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Benefits

Fayetteville State University provides a comprehensive benefits package for employees and their dependents. Many of the benefits are derived from The State of North Carolina General Statutes, policies and regulations promulgated by the General Administration of The University of North Carolina, and/or the language of specific insurance contracts or policies. The Office of Human Resources is responsible for the administration of these programs. For any benefits-related inquiry, please contact the Benefits Unit in The Office of Human Resources.

2014 Benefits Summary
2014 Benefit Plans Rate Sheet

MEDICAL INSURANCE

The NC State Health Plan is a "self-insured" plan that offers three preferred provider organization ("PPO") plans. PPO plans offer the freedom of choice among in-network providers, lower out-of-pocket costs, and a strong emphasis on preventive health. Two of the plans, the Consumer-Directed Health Plan ("CDHP") and the Enhanced 80/20 Plan, offer financial incentives for taking steps to improve your health.

The NC State Health Plan
2014-2015 Rates
Find a Doctor

NC FLEX

NC Flex is a benefits program administered by The NC Office of State Human Resources to provide a variety of plans to meet the health insurance and income protection needs of you and your family. The cost of coverage is paid through payroll deduction before taxes are withheld. This reduces your taxable income, which in turn reduces your state and federal income taxes, and your Federal Insurance Contributions Act ("FICA"). 

The NC Flex Program offers you the following benefit plans:

  • Health Care Flexible Spending Account
  • Dependent Day Care Flexible Spending Account
  • Dental Insurance
  • Vision Insurance
  • Critical Illness Plan
  • Cancer Insurance
  • Accidental Death & Dismemberment Insurance (core and voluntary)
  • Group Term Life Insurance

More information about the plans can be found in the 2014 Enrollment Guide.


RETIREMENT PLANS

New: UNC Retirement Plan Changes!

Mandatory Retirement Plans ("TSERS" / "ORP")

As a Fayetteville State University employee, you must enroll in either The Teachers and State Employees Retirement System ("TSERS"), or The Optional Retirement Program ("ORP"). These two plans are designed to provide retirement income, along with The University's supplemental retirement plans and social security benefits. Although you and the University share the cost of each plan, each plan works differently.

The Teachers and State Employees Retirement System
NC Department of State Treasurer
Mandatory Retirement Plan Election Form

  • Unreduced retirement benefit at: any age with 30 years of service, age 60 with 25 years of service, and age 65 with 10 years of service (if hired on or after August 1, 2011). 
  • Reduced retirement benefit at: Age 50 with 20 years of service, and age 60 with 10 years of service (if hired on or after August 1, 2011). 
  • Death benefit after one year of membership service is equivalent to one year of salary, but no less than 25,000 and no more than $50,000.
  • Employee contributes 6%

Employer contributes 15.21%;

9.14% - Pension Accumulation Fund
5.49% - Retiree Health Plan Reserves
0.16% - Death Benefit Trust Fund
0.41% - Disability Income Plan
0.01% - Qualified Excess Benefit Arrangement

*The employer contribution for Law Enforcement Officers includes an additional 5% toward the NC401 (K) Plan.

UNC Optional Retirement Program
ORP Plan Summary
Mandatory Retirement Plan Election Form

  • Carriers: Fidelity Investments, and TIAA-CREF
  • Employee contributes 6%

Employer contributes 12.74%;

6.84% - Employer Contribution to Vendor
5.49% - Retiree Health Plan Reserves
0.41% - Disability Income Plan

Contact:
Fidelity Investments
Joshua Soucy
Phone:  919-257-8674
Fax: 508-490-5592
E-mail: Joshua.soucy@fmr.com

TIAA-CREF
Tamara Johnson
Phone: 704-988-1456
E-mail: tamjohnson@tiaa-cref.org

Supplemental Retirement Plans (401K, 403B, and 457)

These three plans offer pre-tax, and after-tax, options to help you maximize your opportunity to prepare for retirement.

