Staff Benefits Summary
HOLIDAYS: St. Edward's observes the following holidays during the year: 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.
ANNUAL LEAVE: Regular, full-time staff employees earn 10 days of paid annual leave during their first 12 months of employment and 15 days of paid annual leave the second year of employment and every year thereafter. Regular part-time employees earn annual leave on a prorated basis. Six months of employment must be completed before accrued annual leave is used. Up to 120 hours may be carried over to the new fiscal year (July 1st).
SICK LEAVE: Regular, full-time staff employees accrue paid sick leave at the rate of 8 hours per month. Regular, part-time employees accrue paid sick leave on a prorated basis. A total of 640 hours 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. Employees may choose between two standard PPO Plans or a High Deductible Health Plan. 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 obtain services from 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 included for children and adults; a separate lifetime maximum benefit applies.
VISION PLAN: The optional vision plan offers employees an annual exam through network and non-network providers. Co-pays and allowances are provided for glasses and contact lenses with lenses being provided every year and frames once every other year. Discounts are available for Lasik procedures.
LIFE INSURANCE: The university provides all regular employees with Basic Life coverage at 1x their annual base salary (up to $250,000). An equivalent amount of AD&D coveage is also provided. The coverage amount is reduced at 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 establish up to two accounts – health care flexible spending account and dependent care flexible spending account for eligible expenses.
HEALTH SAVINGS ACCOUNT (HSA) PLAN: This tax-savings benefit is available to employees who enroll in the High Deductible Health Plan. The university makes non-taxable contributions to this account on behalf of the employee and employees may 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 exempt employees and the first day of the month following the completion of 2 years of regular service for non-exempt employees.
EMPLOYEE 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. Prior higher education service credit is available to eligible employees.
SUPPLEMENTAL RETIREMENT PLAN: The Supplemental Retirement Plan option is 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 Regular 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 Retirement Plan and Supplemental Retirement Plan. This plan may be of interest to employees who wish to make after-tax contributions to a retirement plan.
EMPLOYEE ASSISTANCE PROGRAM (EAP): The EAP provides valuable services at no cost to employees and thier families in the form of short-term counseling and legal and financial consultations.
WORKERS’ 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 512-448-8444.
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.