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)
Retirement Plan Election Form for TSERS
- 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 8.14% (3.36%
Pension Fund; 4.10% Retiree Health Plan Reserve; .52% NC
Disability Income & .16% Death Benefit Plan).
UNC Optional Retirement Plan (ORP)
Retirement Plan Election
Form
- 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.
Fidelity Investments
Katie Taylor-Maxwell, Retirement
Counselor
Phone: (919) 451-3047 or (866)
588-2619
Fax: (508) 460-5834
E-mail:
katie.taylor@fmr.com
TIAA-CREF
Mike Keely, Retirement Consultant
Phone: (919) 687-5201 or (877)
267-4505
E-mail:
mkeely@tiaa-cref.org
Phased Retirement Program Policy / Procedures
VOLUNTARY SUPPLEMENTAL RETIREMENT
PLANS
NC 401(k) Plan and NC Deferred
Compensation Plan (457)
Clay D. Thompson, Education and
Enrollment Regional Manager
NC Supplemental Retirement Plans
Prudential Retirement
Phone: (704) 542-2839
E-mail:
clay.thompson@prudential.com
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
LONG-TERM CARE INSURANCE
Prudential Long Term Care
The North Carolina State Health Plan offers long-term care insurance through 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
Assurant Employee Benefits
http://www.assurant.com/inc/assurant/index.html
Assurant Dental Plan
Dental
Enrollment Form
- 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
The NCFlex
Program
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
Go to
www.ncflexonline.org and Sign in
First Time Visitor?
Click Register and enter your personal information
Forgot your Log in?
Click Forgot Username/Password
Need Help?
Call 1-888-860-6118 for assistance
Monday – Friday, 8am – 8pm EST
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.
VOLUNTARY SUPPLEMENTAL INSURANCE
 
- Voluntary benefits through Colonial Life & Accident
Insurance Company and American Family Life Assurance Company (AFLAC).
- Plans offered include Accident, Sickness,
Cancer, Life, and more.
Aflac
Angela Stewart, Benefits
Representative
Phone: (910) 670-2866 or (910)
483-0420
E-mail:
a_stewart@us.aflac.com
Colonial Life
Kevin Miller, Benefits
Representative
Phone: (910) 257-6004 or (800)
325-4368
E-mail:
kevinj.miller@coloniallife.com
HOLIDAYS
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.
- OSP Policy:
Vacation Leave
- OSP Policy:
Sick Leave
VOLUNTARY SHARED LEAVE
- Available to SPA and EPA Non-Faculty permanent employees
regularly scheduled to work 20 hours or more each week.
- OSP Policy:
Voluntary Shared Leave
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.
- OSP Policy:
Family and Medical Leave
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.
- OSP Policy:
Civil Leave and Job Related Proceedings
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
North Carolina
State Employees' Credit Union
- 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.
WACHOVIA AT WORK
Fayetteville State University has
teamed up with Wachovia At Work to offer an exclusive package of
money-saving benefits. FSU employees will enjoy discounts and
special rates on a variety of valuable financial products and
services. Click
here for more information.
WORKERS' COMPENSATION
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.
PRE-PAID LEGAL SERVICES, INC.
Pre-Paid
Legal Services, Inc. is a voluntary, optional benefit that offers
employees a variety of legal services. Monthly membership fees can
be conveniently deducted from the employee's paycheck on an
after-tax basis.
Services
include:
For more
information contact Ms. Jackie Carter, Independent Associate, at
(910) 867-3755 or jcarter2@msn.com.
You may also visit Ms. Carter's webpage at
www.prepaidlegal.com/hub/jackiecarter.
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