Benefits as an Employee at The College of Saint Rose
At The College of Saint Rose, we know how important a comprehensive benefits plan is to your overall job satisfaction and to your personal goals. We consider our benefits plans as a component of your total compensation. The Chronicle of Higher Education has recognized our health plan as one of the best. Both full time (more than 30 hours/week) and part-time (20-30 hours/week) employees are eligible to participate in our various plan offerings.
Summary of Benefits for Full Time Employees
Health Plan: The College pays 90% of the premium for you to participate in our plan, administered by MVP. Coverage begins on the first of the month following your date of hire. Employees may elect coverage for themselves and dependents. There are two plan options from which to choose; copays and rates will vary depending upon the plan option. Here are some highlights:
- Physician Office visits....covered after $15/$20 co-pay
- Hospital In-patient/Outpatient....100% covered
- Prescription Drug....Retail: $5-$35 copay; Mail Order: $10-$70 copay (3 month supply)
- Vision....exams, contacts and glasses every 24 months
Dental Plan: The College pays 50% of the premium for you to participate. Coverage begins on the first of the month following date of hire. Employees may elect coverage for themselves and dependents. Here are some highlights:
- Preventative/Basic services…80% coverage, per plan details
- Major services…50% coverage, per plan details
- Orthodontia services…50% coverage, per plan details
Disability Plans: You are eligible for income protection in the event an extended illness temporarily does not allow you to work. Faculty and administrators are also eligible for long term disability coverage. The College pays 100% of the premium for these plans.
Life Insurance: After one year of employment, you will receive life insurance coverage equal to the amount of your annual salary (to a maximum of $50,000). The College pays 100% of the premium.
Retirement Plans: The College offers two plans; participation is determined based on your job classification, as follows:
- Administrator/Faculty: After one year of service, you may begin participation in our 403(b) plan through TIAA-CREF. The College contributes 9% of base salary as a match to your 5% contribution.
- Staff/Hourly: After one year of service, you may begin participation in our defined benefit plan, which is funded by the College. You are fully vested after seven years.
- All eligible employees may contribute on a pre-tax basis to a Supplemental Retirement Plan through TIAA-CREF.
Paid Time Off: Plans vary depending upon your job classification, but in general, all employees may take advantage of these opportunities to relax, recuperate or attend to personal business:
- Holiday…at least 11.5 scheduled days plus “floating” days
- Vacation…you begin to earn time toward your annual vacation accrual on your date of hire.
- Sick Leave…in the event of your illness; carryover provisions apply
- Bereavement Leave…up to a maximum of five days
Educational Opportunities: You, as well as your spouse and dependents, are encouraged to enrich your knowledge and educational background by participating in our Tuition Remission program, as follows:
- After six months of employment, you may take two courses per semester, 100% tuition free
- After one year of employment, your eligible dependents may take courses at 50% tuition remission
- After two years of employment, your eligible dependents may take courses 100% tuition free
This is a brief overview of benefits at the College. Information regarding eligibility, cost and policy specifics are available at the Office of Human Resources. The College reserves the right to amend, change or terminate any benefit plan at any time. The descriptions above are intended to provide a brief summary of the benefit plans. If there is any discrepancy between the language in the summary and the actual policy or contract, the actual policy or contract governs.