Your Supplemental Retirement Plan Decision Guide
403B (Fidelity Investments / TIAA-CREF)

Salary Reduction Agreement (403B)
2014 Universal Availability Notice (403B)
401K (Prudential Retirement)
457 (Prudential Retirement)

Contact:
Fidelity Investments
Joshua Soucy
Phone:  919-257-8674
Fax: 508-490-5592
E-mail: Joshua.soucy@fmr.com

TIAA-CREF
Tamara Johnson
Phone: 704-988-1456
E-mail: tamjohnson@tiaa-cref.org

Prudential Retirement
Clay D. Thompson
Phone: (704) 542-2839
E-mail: clay.thompson@prudential.com

Phased Retirement Program

The UNC Phased Retirement Program (PRP) is designed to provide an opportunity for eligible full-time tenured faculty members to make an orderly transition to retirement through half-time service, as reflected in the PRP policy and guidelines. 

UNC Phased Retirement Program

INCOME PROTECTION PROGRAMS

These programs are designed to provide you and/or your family with financial protection in the event of your death, disability or long-term illness.

Income Protection Benefits
Income Protection Booklet

Disability Income Plan of NC ("DIPNC")

  • DIPNC Benefits Handbook
  • Available to permanent employees participating in either TSERS or ORP
  • Short-Term Benefits after one year of contributing service
  • Long-Term Benefits after five years of contributing service
  • University pays full cost of coverage


Liberty Mutual (Supplemental Group Disability Plan)

  • Available to participants in TSERS
  • Employee pays the full cost of coverage.

The Standard (Supplemental Group Disability Plan)

  • Available to participants in the ORP.
  • Employee pays the full cost of coverage.

AFTER-TAX BENEFIT PLANS

Assurant Dental Insurance

  • High/Low Options available
  • Dependent coverage available
  • Employee pays full cost of coverage

Assurant Employee Benefits
Plan Summary
Enrollment Form


Colonial Life, and AFLAC

Plans offered include Accident, Sickness, Cancer, Life, and more!

Colonial Life
Kevin Miller, Benefits Representative
Phone: (910) 257-6004, or 1-800-325-4368
E-mail: kevinj.miller@coloniallife.com

Aflac
Angela Lenard,
Phone: (910) 584-6037
Email: angela_lenard@us.aflac.com

Legal Shield

This plan offers employees a variety of legal services to include:

Preventive Legal Services
Motor Vehicle Legal Services
Trial Defense Services
IRS Audit Legal Service
Identity Theft Protection Programs

Contact:
Jackie Carter, Independent Associate
Phone: (910) 867-3755
Email: jcarter2@msn.com

 
EDUCATIONAL PROGRAMS

Tuition Waiver Program and Academic Assistance Program


SAVINGS PROGRAMS AND PERKS

BB&T at Work
Employees who enroll may be eligible for a variety of benefits and discounts on BB&T products and services.

North Carolina State Employees' Credit Union
Available to all permanent employees and their families.

Wells Fargo at Work
This program offers an exclusive package of money-saving benefits. FSU employees will enjoy discounts and special rates on a variety of valuable financial products and services.

Contact:
Michelle Bullard
Relationship Manager
Phone: (910) 678-2221
Fax: (910) 678-2204
E-mail: michelle.bullard@wellsfargo.com

College Foundation of NC
This program was established, and is maintained, by the State of NC to enable residents of any state to invest funds to pay for higher education expenses.

We Save
The nation's leading online savings network provided exclusively to the employees of the nation's state government.

State Employees Association of NC ("SEANC")


* The information in this summary is not a contract and is subject to change by the proper authorities.  It should be understood that explanations in this summary cannot alter, modify, or otherwise change the controlling legal documents or general statues in a way, nor can any right accrue by reason of any inclusion or omission of any statement in this summary.

 REVISED 08/2014

  

 

 

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