The University of North Carolina at Charlotte
EMPLOYEE
BENEFIT INFORMATION
FOR PERMANENT EPA STAFF MEMBERS
Health
Insurance
Your choices for health insurance
coverage are:
·
The Teachers' and State Employees'
Comprehensive Major Medical Plan (Indemnity Plan), or
-
One of three Preferred Provider Organization (PPO)
Plans
·
Smart Choice Basic PPO
·
Smart Choice Standard PPO
·
Smart Choice Plus PPO
Any health insurance election you
make in a given plan year may be changed during the next
annual enrollment period. Typically open enrollment is
conducted in March for coverage to begin in July.
If you are a university employee
working 30 hours or more per week in a permanent,
probationary, or time-limited position for nine months
or more per year, the University pays most or all of the
employee’s individual premium. The effective date of
coverage for a newly hired employee is the first of the
month after the date the enrollment form is signed.
NCFlex
Program
Pre-Tax Savings Plans
There are three pre-tax savings plans currently being
offered. These are commonly referred to by the IRS code
provision numbers governing them: Section 401(k),
Section 403(b), and Section 457 plans. When you elect to
participate in any of these plans, you contribute money
on a pre-tax basis. This lowers the amount of taxes you
are currently paying while allowing you to save money
for retirement.
College Foundation of North
Carolina
North
Carolina's 529 plan can help make college more
affordable.
Accessible - Just about anyone can open an account.
Affordable - You decide how much you can contribute
and how often.
Comprehensive - Choose from a variety of investment
options.
Flexible - Use the money to pay expenses at
virtually any college anywhere.
Tax Free - Account earnings are free of federal and
North Carolina income taxes when the money is used to
pay for qualified higher education expenses. NC
taxpayers may be eligible for a state income tax
deduction for contributions to NC's 529.
Tax Deduction - See the
Program Description for details on types of
withdrawals and tax implications.
Questions? Please call toll-free at 800-600-3453 from
8am-8pm Eastern Time Monday-Thursday and 8am-5pm Eastern
Time on Friday
Post-Tax Voluntary Benefit Programs
You may also participate in the
following post-tax benefit programs through payroll
deduction:
·
Automobile Insurance - is available at
discount rates. Coverage and premiums vary, depending on
the number of vehicles and persons insured, amount of
coverage elected, insurance points, and so on. You may
enroll at any time, and premiums are paid through
payroll deduction.
·
Homeowners, Renters and Personal Property
Insurance - is available at a cost determined by the
amount of coverage elected, type of construction, fire
protection provided and other variables. You may enroll
at any time, and premiums are paid through payroll
deduction.
·
Voluntary Post-Tax Group Life Insurance-
is available to you and your eligible dependents. You
pay the full cost of any coverage you elect.
·
Long Term Care Insurance – is available to
cover expenses for you or your family member’s future
care including, but not limited to nursing home, home
health care, hospice, respite and an assisted living
facility.
·
Savings Bonds- Can be purchased through
payroll deduction on an after-tax basis
·
Pre-Paid Legal- Members have access
to professional legal counsel not only for traditional
legal problems, but for everyday events such as:
·
buying a house or a car
·
creating a will
·
handling a problem with an insurance
company
·
dealing with identity theft...
Education: Tuition
Waiver Program
Employees may take up to three courses per year
tuition-free once they have completed probation. One
course may be taken per semester during the fall
semester, the spring semester, OR one summer session.
Employees may NOT take a course during each summer
session. For more information about this policy, please
see
University Policy #2 Tuition
Privileges for Certain Faculty and Staff.
Leave
EPA Staff and twelve-month faculty earn 12
sick days and 24 vacation days annually. Nine-month
faculty members do not accrue leave. They may be
eligible for Family and Medical Leave after one year of
continuous employment.
Holidays
Eleven or 12 days per year.
Disability Coverage
Permanent, full-time employees are eligible
for short-term disability after one year of service and
for long-term disability after five years of service.
There is no cost for this coverage. Disability
supplements are available via payroll deduction.
Retirement
All permanent full-time employees (30 or more
hours per week for 9 months or more) contribute 6% of
pre-tax income, and participation is mandatory. You
become vested after 5 years of contributory service. The
6% contribution is always the property of the employee;
however, employees have no claim against the
University’s portion until they have completed 5 years
of contributory service. EPA employees have two
retirement options:
1.Teachers’ and State Employees’ Retirement
Systems (TSERS) is a Defined Benefit Plan. This
means that the benefit will be determined by a formula
based upon an employee’s age at retirement, years of
service, the highest 4 consecutive years of salary, and
the retirement multiplier set by the State legislature.
This benefit cannot be transferred to another university
outside the state of North Carolina. It is designed for
those anticipating a full career at one institution or
continued employment with the State of North Carolina,
or someone who is close to retirement when he/she is
hired.
2. Optional Retirement Program (ORP) is
a Defined Contribution Plan. This means that the
contributions made to the retirement plan are defined at
the outset (6% from the employee and 6.84% from the
University). However, the outcome is determined by the
performance of the employee’s investments. Optional
Retirement Plans are completely portable to another
institution of higher education, and individuals have
total control over their own contributions. Those
carriers participating in the ORP are Fidelity, Lincoln
National, TIAA-CREF, and AIG Retirement.
Direct Deposit
Available for most banks.
Credit Union
A full-service credit union is located
adjacent to campus.
Facilities
The University library, pool, tennis courts,
and other athletic facilities are available. Student
Activity membership is available with cost depending on
level of membership. Several cafeterias are located on
campus. Some facilities listed above are also available
to family members/domestic partners.
Parking
You may check with Parking Services for
current rates and locations by calling (704) 687-4276,
or visit
www.uncc.edu/parking.
Dual
Career Couples Employment Assistance
This program’s primary purpose is to assist
spouses with finding employment in the Charlotte area.
Though not a placement service, this can help spouses
target the job hunt, identify likely employers, assist
in creating a resume, and provide an employment network.
Pay Dates
Pay dates are the 15th
and last day of the month. All faculty members are paid
over 12 months (fiscal year is July 1 – June 30). New
faculty receives 4/24 of their pay on August 31st.
EPA staff are paid on a semi-monthly basis.
This information is only a summary of the
University’s benefits. To learn more about benefits,
portfolios are provided. Also, if you have any specific
questions, you should contact the Benefits Office. When
you arrive on campus, a Benefits Orientation will be
provided.
Benefits Office Phone:
Eric
Lanier, Benefits Director, (704) 687-2208
Joy
Finney, Benefits Counselor, (704) 687-2892
Gina
Ewart, Benefits Representative, (704) 687-4271
(This
page last updated 6/5/2007)
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