Full-Time Benefits |
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Medical InsuranceAll full-time employees receive free individual medical health care insurance at no cost. Families may be insured at an additional cost. The effective date of coverage will be either the first of the month following employment if you work one-half or more scheduled work days during your month of employment, or the first of the second month following employment if you work less than one-half of the scheduled work days. VacationTwelve (12) days paid vacation per year increasing with service to 25 days. On December 31, any employee with more than thirty (30) days or 240 hours of accumulated leave shall have the excess accumulation converted to sick leave. Sick DaysTwelve (12) days paid sick leave per year. (Unused sick leave is credited toward years of service at retirement). HolidaysEleven (11) paid holidays per year; twelve (12) if Christmas falls on a Tuesday, Wednesday, or Thursday.
Child Involvement LeavePromotes employees' involvement in the education of youth and to bolster employees' assistance to schools. Therefore, the college shall grant four (4) hours paid, and four (4) hours unpaid leave for a total of eight (8) hours leave per contract year to a full-time employee who is a parent, guardian, or person standing in loco parents of a school-aged child so that the employee may attend or otherwise be involved at that child's school. Shared LeaveProvides a means of continued income for employees experiencing serious or prolonged medical conditions. The policy would allow for the transfer of leave from one employee to another only in medical situations that would otherwise cause the employee to be forced to be placed on leave without pay. Educational LeaveThe granting of educational leave with or without pay will be contingent upon evidence that study or work is related to improving competencies of the instructor or administrator, seniority, availability of substitute (if necessary), and funds being available to pay the qualified substitute. The employee is expected to complete a minimum of nine semester hours of credit (9 semester hours) during the period of educational leave. Limited Free TuitionFull-time faculty and staff may enroll in one class per semester at the college without paying tuition or registration fees. Tuition ReimbursementCaldwell Community College and Technical Institute recognizes the mutual benefits derived from personal growth and increased work competence; therefore, it is the policy of the college to reimburse employees interested in furthering their education for tuition. The reimbursement amount per semester is dependent upon availability of funds. This program supports the institution's commitment to encourage employee performance and enhance professional development. LongevityEmployees are eligible to receive longevity pay based on a percentage of the employee's annual salary and length of service after ten (10) years of service. RetirementThe employee, State, and the investment earnings on total contributions pay the cost of providing your retirement benefits. Employees contribute six (6) percent of gross salary on a pre-tax basis. The amount of your benefit or your monthly payments at retirement are determined based on your salary, age, and years of service. DisabilityShort-term disability benefits are provided through the college at no cost to you and payable after one (1) year of service following the conclusion of the sixty (60) day waiting period not to exceed 365 calendar days. Long-term disability benefits are also provided to you at no cost and payable after five (5) years of service following the conclusion of the short-term disability period or after salary continuation payments cease, whichever is later, for as long as you are permanently disabled. Long-Term CareComprehensive federally tax-qualified benefits which provide coverage for nursing home care, home health care, and care received in assisted living facilities should you become injured, ill, or need assistance with activities of daily living. Premiums may be tax deductible. All cost are paid by employee. Payroll deduction is provided by the college. Death BenefitPaid to your beneficiary if you die while still in active service after one (1) year of service. Equal to highest twelve (12) months in a row, but no less than $25,000 and no more than $50,000. Life InsuranceTerm life insurance, whole life insurance, or a combination of both are available to provide the level of coverage you need. All costs are paid by employee. Payroll deduction is provided by the college. Supplemental Coverage PoliciesSpecial policies are offered to cover cancer, accidents, and total disability due to sickness. All costs are paid by employee. Payroll deduction is provided by the college. Auto, Home, Property and CasualtySpecial group rates and discounts for auto, home, and other personal property. Discounts are based on numerous factors including, but not limited to: multi-policy discounts, payroll deduction, college tenure, driving record, etc. All costs are paid by employee. Payroll deduction is provided by the college. DentalCoverage includes preventive, basic, major, and orthodontia benefits. If you apply within thirty-one (31) days after your eligibility date, your insurance will start on the first day of the month which falls on or next after the date you apply. All cost are paid by employee. Payroll deduction is provided by the college. Vision Care InsuranceA comprehensive vision plan that provides affordable, quality vision care through a nationwide network or private-practice optometrists and ophthalmologists. All costs are paid by the employee. Payroll deduction is provided by the college. 401(k)Supplemental retirement income that allows employees to make pre-tax contributions through pay deduction and later collect the accrued amount. 401(k) Roth PlanThe Roth 401(k) feature combines elements of a traditional 401(k) with those of the Roth IRA. It gives employees the opportunity to put aside after-tax dollars for retirement today, lets the investments grow tax-deferred during the employee's working years, and allows the employee to withdraw the money tax-free at retirement. Monies that are designated as Roth (after-tax) contributions cannot be changed after begining the program. A variety of investment options are available. Employees may enroll in both the 401(k) and teh 401(k) Roth plans, but federal tax limits apply to the combined total of those contributions. Tax Sheltered Annuities/403(b)Supplemental retirement income for non-profit and public organizations equivalent to a 401 (k) which allows employees to make pre-tax contributions through pay deduction and later collect the accrued amount. Employee Assistance ProgramAn employee benefit that provides free, confidential assistance to help employees and their families resolve problems affecting their personal lives or job performance. The college pays for the first five visits per fiscal year. Additional visits may be covered under your medical insurance. Quest4Life Wellness PlanA state-of-art wellness and fitness facility designed to improve the health and well-being of our employees and their family members. All costs are paid by employee. Payroll deduction is provided by the college. State Employee Credit UnionThe State Employee Credit Union is a cooperative financial institution owned and operated by the people who use its services. Their services include, but not are limited to: checking and share (savings) accounts, CD's, and IRA's, vehicle, mortgage, home equity, and student loans. North Carolina 529 National College Saving ProgramNorth Carolina's 529 college investment program is designed to make college more affordable for everyone. An account cam be opened for a person of any age. you decide how much you can contribute and often and you can choose from a variety of investment options. Account earnings are free of federal and North Carolina income taxes when the money is used to pay for qualified expenses from eligible colleges anywhere in the country. Flexible Spending AccountsMedical Care and Dependent Care Flexible Spending Accounts (FSA's) are available for employee participation. The Medical Care FSA is an account from which you can request reimbursement for out-of pocket medical, dental and vision expenses not covered by you medical, dental, or vision plans. The Dependent Care FSA is an account from which you can request reimbursement for childcare and/or dependent custodial care expenses. These monies are then used to reimburse you for eligible expenses from each flexible spending account. Perpaid Legal InsuranceA type of arrangement in which an employee prepays for legal services employees may require in the future. The college offers two different types of plans to meet the needs of the participant. Both plans provide limited coverage for enrolled employees and members of their families provided by an attorney.
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