution of higher education for the previous 12-month period

*The appropriate paperwork must be completed to receive these one-year benefits.

Retired Staff & Faculty Members Benefits

Use of the library, including check-out privileges.
Two (2) season tickets to Playhouse productions and admission to all lectures and other cultural events that are sponsored by the College.
A standing invitation to open social events.
Use of Tennis courts owned by the College at no charge.
Inclusion in the College's mailing list.
Complimentary subscription to Stephens Life.
Permanent Identification card.
E-mail account
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.