MEDICAL
UM offers a
comprehensive medical insurance plan through
Blue
Cross/Blue Shield to all active full time employees, their spouses
and unmarried dependent children up to age 26. There is no waiting
period for coverage.
Benefits
- $35 copay per office visit for
primary care physician; $50 copay for specialist.
- $300 Inpatient Hospital deductible
and $150 per day copay beginning with the 2nd through 5th day, per
admission.
- Outpatient Hospital Benefits ($150 copay).
- $500 Major Medical deductible per calendar year,
per person (maximum of 3 deductibles per family).
Covered services
- Hospital Services.
- Expanded Psychiatric Services
(Inpatient/Outpatient).
- Participating Chiropractic Services.
- Preventative Care Services, including hospital
newborn & well child care, routine immunizations, routine pap smears
& mammograms, prostate specific antigens.
PRESCRIPTION DRUG
Prescription drugs are covered under the Point-of-Sale
Plan. No benefits are available for prescriptions purchased at a
Non-Participating Pharmacy in Alabama.
Generic covered at 100%, No deductible/No copay.
Brand name covered at 80%, subject to $500 deductible.
UM participates in the cost of the
medical plan.
DENTAL
Dental insurance is through
Blue
Cross/Blue Shield and is provided at no cost to all employees, their
spouses and dependents enrolled in the medical plan. Enrollment is in
conjunction with the application for medical coverage. Employees
must enroll in the health plan to be eligible for dental coverage.
Diagnostic & Preventative Services
- Diagnostic and preventive services
are covered at 100% with no deductible.
Basic and Supplemental Services
- Fillings, simple tooth extractions, oral surgery,
capping, emergency treatment, periodontic services etc. – are
payable at 80% subject to the calendar year deductible of $50.00.
Prosthetic Services
- Full or partial dentures, bridges, crowns, etc.
–are covered at 50% subject to the calendar year deductible of
$50.00.
The maximum benefit for each covered person is
$1,000 per calendar year.
VISION
Employee funded optional coverage through
VSP Insurance Company. VAP
Vision Plan for UM.
LONG TERM DISABILITY
Long-term disability insurance is provided to all
eligible full-time employees at no cost. The plan provides insured
employees with a monthly benefit equal to 60% of their covered monthly
earnings, not to exceed a maximum monthly benefit of $10,000. Benefits
are paid after 90 consecutive days of total disability.
Minimum Monthly Benefit - $100.00.
BASIC LIFE INSURANCE
Group term life insurance is provided to all eligible
full time employees at no cost. Insurance benefits equal one times the base
annual salary, not to exceed $50,000. Age reduction rules apply,
please see policy for details.
OPTIONAL GROUP INSURANCE LIFE
During the first 30 days of employment, eligible
employees may purchase additional personal, spouse, and/or dependent
life insurance. After the first 30 days of employment, the purchase of
additional personal life insurance is limited and could require proof of
insurability.
The employee pays 100% of the premium.
ACCIDENTAL DEATH AND DISMEMBERMENT
AD&D insurance provides additional financial
protection for employees and their families in the event of death,
dismemberment, or total disability resulting from an accident.
TEACHERS RETIREMENT SYSTEM OF ALABAMA
GROUP TERM LIFE INSURANCE
Active employees contributing to the
TRS of
Alabama and who have completed one year of service are covered under the
systems Pre-Retirement Death Benefit (PRDB) and Term Life Insurance (TLI)
plan.
Active employees contributing to TRS of Alabama with
less than one year of service have death benefits equal to the member's
salary at the time of death if the cause of death is
job-related.
Pre-Retirement Death Benefit – one times annual salary plus
a Term Life Insurance- $15,000.
Coverage does not require employee
premium contributions.
VACATION
Full-time (non-faculty) employees earn vacation on a
pro rata basis throughout the year of employment. The rate of accrual
per year varies with the individual’s length of employment at UM. During
the first year, employees earn vacation time at the rate of 10 days per
year, or 6.666 hours for each month worked. The rate of accrual
increases by one day for each year of employment for years 1 through 11,
at which time the maximum rate of 20 days per year, or 13.333 hours per
month is attained. Part-time employees earn vacation on a pro rata
basis.
