Starkle Dream Up. Stephens College

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 1st

Group Medical Insurance

  • Health Insurance provider is Aetna
  • Stephens College and the employee share the premium cost*
  • Two plan options:  Preferred Physician Organizations (PPOs) or High Deductible Health Plan (HDHP)
    • HDHP combines with a Health Savings Account (HSA) to offer tax-favored savings, that can help pay the deductible.
    • Stephens College will contribute $750 per calendar year into the HSA to help offset the high deductible.  The contribution amount will prorated based on new employees’ insurance effective date.  Contributions will be made monthly beginning the effective date of insurance and the HSA has been created

Dental and Vision Insurance

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

    *Refer to the Health Insurance Premium Schedule for rates

Voluntary Life Insurance

  • Guaranteed coverage up to $150,000. Max coverage $300,000
  • Spouse benefit 50%
  • Child benefit 10% max to $10,0000
  • If the benefit is initially waived, an evidence of insurability will be required to obtain coverage at a later date

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) creates a tax break for dependent or health care expenses.
  • Dependent Care expenses are typically child or day care but can include care for an older dependent.
  • Health care expenses would include those that are not covered or partially covered by your medical, dental or vision insurance plans.
    • Note: If employee elects the HDHP for their medical coverage then health care flex plan must be of limited scope which excludes any medical expenses
  • Enrollment occurs upon employment or during open enrollment in November.
  • An employee must reenroll each calendar year in order to keep the benefit
  • $500 of the enrolled amount may be rolled over to the next calendar year if not used
  • 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 Graduate, Online & Certificate Programs.

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 Graduate, Online & Certificate Programs. Enrollment will be contingent upon available space in the course/s requested
  • Tuition for employees enrolling through the Graduate, Online & Certificate Programs 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 department 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 the Graduate, Online & Certificate Programs 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

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 and employee pays 100% of the premium
  • 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/services/youth-programs/childrens-school

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.

Campus Services and Discounts

Campus Discounts

  • Admission for cultural events sponsored by the College
  • 10% discount at Susie’s – located in Stamper Commons
  • Use of Stephens College library  (w/faculty/staff ID)
  • Microsoft Office Home Use Program - contact I&TS for details.

Wellness Discounts

  • Mizzou Student Rec Complex
  • 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
  • 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 2% 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.

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