CLAFLIN UNIVERSITY’S 2007 EMPLOYEE BENEFIT PROGRAM
Because our employee’s physical health and overall well-being is essential to the success of Claflin’s family structure, we offer a variety of important benefits in health and dental coverage as well as retirement planning.
HEALTH INSURANCE:
Principal KHS Freedom Choice Insurance provides our employees with comprehensive medical coverage through the PPO (Preferred Provider Organization) Premier Health Systems Network. Claflin pays 60% of the total monthly premiums for the health plan.
Go to www.Premierhealth.com to locate physicians in the network along with other details.
Health Plan: $30 Co-pay & $1000 Deductible
• Medical Comprehensive
• Physician Visit
• Prescription Drugs
• Dental Care
• Home Health Care
• Short Term Disability*
Premium for Feb 2007-Jan 2008 |
| Employee Only |
$165.08 |
| Empolyee & Spouse |
$298.96 |
| Empolyee & Child(ren) |
$272.72 |
| Empolyee & Family |
$417.07 |
Retree Plan:
Same plan as above
Retiree’s Monthly Premiums |
| Employee Only |
$412.71 |
| Spouse Only over age 65 |
$412.71 |
| Spouse Only under age 65 |
$707.44 |
VISION INSURANCE:
We now offer vision insurance with EyeMed Vision Care. It provides one annual eye exam per year and one pair of spectacle frames/lenses or contacts. This is strictly a voluntary cost, paid by employees only. Visit www.Eyemedvisioncare.com for optometrists in your area and other details.
Premium for Feb 2007-Jan 2008 |
| Employee Only |
$9.67 |
| Empolyee & Spouse |
$17.02 |
| Empolyee & Child(ren) |
$17.02 |
| Empolyee & Family |
$24.37 |
DENTAL ONLY INSURANCE:
We now offer dental only coverage for employees who have not enrolled in the major medical health insurance plan is strictly a voluntary cost, paid by employees only. Visit www.khsonline.com for details.
Premium for Feb 2007-Jan 2008 |
| Employee Only |
$26.25 |
| Empolyee & Spouse |
$54.34 |
| Empolyee & Child(ren) |
$55.50 |
| Empolyee & Family |
$86.63 |
LONG TERM DISABILITY:
The long term disability plan provides financial protection by paying a portion of ones income while out disabled. The Plan pays 60% of ones monthly earnings once confirmed as disabled by a physician after 180 days. The disability claim must be approved by the carrier, Hartford Life Insurance Company.
GROUP LIFE AND ACCIDENT INSURANCE:
All full-time employees are provided accident and life insurance in the amount of $15,000 at no cost to them. Optional and dependent life coverage is also available for purchase.
RETIREMENT PROGRAM:
Claflin University offers two exceptional retirement plans. Teachers Insurance and Annuity Association College Retirement Equities Fund ( TIAA-CREF), one of the largest and most respected financial service providers in the world ensures the financial well being of faculty and staff across America's education and research communities.
The two plan choices are:
TIAA-CREF Retirement Plan (403b) - employees may enroll in this plan after 12 months of consecutive service. He/she must contribute a minimum of 4% of their annual salary at which time Claflin will match at 7.5%.
TIAA-CREF Supplemental Annuity – An employee may contribute at any time during their employment at their own discretion. This supplemental plan does not require a wait period nor does Claflin contribute any funds towards it. Visit www.TIAA-CREF.org for investment and company details.
PREPAID LEGAL:
We allow payroll deductions for any employee electing to become a member Prepaid Legal Services. Pre-Paid Legal Membership provides families with immediate access to quality legal protection for a low monthly fee. Visit www.PrePaidLegal.com for detailed information.
CONSECO INSURANCE:
We provide payroll deductions for voluntary cancer and heart/stroke policies offered through Conesco Insurance Company. Visit www.conseco.com for company details.
LEAVE ACCRUALS:
Sick Leave – All employees’ accrue 1 day of vacation (4 hours per pay period) per month. You may accrue an unlimited amount of sick leave.
Vacation leave will be accrued as follows:
Years of Service |
Accrual Amount
Per Pay Period
|
Annual Earnings
Hours – Days - Weeks |
6 Months(credited) |
0 |
40 |
5 |
1 |
7-12 months |
3.34 |
40 |
5 |
1 |
1-14years |
3.34 |
80 |
10 |
2 |
15-19 years |
5.00 |
120 |
15 |
3 |
20 years or more |
6.68 |
160 |
20 |
4 |
New hires will not receive any vacation leave until they have satisfied their six-month probationary period. Upon successfully completing the probationary period, employees will be credited with 40 hours of vacation leave.
Maximum accumulations for vacation leave are as follows:
7 months -14 years = 20 days (160 hours)
15 - 19 years = 30 days (240 hours)
20 years or more = 40 days (320 hours)
Vacation leave hours above the maximum accumulation will be deducted on July 1st of each year.
PAY PERIODS:
Claflin University has a bi-monthly pay period. Paychecks are issued twice a month on the 3rd and 18th of each month. Should either of those days fall on a Saturday or Sunday, checks are released the Friday before. Direct Deposit is strongly recommended.
