Faculty Benefits Summary
HOLIDAYS: St. Edward's is closed for the following holidays: July 4th, Labor Day, SEU Founder's Day, Thanksgiving (Thursday & Friday), Christmas Eve through New Year's Day, Martin Luther King Jr., Day, Good Friday and Memorial Day. Student holidays are reflected in the Academic Calendar.
SICK LEAVE: Regular, full-time faculty employees accrue paid sick leave at the rate of one week per semester credited in August and January during their first year of eligible employment. Beginning with second year of regular employment, full-time faculty employees receive one calendar month of sick leave credited at the beginning of the fall semester. Regular, part-time faculty employees accrue paid sick leave on a prorated basis. A total of 6 months of accrued, unused sick leave may be accumulated.
GROUP MEDICAL PLANS: Medical protection plans are available for regular employees. Spouse and eligible children may also be covered. Coverage is available the first of the month coinciding with or following date of hire.
DENTAL INSURANCE: The PPO dental insurance plan offers employees the ability to see the dentist of their choice or a network dentist. Semi-annual cleanings are covered at 100% when using a network provider. Other treatments are covered at either 80% or 50%, after an annual deductible has been met. There is a calendar year maximum benefit for dental services. Orthodontia benefits are also available for children and adults; a separate lifetime maximum benefit applies.
VISION PLAN: The vision plan offers participants an annual exam through one of the network providers. Co-pays and allowances are provided for glasses and contact lenses. Discounts are available for Lasik procedures.
LIFE INSURANCE: The university provides all regular employees with Basic Life insurance coverage at 1x their annual base salary (up to $250,000). An equivalent amount of AD&D coverage is also provided. Coverage is reduced a age 65 and 70.
SUPPLEMENTAL TERM LIFE INSURANCE: All regular employees and their eligible dependents may participate in the voluntary Supplemental Term Life Insurance Plan.
FLEXIBLE SPENDING ACCOUNT (FSA) PLAN: This tax-savings benefit allows employees to set aside money each calendar year to pay for eligible health care and/or dependent care expenses through pre-tax payroll deductions.
HEALTH SAVINGS ACCOUNT (HSA): This tax-savings benefit is available to employees enrolled in the High Deductible Health Plan. The university makes non-taxable contributions to the account on behalf of the employee. Employees may also add additional payroll contributions on a pre-tax basis.
LONG TERM DISABILITY INSURANCE: This salary continuation plan pays up to 60% of a covered employee's monthly salary after a period of total disability lasting more than 6 months. The University pays the entire premium for all eligible employees (employees appointed for 6 months or longer at half time or greater). Coverage is effective the first day of the month following the employment date for faculty.
RETIREMENT PLAN: Employees are automatically enrolled into the university's Retirement Plan after one year of eligible service. Employees contribute 5% of their monthly salary on a pre-tax basis and the university contributes 7%. Employees may select one of the investment choices offered by the retirement vendor approved to market the Retirement Plan or choose to be automatically enrolled in a default Lifecycle Fund. Employees wishing to opt out must complete and submit the appropriate paperwork. Prior higher education service credit is available to eligible employees.
SUPPLEMENTAL RETIREMENT PLAN: The Supplemental Retirement Plan options are available to all employees from the same vendor approved to market the Retirement Plan. This Plan may be of special interest to employees not yet eligible for the retirement plan or who may wish to contribute more than the 5% permitted under the Retirement Plan.
SUPPLEMENTAL RETIREMENT PLAN ROTH OPTION: The Supplemental Retirement Plan Roth Option is available to all employees from the same vendor approved to market the university's Regular and Supplemental Retirement Plans. This Plan may be of special interest to employees who wish to make after-tax contributions to the retirement plan.
EMPLOYEE ASSISTANCE PROGRAM (EAP): The EAP provides valuable services at no cost to employees and their family members in the form of short-term counseling and legal and financial consultations.
WORKER'S COMPENSATION INSURANCE (WCI): WCI pays all reasonable costs of medical care resulting from an on-the-job injury. Injuries must immediately be reported to the employee's supervisor and Human Resources.
UNIVERSITY FEDERAL CREDIT UNION: Employees are eligible for University Federal Credit Union membership and may authorize deductions from their paychecks to the Credit Union and/or have their paychecks directly deposited in their account. For information visit https://www.ufcu.org/
DIRECT DEPOSIT PROGRAM: Employee paychecks may be directly deposited into most area banks, credit unions or savings & loans.
TUITION REMISSION: Following the completion of three months of regular employment, a full-time employee may enroll in six (6) tuition-free hours per semester at SEU. The spouse and child(ren) of regular full-time employees may take courses at a 50% reduction in tuition. Effective the first of the semester following the completion of three years of regular, full-time service, the dependent benefit increases to a 100% reduction in tuition. Employees who are enrolled at St. Edward's for more than six credit hours per semester are not eligible for this benefit. Part-time employees are not eligible for tuition remission.
TUITION EXCHANGE: Tuition Exchange is open to children of full-time regular employees who have at least 3 years continuous service. See http://www.tuitionexchange.org for more information on Tuition Exchange.
FITNESS FACILITIES: The Recreation and Convocation Center (RCC) provides students, faculty, and staff with first-rate athletic facilities, including an indoor swimming pool, fitness center, basketball court, and racquetball/handball courts. Call 448-8480 for information about available resources and hours of operation.
PARKING: For on-campus employee parking, including the parking garage on Moody Drive, you must purchase an annual tax-free parking permit through payroll deduction. For information, call 448-8444.
PLEASE NOTE THAT THIS INFORMATION IS ONLY A BRIEF SUMMARY AND IS NOT INTENDED AS A SUBSTITUTE FOR MORE DETAILED PLAN DOCUMENTS. ALTHOUGH EVERY EFFORT HAS BEEN MADE TO INSURE ACCURACY, BENEFITS ARE SUBJECT TO CHANGE AT ANY TIME WITH NO ADVANCE NOTICE. IF YOU WISH TO OBTAIN ADDITIONAL INFORMATION ON BENEFITS, PLEASE CONTACT THE OFFICE OF HUMAN RESOURCES, 512-448-8587.