Division of Business & Finance | FSU Home | Text-Only | Search FSU

Site Banner

HR Home | Job Vacancies | Forms | Policies & Procedures | HR Staff
Benefits | Training & Staff Development | Career Banding | Campus Directory

BENEFITS


Subject:            Benefits
Section:            HR
Part:                 Policy
Statement:        12
Effective Date:    3/21/01

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.

Return to Policies & Procedures

RETIREMENT PLANS

Teachers' and State Employees' Retirement System (TSERS) -  www.treasurer.state.nc.us

  • Unreduced retirement benefit with: 30 years of service, regardless of age; age 60 with 25 years of service and age 65 with 5 years of service.
  • Reduced retirement benefit at: Age 50 with 20 years of service, and age 60 with 5 years of service.
  • 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% (tax-sheltered).
  • University contributes 7.83%  (3.05% Pension Fund; 4.10% Retiree Health Plan Reserve;  .52% NC Disability Income & .16% Death Benefit Plan).

Optional Retirement Plan (ORP)

  • Carriers: Fidelity Investments, Lincoln National, TIAA-CREF and VALIC.
  • Option to TSERS for Faculty (Instructor and above) and Senior Academic and Administrative Officers.
  • Employee contributes 6% (tax-sheltered).
  • University contributes 11.46% (6.84% ORP Pension Fund; 4.10% Retiree Health Plan Reserve; and .52% NC Disability Income Plan.

Phased Retirement Program Policy/Procedures

http://www.uncfsu.edu/faculty_senate/previous/Policies/PhasedRetirementGuide.1.7.05.pdf  (FSU)

http://www.northcarolina.edu/content.php/legal/policymanual/uncpolicymanual_300_7_2.htm  (UNCGA)

DISABILITY INCOME PLANS

North Carolina Disability Income Plan

  • 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 Voluntary Supplemental Group Disability Plan

  • Available to participants in TSERS.
  • Designed to provide coverage while ineligible for State Disability Plan and to supplement it when eligible.
  • Employee pays the full cost of coverage.

The Standard Group Supplemental Disability Plan

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

HEALTH INSURANCE

Update October 2007   2007-2009 State Health Plan Rate Sheets
                                               Benefits Comparison Chart
                                                How to Use Find a Doctor
Teachers' and Employees' Comprehensive Major Medical Plan - www.statehealthplan.state.nc.us

  • University pays 100% of contribution for employee coverage.
  • Permanent part-time employees (20-29 hours a week) may participate by paying the full cost of coverage.
  • Employee pays cost of dependent coverage.

LONG-TERM CARE INSURANCE

The Teacher's and State Employees' Comprehensive Major Medical Plan offers long-term care insurance through a contract with Prudential
       

  • Coverage in a nursing home, assisted-living facility or in the home.
  • Dependent coverage available.
  • Employee pays the full cost of coverage.

GROUP DENTAL INSURANCE

American Pioneer Life Insurance Company

  • University sponsored; After-tax
  • High/Low Options available.
  • Dependent coverage available.
  • Employee pays full cost of coverage.

NC Flex Dental Plan

  • Statewide sponsored; Pre-tax premiums.
  • High/Low Options available.
  • Dependent coverage available.
  • Employee pays the full cost of coverage.

NC FLEX BENEFITS -   www.ncflex.org

A Package of Pre-Taxed Benefits (Statewide Sponsored)

  • Health Care Flexible Spending Account
  • Dependent Day Care Flexible Spending Account
  • Vision Care Plan
  • Accidental Death & Dismemberment Insurance
  • NC Flex Dental Plan
  • Cancer Insurance
  • Voluntary Group Term Life Insurance

EDUCATIONAL PROGRAMS

  • Tuition Waiver Program
    Tuition charges waived for three courses per academic year.
  • University Training
    Available at no cost to all employees.

US Savings Bonds

  • Available to all permanent employees.
  • Participation through payroll deduction.

ACCIDENT/SICKNESS/CANCER/LIFE INSURANCE

  • Voluntary benefits through Colonial Life & Accident Insurance Company and American Family Life Assurance Company (AFLAC).

VOLUNTARY TAX-SHELTERED PLANS

HOLIDAYS  University Holiday Schedule

  • Available to permanent employees who are regularly scheduled to work 20 hours or more each week.
  • Twelve paid holidays a year. 

VACATION AND SICK LEAVE

  • SPA Employees: Available to permanent employees regularly scheduled to work 20 or more hours per week and who are in pay status for at least half of the days in a month.  Leave earnings are prorated for part-time employees.
  • Faculty Members: Available to permanent eleven and twelve month faculty with administrative duties only.
  • Serious Illness and Disability Leave for Faculty.

VOLUNTARY SHARED LEAVE

  • Available to SPA and EPA Non-Faculty permanent employees regularly scheduled to work 20 hours or more each week.

FAMILY AND MEDICAL LEAVE

  • Permanent Faculty, SPA and EPA Non-Faculty employees with at least one year of current service (permanent or temporary) who are regularly scheduled to work 20 hours or more each week are eligible to apply for up to twelve weeks of family medical leave in a given 12 month period.
  • Employer continues to pay employer contributions for health insurance coverage for up to twelve weeks.

CIVIL LEAVE

  • Permanent employees are entitled to civil leave when serving on a jury duty or when subpoenaed as witnesses.
  • Employee continues to receive his/her regular pay and may also keep any jury duty fees paid.

PROFESSIONAL LEAVES OF ABSENCE

  • EPA Non-Faculty Employees:  Available upon approval by Office Head and appropriate Vice Chancellor.
  • Faculty: Available upon approval by Department Chairperson, Dean and Vice Chancellor.

DIRECT DEPOSIT

STATE EMPLOYEES' CREDIT UNION  (www.ncsecu.org)
 

  • Available to all permanent employees and their families.
  • Employee must establish a share account with a minimum deposit of $25.00.

SOCIAL SECURITY

  • Employee and University each pay the same amount of taxes (based on employee's earnings) for social security and Medicare (Part A - Hospital Insurance) up to a maximum taxable amount established by federal law.

WORKERS' COMPENSATION

  • All employees on the payroll are covered.

UNEMPLOYMENT COMPENSATION

  • All employees on the payroll are covered.
  • Employees must monetarily qualify, become unemployed through no fault of their own, and be able and available to work.

 

 
"Fayetteville State University is a member institution of The University of North Carolina, which is committed to equality of educational opportunity and does not discriminate against applicants, students, or employees based on race, color, national origin, religion, sex, age, or disability." Page Contact: cfuller@uncfsu.edu
Last Updated: 08/06/07 10:05 AM
Copyright © 2006