Summary of Employee Benefits
The Employee Benefit Program is designed to provide protection for employees from possible loss of income from illness, disability, retirement or death. In addition, the non-insured benefits, such as vacation and holidays, are intended to improve the quality of life for employees during their time here at the University.
This reference guide summarizes the fringe benefits that Saint Peter’s University provides to all of its employees. More complete details are available in the Employee Handbook*.
|Benefits||Who Pays||Who is Eligible||When Eligible||What you Receive|
|Vacation||University||Full & part-time employees||Upon completion of 90 days of employment||Admin and professional staff: 20 DaysStaff: First year pro-rated
1-5 years – 10 days
6-10 years – 15 days
Over 10 years – 20 days
|Holidays and Holy Days||University||Full & part-time employees||Upon employment for full-time employees. After 3 consecutive years for part-time employees||Usually 13 paid holidays and Holy Days per year for full-time employees. After 3 years of employment, 7 paid holidays and Holy Days for part-time employees.|
|Personal Days||University||Full-time employees||Upon completion of 1 year employment||All full-time employees will be entitled to 2 personal days credited each July 1|
|Temporary Disability Plan||Employee & University||Full & part-time employees||Upon employment||Based on prior earnings- Weekly benefit of 2/3 weekly wage to maximum of 50% of NJ Statewide Average Weekly Wage for 26 weeks|
|Protracted Illness||University||Full-time employees||Upon completion of 1 year employment||For absence due to illness for an extended period- 1 month of full pay for each year of employment up to a maximum of 12 months or 264 days|
|Sick Leave||University||Full & part-time employees||After three months of employment||All full-time employees receive 10 sick days per year. These days are accrued on a monthly basis. Part-time employees receive sick days on a pro-rated basis.|
|Life Insurance||Employee & University||Full-time employees||First of the month following 30 days employment||Term insurance equal to the amount of your annual salary to a maximum of $250,000. The University shares the cost up to $100,000.|
|Retirement-401K||University||Full & part-time employees||Upon completion of 1 year employment for full-time personnel and part-timers working 1000 hours per year or more||Three years for full vesting. University contributes 3% annual base pay. University matches employee contributions at the rate of 50% to a maximum of an additional 2%.|
|Social Security||Employee & University||Full & part-time employees||Upon employment||Retirement benefits as early as age 62 (reduced) or as late as age 70. Benefits based on earnings.|
|Unemployment||University||Full & part-time employees||Upon completion of 20 weeks work prior to termination by the University with minimum salary established by state guidelines on a yearly basis.||Based on prior earnings, weekly payments of 2/3 weekly wages to maximum of 50% of NJ Statewide Average Weekly Wage of 26 weeks. Reduced benefits thereafter.|
|Workers Compensation||University||Full & part-time employees||Upon employment||Compensation for on-the-job injury and medical expense reimbursement for such injury|
|Tuition Remission Benefits||University||Full-time employees||Faculty/administration/professional staff upon completion of 90 days employment. 1 year of employment for dependents.||Undergraduate courses: Full remission of tuition and fees for employees.
Graduate courses: Full remission of tuition and fees for employee only. Full remission of Tuition for dependent children. FACHEX, the Jesuit Tuition Exchange Program, CIC & TIP are also available on space-available basis.
50% Tuition Remission for Full-Time employees and spouses for Doctoral Study.
|Credit Union||Employee||Full & part-time employees||Upon employment||Credit Union provides payroll deduction for both savings and loans. Apply- Liberty Savings Federal Credit Union, 666 Newark Ave, Jersey City, NJ (201) 659-3900|
|Group Tax Deferred Annuity Program||Employee||Full & part-time employees||Upon employment||Contracts with TIAA-CREF permit reduction in salary to purchase an annuity contract which includes fixed dollar and variable annuities. Arrangements by contacting Human Resources. This program compliments and supplements the University’s Pension Program.|
|Health insurance benefits||Employee & University||Full-time employees||Upon enrollment, coverage begins first of the month, 30 days after employment.||University offers 2 plans administered by Horizon Blue Cross & Blue Shield of NJ. The plans are Direct Access, and EPO. Contact Human Resources for current rates and employee share of cost.|
|Dental Insurance||Employee||Full-time employees||Same eligibility as health insurance coverage.||Delta Dental PPO|
|Section 125||No cost||Full-time employees||Same eligibility as health insurance coverage||Allows employees to pay insurance premiums with before-tax dollars. Saves employees from having to pay federal income tax and Social Security taxes on eligible premiums.|
|Car and Home Owners Insurance||Employee||Full-time employees||Upon employment||Allows employees to purchase discounted car and home owners insurance from either NJ Manufacturers Ins. Co. or Metropolitan Ins. Co. (Met offers payroll deduction feature)|
|Legal Service Plan||Employee||Full-time employees||Upon Employment||Legal representation for you, your spouse and dependents in matters such as mortgages, wills, powers of attorney, loans, and other matters. Administered by Metropolitan Law (Met Law).|
|Vision Plan||Employee||Full-time employees||Upon Employment||Discounted program for participating optometrist and opthamologists and toward purchase of lenses and frames. Vision plan administered by Premier Vision.|
|Supplemental Life Disability and Medical Coverage||Employee||Full-time employees||Upon Employment||Supplemental plans administered by AFLAC. Coverage includes expanded emergency room care, personal accident and disability and term life insurance.|
|Flexible Spending Account||Employee||Full & part-time employees||Upon Employment||Reimburses employees for expenses that may not be otherwise covered by our health insurance. A health care flexible spending account and dependent child care flexible spending account is available. Employees elect to have an amount deducted from their gross pay each payroll period, before it is taxed, and placed in their flexible spending account. These deductions are evenly distributed throughout the calendar year. The plan is administered by Wage Works. Maximum contributions vary per year, please contact Human Resources for more information.|
*The final authority on matters dealing with fringe benefits is the Personnel Policies and Procedures Manual. Any questions regarding these benefits can be answered by the Office of Human Resources via e-mail or by calling ext. 6367.