SICK LEAVE
Full-time employees earn sick leave at the rate of one
day per month for each month worked.
TRS will convert accumulated sick leave to creditable
months of service upon service retirement for TRS members who are public
education employees.
HOLIDAYS
Employees receive declared holidays provided by law or
designated by the President of the University. Legal holidays include:
Martin Luther King Day, Memorial Day, Independence Day, Labor Day, 2
days at Thanksgiving, and 8 days between the Fall and Spring semesters
which includes Christmas Day and New Year’s Day.
BEREAVEMENT LEAVE
Employees may be given up to three days leave with pay
due to the death of a member of the immediate family. Bereavement and
funeral absences in excess of three days will be charged to accrued sick
leave. Faculty and staff should notify the supervisor or
department head as soon as possible to request leave.
TUITION-FREE
COURSES
After 6 months of continuous full-time employment,
full-time employees are eligible for a full tuition and fee waiver on a
space available basis. During the first six months of employment,
full-time employees are eligible for a pro rata waiver of tuition and
fees, based on the number of months of employment.
Dependents of regular, full-time faculty and staff
employees who have been employed for 12 consecutive months may take UM
undergraduate or graduate courses for credit on a space-available basis
without charge of tuition (dependent is defined as a spouse and other
dependents claimed on federal income tax forms). Dependents are eligible
for a pro rata tuition waiver, based on the number of months of the
employee’s employment.
FLEXIBLE
SPENDING ACCOUNTS
UM provides flexible spending accounts for employees
to pay eligible health care and dependent day care expenses with pre-tax
dollars.
RETIREMENT PLANS
Retirement Systems of Alabama (Mandatory)
Participation in the
Retirement Systems of Alabama
is mandatory for persons employed in a non-temporary
capacity on at least a one-half time basis in a position eligible for
coverage. The member’s contribution rate is 5% of earnable
compensation.
Specifics of the plan
- Mandatory participation.
- Employee contribution equaling 5% of salary.
- Employer contributions (as defined by RSA).
- Vested after 10 years.
- Military service / out-of-state repurchase
option.
Social Security (Mandatory)
The employees and the University share the
cost of Social Security taxes. For an estimate of your Social Security benefits at
retirement, contact the Social Security Administration.
RSA-1 Deferred Compensation (457 Plan)
Managed by The Retirement Systems of
Alabama,
RSA-1
allows employees to defer receipt of a portion of their salary until
some later determined date, usually until retirement or other
termination of employment.
Specifics of the plan
- Voluntary participation.
- Contributions are Tax Deferred.
- Catch-Up period designation.
Tax Deferred Investments 403 (b) plans
Under
Section 403(b) of the Internal Revenue Code, The University of
Montevallo offers tax deferred investment options through
VALIC
and
TIAA-CREF.
Specifics of the Plan
- Contribution Maximums are determined by the IRS.
- Employees may increase or decrease contribution amounts at
any time.
- Earnings are tax deferred until withdrawal.
The University of Montevallo does not contribute to
the plan.
OTHER PERSONAL BENEFITS
Athletic Events
Employees may attend all campus athletic events free of charge
upon presentation of a UM identification card.
Bookstore Discounts
Employees are eligible for a 20% discount on all items at the Bookstore,
except textbooks, paperbacks books, and film processing.
Cafeteria
Food service is available to all UM employees, as meal tickets
are offered at considerable savings.
Concert and Lecture Series
Employees are encouraged to take advantage of the annual Concert and
Lecture Series, which along with other plays and concerts provided for
free or for a nominal charge, afford the employees unusually broad
cultural opportunities.
Golf Course Access
Membership in an 18-hole golf course is available to employees. Casual
play for modest fees is also available, as are golf cart and pull cart
rentals.
Library Employees,
spouses and dependents have library borrowing privileges from the campus
library.
Military Service
Employees serving in voluntary military units are allowed up to 21 days
of leave-with-pay to attend required training.
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