#2 John Brewers Bay • St. Thomas • U.S. Virgin Islands 00802 • Tel: (340) 693-1429 • Fax (340) 693-1415 • veda.richards@uvi.edu
#2 John Brewers Bay • St. Thomas • U.S. Virgin Islands 00802 • Tel: (340) 693-1429 • Fax (340) 693-1415 • veda.richards@uvi.edu Historically American. Uniquely Caribbean. Globally Interactive. Benefits Administration BENEFITS FACT SHEET EXECUTIVE, ADMINISTRATIVE, PROFESSIONAL & RESEARCH FACULTY POSITIONS RELOCATION EXPENSES Reimbursement – Employee and immediate Family (Economy Class Airfare) only Relocation and moving expenses specified on employment contract HOUSING On-Campus Housing (Units for rent based on availability) INSURANCE PROGRAMS Group Health, Dental, Prescription Drugs, and Employee Assistance Program (EAP)-Compulsory Group Life, Accidental Death and Dismemberment/Non-Contributory - $10,000 Contributory – Plan A @ 1x, 2x’s, 3x’s, 4x’s base annual salary Plan B @ $10,000, 15,000, $25,000, $50,000, $75,000, $100,000, $150,000 **Death Benefits (3/5 of base salary paid to next of kin) Income Disability (Eligible after one year of continuous employment) Medical Air Services Association – MASA (Optional) American Family Life Assurance Company of Columbus-AFLAC (Optional) Work …
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#2 John Brewers Bay • St. Thomas • U.S. Virgin Islands 00802 • Tel: (340) 693-1429 • Fax (340) 693-1415 • veda.richards@uvi.edu Historically American. Uniquely Caribbean. Globally Interactive. Benefits Administration BENEFITS FACT SHEET EXECUTIVE, ADMINISTRATIVE, PROFESSIONAL & RESEARCH FACULTY POSITIONS RELOCATION EXPENSES Reimbursement – Employee and immediate Family (Economy Class Airfare) only Relocation and moving expenses specified on employment contract HOUSING On-Campus Housing (Units for rent based on availability) INSURANCE PROGRAMS Group Health, Dental, Prescription Drugs, and Employee Assistance Program (EAP)-Compulsory Group Life, Accidental Death and Dismemberment/Non-Contributory - $10,000 Contributory – Plan A @ 1x, 2x’s, 3x’s, 4x’s base annual salary Plan B @ $10,000, 15,000, $25,000, $50,000, $75,000, $100,000, $150,000 **Death Benefits (3/5 of base salary paid to next of kin) Income Disability (Eligible after one year of continuous employment) Medical Air Services Association – MASA (Optional) American Family Life Assurance Company of Columbus-AFLAC (Optional) Worker’s Compensation ** (Executive, Administrative and Research Faculty positions only) RETIREMENT- DEFINED CONTRIBUTION or DEFINED BENEFIT PLAN-COMPULSORY TIAA-CREF - Employee percentage=8%, Employer Percentage=14.5% OR Government Employees Retirement System (GERS)-Tier II ***Employee percentage= *10.5%, Employer Percentage=20.5%. *Participants that have uninterrupted service credit of more than five years with GERS prior to October 1, 2005, employee contribution is 0.5% less than the Tier II rate. The contribution rate will increase by 1% each year through 2017 for all active participants enrolled in GERS. *** (Employees who fail to enroll in the TIAA-CREF retirement plan within thirty (30) days from the date of employment will automatically be enrolled in the GERS Retirement Program) RETIREMENT-TAX DEFERRED CONTRIBUTION ACCOUNT(Optional) Group Supplemental Retirement Annuity Account (GSRA) & 457B Supplemental Retirement Annuity Account EDUCATION Free tuition For Full-time Employees, Spouse, and Eligible Dependents Tuition Exchange Program for Eligible Dependent Children Auditing Privileges Library Privileges HEALTH SERVICES On-Campus Medical Services ($40.00 per visit) over BENEFITS FACT SHEET EXECUTIVE, ADMINISTRATIVE, PROFESSIONAL & RESEARCH FACULTY POSITIONS SAVINGS PLAN Federal Credit Union LEAVE Annual Leave - 21 days per year (accrual of 12.25 hours per month) Sick Leave - 15 days per year (accrual of 8.75 hours per month) PRE-TAX BENEFITS Premium Only Plan Medical and Dependent Care Reimbursement Plan (Flexible Spending Account) OTHERS Direct Deposit of payroll checks Notary Public Revised 02/09/2016